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Contents
Eugene Heath, Byron Kaldis and Alexei Marcoux
PART I
The discipline of business ethics
1 The history of business ethics
Bernard Mees
Business ethics becomes a field of study
2 Theorists and philosophers on business ethics
George Bragues
Ancient and medieval suspicions of commerce
The modern approval of business
The late modern attack on business
The philosophic epoch of business ethics
3 Theory and method in business ethics
Nicholas Capaldi
Hostility to business and business ethics
The Enlightenment Project and contemporary ethics
Exploration: the “new” normative methodology
Two competing narratives of philosophical exploration
An alternative method: explication
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4 Teaching business ethics: current practice and future directions
Darin Gates, Bradley R. Agle, and Richard N. Williams
Business ethics: education vs. training
The why, what, how, where, and when of business ethics education
Strengthening a student’s moral sense and commitment
Moral blindness, self-deception, and unethical actions
PART II
Moral philosophy and business: foundational theories
5 Consequentialism and non-consequentialism
Andrew Gustafson
A brief overview of ethical theories
Ethical theories of non-consequentialism and consequentialism
Non-consequentialism and consequentialism in business ethics
Pedro Francés-Gómez
A taxonomy of social contract approaches
Justification of the social contract theory of business ethics
How does it work? The elements of CBE
Integrative Social Contracts Theory (ISCT)
Application and criticism of Integrative Social Contracts Theory
Other social contract theories in business ethics
Concluding remarks: criticism and new directions
7 Can profit seekers be virtuous?
Michael C. Munger and Daniel C. Russell
Can profit seekers be virtuous?
Profits in the entrepreneurial process
Entrepreneurial virtue in commercial society vs. rent-seeking society
8 Feminist ethics and business ethics: redefining landscapes of learning
Ming Lim
Feminist ethics and the ethics of care
Feminist ethics and business ethics
Ethics of care: a way forward?
Virtue, self, and other: implications for business ethics
Etienne Wenger: learning a (virtue) ethics of relationship
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9 Business ethics and religious belief
Kenneth J. Barnes
PART III
Business ethics theories
Florian Wettstein
Can corporations have moral responsibilities? Corporations as moral agents
What are the social responsibilities of corporations?
Making sense of CSR theory and practice
Kenneth E. Goodpaster
Conscience: personal and institutional
Is stakeholder thinking more an obstacle to than a proxy for corporate conscience?
From stakeholder to comprehensive moral thinking
Implications for business education
12 Integrative Economic Ethics: concept and critique
Alexander Lorch and Thomas Beschorner
Integrative versus applied ethics
Discourse, legitimization, and responsibility
The micro level: the ethics of economic citizens
The meso level: normative stakeholder management
The macro level: republican liberalism and regulatory ethics
PART IV
Conceptual considerations
William Kline
Stakeholder theory, participation rights, and fair decision procedures
14 The corporation: genesis, identity, agency
Gordon G. Sollars
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15 Alternative business organizations and social enterprise
Dana Brakman Reiser
A critique of US specialized forms
The European environment explored
Evaluating European social enterprise forms
16 The ethics of entrepreneurship
Christian Lautermann and Kim Oliver Tokarski
Conceptions of entrepreneurship
Expanded conceptions of entrepreneurship
Core elements of entrepreneurship
Ethical entrepreneurship: empirical considerations
Ethical entrepreneurship: normative considerations
17 The contribution of economics to business ethics
Joseph Heath
Skepticism about business ethics
The rational choice revolution
PART V
Economic institutions: operations and effects
Bas van der Vossen
Concluding remarks: business and property
19 Creativity, innovation, and the production of wealth
Knut Sogner
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Innovation and neoclassical economics
The interactive approach to innovation
Living in an unsuccessful age?
20 Money and finance: ethical considerations
Antonio Argandoña
The legal and institutional framework
The ethics of financial intermediaries
The ethics of financial markets
21 Regulation, rent seeking, and business ethics
Christel Koop and John Meadowcroft
A typology of business ethics and regulation
The business ethics of rent seeking
Regulation, rent seeking, and institutional design
22 Business, nature, and environmental sustainability
Joseph DesJardins
Environmental goods as economic resources: where markets can work
Environmental goods and intrinsic value: where markets won’t work
The ethics and environmentalism of sustainable development
23 The economic crisis: causes and considerations
Randall G. Holcombe
Public policy on mortgages and the 2008 crisis
The role of the Fed in the crisis
The financial industry bailout
The auto industry bailout, and more
The ethics of the policy response
Housing policy and the political process
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PART VI
Roles and responsibilities within the firm
Ann K. Buchholtz
Issues surrounding shareholders
Issues surrounding boards of directors
The nature and role of the CEO
25 Leadership and business ethics: are leaders wolves for business ethics?
Valérie Petit and Sarah E. Saint-Michel
Theoretical foundations: desperately seeking ethics in leadership
The moral manager: navigating ethical leadership
The moral person: exploring the character of business leaders
Ethical leadership in the age of corporate social responsibility
26 Theoretical issues in management ethics
Joseph A. Petrick
Selected theoretical issues in management ethics
27 The ethics of managers and employees
Linda Klebe Treviño
Ethical awareness, judgment, motivation, and action
Managing ethical conduct through ethics and compliance programs
Jeffrey Moriarty
Freedom of contract: Lochner’s shadow
Starting and terminating the employment relationship
The nature of work: meaningful work and workplace democracy
Benjamin Ferguson
What do firms owe their employees?
Who is responsible when workers are wronged?
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30 Ethical issues in marketing, advertising, and sales
Minette Drumwright
Marketing, ethics, and marketing ethics
Conceptual and theoretical perspectives on marketing ethics
31 The accounting profession, the public interest, and human rights
Ken McPhail
Introducing professions and the public interest
Expressions of the public interest
PART VII
Multinational corporations and globalization
32 The globalization of business ethics
Kirk O. Hanson
Business ethics emerges in US business schools
A focus on business ethics emerges in US corporations
Interest in business ethics beyond the United States
Globalization becomes an economic reality
The growth of corporate global ethics programs
Defining a global ethic for business: challenges
33 Cross-cultural management ethics in multinational commerce
Terence Jackson
Foundations: Hofstede’s cultural values approach in international management studies
Building on Hofstede’s foundations
World Values Survey and modernization theory
Ethical judgments, algorithms, and codes of ethics
34 Corruption, bribery, and moral norms across national boundaries
Wesley Cragg
Bribery: inherent characteristics
Bribery: a complex social, economic, and political reality
Addressing the paradox of bribery through legal reform
The pursuit of integrity in business and government: lessons and challenges
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PART VIII
Business ethics across the globe
Yuqiao Xiang
The new era in China and the rise of business ethics
Theoretical trends in Chinese business ethics
The future challenges of business ethics in China
S. Ramakrishna Velamuri
Business ethics in South Asia: scholarship, teaching, and practice
Gandhi’s trusteeship framework
Trusteeship: a critical appraisal
Applicability of Gandhian trusteeship in the twenty-first century
Minka Woermann
Business ethics developments in Sub-Saharan Africa
Business in Africa: contextual considerations and challenges
Towards an African business ethics
38 Business ethics in Latin America
Álvaro E. Pezoa
Business ethics in Latin America: an approach to reality through the press
Comparative data on public corruption
Corporate practices, Non-Governmental Organizations (NGOs) and government initiatives
39 Business ethics in transition: communism to commerce in Central Europe and Russia
Rodica Milena Zaharia
Business ethics under communism
Similarities among former communist countries