In the wake of recent corporate scandals, this paper examines the claim made by John Boatright that business ethics, as it is currently conceived, “rests on a mistake.” Ethics in business should not be achieved through managerial vision, discretion or responsibility; rather, ethics should shape the design of institutions that regulate business from the outside. What ethicists should advocate for, according to Boatright, are moral markets not moral managers. I explore the empirical and normative dimensions of his claim (...) with special attention paid to the extent to which Boatright’s development of the economic theory of the firm supports his position. I conclude by suggesting some reasons why moral markets and moral management are compatible frameworks for corporate reform. (shrink)

The purpose of this paper is to enter the conversation about stakeholder theory with the goal of clarifying certain foundational issues. I want to show, along with Boatright, that there is no stakeholder paradox, and that the principle on which such a paradox is built, the Separation Thesis, is nicely self-serving to business and ethics academics. If we give up such a thesis we find there is no stakeholder theory but that stakeholder theory becomes a genre that is quite (...) rich. It becomes one of many ways to blend together the central concepts of business with those of ethics. Rather than take each concept of business singly or the whole of “business” together and hold it to the light of ethical standards, we can use the stakeholder concept to create more fine-grained analyses that combine business and ethics; or more simply, we can tell many more, and more interesting, stories about business. (shrink)

This paper argues that Rawls’ principles of justice provide a normative foundation for stakeholder theory. The principles articulate (at an abstract level) citizens’ rights; these rights create interests across all aspects of society, including in the space of economic activity; and therefore, stakeholders – as citizens – have legitimate interests in the space of economic activity. This approach to stakeholder theory suggests a political interpretation of Boatright’s Moral Market approach, one that emphasizes the rights/place of citizens. And this approach (...) to stakeholder theory – in terms of citizens – raises a further question, what rights and obligations do economic agents have, beyond those attached to their roles as citizens? Rawls would reject additional rights and obligations of this sort for two reasons, one tied to freedom and one tied to pluralism. Rawls’ work therefore presses us to re-conceptualize the place of ethical claims in the economic context. (shrink)

Our approach in this response is as folIows. In § I, we try to identify accurately Boatright’s central claims-both about Goodpaster’s original paper and about matters of substance independent of that paper. In § 2 and 3, we discuss the plausibility of those claims, first from a legal point of view and then from a moral point of view. Finally, in § 4, we defend the concept of paradox (and, in particular, the Stakeholder Paradox) as a limitation on practical (...) reason which is not necessarily to be lamented. In fact, we believe, some paradoxes are better preserved from rather than guided toward resolution. (shrink)

This paper is the presidential address to the Society for Business Ethics presented during its annual meeting in Chicago,Illinois, on August 7, 1999. The paper discusses three models of management morality and considers their applicability for thinkingabout business ethics in the new millennium. The moral management model, in particular, is discussed in contrast to the moral marketmodel, which was presented in the previous year's presidential address by John Boatright. Immoral Management, Moral Management, and Amoral Management are considered and two (...) hypotheses about the presence of amorality within the management population and individual managers are reflected upon. (shrink)

The American Antitrust Institute, a Washington, D.C. think tank, recently completed a study that concludes that competition law and policy plays little if any role in business ethics courses taught in U.S. business schools. To fill this intellectual void, this article makes a case for the development of a business ethics sub-field of antitrust ethics that is synonymous with the ethics of competitive strategy. After reviewing Paine''s Five Principles of Positive Competition and Boatright''s and Hendry''s views on the Moral (...) Manager Model and Moral Market Model, the need for ethical decision-making in a dynamic, innovative environment is explained through a Federal Trade Commission antitrust case involving the Dell Computer Corporation. The author argues that the contributions of Paine, Boatright, and Hendry provide an initial foundation for further research concerning the moral theories, principles, and rules pertaining to antitrust ethics, especially as it pertains to dynamic competition and "fair and competitive" executive behavior. (shrink)

This 2001 Presidential Address critically examines the mission of SBE and how it can be fulfilled. I begin with Brother Leo Ryan’s1994 Presidential Address, in which he asked how the SBE mission can be accomplished given the growing number of organizations that focus on business ethics. I take up his challenge by focusing on one objective of our stated mission: To help develop ethical business organizations. I examine two ways we might promote this objective: the Moral Market Model advocated by (...) John Boatright in his 1998 Presidential Address and the Market of Morality model advocated by Thomas Dunfee in his 1996 Presidential Address. I argue both views are limited because they focus only on market institutions. I conclude with an example of how breast cancer awareness among African-American women was increased by relying on a multi-institutional approach: organizations (beauty parlors), individuals (hairdressers, who distributed the information), personal relationships, culture, and educational and health care institutions. The question remains: Who are our hairdressers? (shrink)

