Business Ethics Quarterly 10 (3):659-674 (2000)

Abstract
We examine the writings of Adam Smith and Milton Friedman regarding their interpretation and use of the concept of self-interest.We argue that neither Smith nor Friedman considers self-interest to be synonymous with selfishness and thus devoid of ethicalconsiderations. Rather, for both writers self-interest embodies an other-regarding aspect that requires individuals to moderate theiractions when others are adversely affected. The overriding virtue for Smith in governing individual actions is justice; for Friedman it isnon-coercion
Keywords Applied Philosophy  Business and Professional Ethics  Social Science
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ISBN(s) 1052-150X
DOI 10.2307/3857897
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References found in this work BETA

Capitalism and Freedom.Milton Friedman - 1962 - Ethics 74 (1):70-72.
On Ethics and Economics.Amartya Sen - 1989 - Tijdschrift Voor Filosofie 51 (4):722-723.
Ethics and the Conduct of Business.John R. Boatright - 1994 - Journal of Business Ethics 13 (6):446-454.
Business Ethics.Norman Bowie & Ronald Duska - 1992 - Journal of Business Ethics 11 (9):718-728.

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Citations of this work BETA

Does Milton Friedman Support a Vigorous Business Ethics?Christopher Cosans - 2009 - Journal of Business Ethics 87 (3):391-399.
Will the Real A. Smith Please Stand Up!Matthias P. Hühn & Claus Dierksmeier - 2016 - Journal of Business Ethics 136 (1):119-132.

View all 10 citations / Add more citations

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