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  1. Can Welfare Economics Justify Corporate Philanthropy? Proposing the Philanthropy Multiplier as a Metric for Evaluating Corporate Philanthropic Expenditures.William English - forthcoming - Business Ethics Quarterly:1-31.
    Much business ethics and corporate social responsibility literature suggests, implicitly or explicitly, that firms ought to engage in activities that can be characterized as philanthropy, namely, expending resources beyond what is required by law and market norms to promote others’ welfare at the expense of firm profits. However, this literature has struggled to provide a normative framework for evaluating corporate philanthropy, although scholars have noted that such expenditures can potentially remedy market failures and provide public goods more efficiently. I articulate (...)
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  • Between Markets, Politics, and Ethics: On Vendor Conscience and Impersonal Markets.Matthew Caulfield - 2023 - Journal of Business Ethics 188 (2):307-326.
    Business owners sometimes refuse to transact with certain customers on principle, given some normative (political, personal, moral, or religious) commitment which they hold. I call such refusals ‘conscientious refusals.’ Evaluating two possible positions on the permissibility of vendor conscientious refusals, I argue in favor of an impersonal market in which vendor conscientious refusals are generally not justified. I argue impersonal norms, which crowd out conscientious considerations, support pluralist, healthy markets from which we reap individual and communal benefits; further, impersonal markets (...)
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  • Managerial Discretion, Market Failure and Democracy.Michael Bennett - 2023 - Journal of Business Ethics 185 (1):33-47.
    Managers often have discretion in interpreting their ethical requirements, and they should seek democratic guidance in doing so. The undemocratic nature of managerial ethical discretion is shown to be a recurring problem in business ethics. Joseph Heath’s market failures approach (MFA) is introduced as a theory better positioned to deal with this problem than other views. However, due to epistemic uncertainty and conceptual indeterminacy, the MFA is shown to allow a much wider range of managerial discretion than initially appears. The (...)
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