In lieu of an abstract, here is a brief excerpt of the content:94. THE HUME LITERATURE FOR 1976 A fairly complete coverage of the recent Hume literature up to 1970 is available in my booklet, A Hume Bibliography from 1930 (York, 1971; obtainable direct from the author, post free, on payment of jé 1.25 within the U.K., c^3.00 or $8.00 elsewhere). Coverage up to 1975 is obtained when this is combined with the addenda and supplement published in the Philosophical Quarterly (...) in January 1976. What follows here will bring the record up to the end of 1976. Readers are invited to inform me of any omissions. The intention is to maintain a complete bibliographical record of critical work on Hume, by the regular publication in Hume Studies of an annual bibliography covering the previous year. In a forthcoming book (Edinburgh University Press; probable title, Fifty Years of Hume Scholarship) I have tried to provide all that the student of Hume needs as a guide to the secondary literature: an introductory essay on the development of Hume scholarship up to the present time, thorough coverage of the Hume literature from 1925 to 19 76, with indexing by author, language, and subject, and also a list of the main writings on Hume earlier this century. The following abbreviations of journal titles have been used: APQ American Philosophical Quarterly JHI Journal of the History of Ideas JHP Journal of the History of Philosophy JP Journal of Philosophy PAS Proceedings of the Aristotelian Society PB Philosophical Books PBA Proceedings of the British Academy PQ Philosophical Quarterly PR Philosophical Review RIP Revue Internationale de Philosophie 95. RM Review of Metaphysics TLS Times Literary Supplement Other abbreviations should be obvious. ALEJANDRO, de, J. M. 'El atomismo gnoseologico de David Hume (1711-1776)', Pensamiento 32, 383-403. ANDERSON, R. F. 'The Location, Extension, Shape, and Size of Hume's Perceptions', in Livingston & King (see below), 153-71. ARDAL, P. S. 'Some Implications of the Virtue of Reasonableness in Hume's Treatise', in Livingston & King, 91-106. ARDLEY, G. 'Hume's Common Sense Critics', RIP 30, 104-2 5. ATKINSON, R. F. 'Hume on the Standard of Morals', in Merrill & Shahan (see below), 25-44. BAGOLINI, L. David Hume e Adam Smith: Elementi per una ricerca di filosofia giuridica e politica. Bologna. BAYLES, M. D. 'Hume on Blame and Excuse', Hume Studies 2, 17-35. BEANBLOSSOM, R. E. 1A New Foundation for Humean Scepticism1, Phil. Studies 29, 207-10. BEAUCHAMP, T. L. 'An Analysis of Hume's Essay "On Suicide"', RM 30, 73-95. BERfIAN, D. "David Hume on the 1641 Rebellion in Ireland', Studies: a Quarterly Review 65, 101-102. BIRO, J. I. 'Hume on Self-Identity and Memory", RM 30, 19-38. BJELKE, J. F. 'Wirklichkeitserkenntnis und Wirklichkeitsimagination bei Hume', Archiv für Geschichte der Phil. 58, 23-39. BOATRIGHT, J. R. 'Hume's Account of Moral Sentiment", RIP 30, 79-90. BOSSERT, P. J. "Hume and Husserl on Time and Time-Consciousness ", J. Br. Soc. Phenomenol. 7, 44-52. 96. BURNS, S. "The Humean Female", Dialogue 15, 415-2 4. [425-40.] BUTLER, R. J. ' Distinctiones Rationis, or the Cheshire Cat which left its smile behind it", PAS 76, 165-76. BUTLER, R. J. 'Hume's Impressions', in Royal Inst, of Phil. Lectures, Vol. 9, 122-36. CAPALDI, N. 'Hume's Theory of the Passions', in Livingston & King, 172-90. CHERRY, C. 'Nature, artifice and moral approbation", PAS 76, 265-82. COHEN, R. 'The Rationale of Hume's Literary Inquiries', in Merrill & Shahan, 97-115. COLVER, A. W. David Hume, The Natural History of Religion and PRICE, J. V. David Hume, Dialogues concerning Natural Religion. Oxford. [PB_ 18 (1977), 49-54. ] COURTENAY, W. J. et al. Ockham, Descartes, and Hume: Self-Knowledge, Substance, and Causality. Madison, Wis. CONNON, R. W. 'Some Hume MS Alterations on a Copy of the Abstract', JHP 14, 353-6. DAVIDSON, D. 'Hume's cognitive theory of pride', JP- 73, 744-57. DAVIE, W. 'Hume's Catalog of Virtue and Vice', in Merrill & Shahan, 45-57. DERATHÉ, R. 'L'obligation politique selon Hume', RIP 30, 91-103. ESPOSITO, J. L. 'Hume and the Transcendental Idealists', Southern J. Phil. 14, 431-42. FALK, W. D. 'Hume on Is and Ought', Canadian J... (shrink)