Journal of Business Ethics 61 (2):129-141 (2005)

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.
Keywords John Boatright  morality of markets  regulation  economic theory of the firm  corporate stakeholders  Enron
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DOI 10.1007/s10551-005-8713-x
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References found in this work BETA

Does Business Ethics Rest on a Mistake?John R. Boatright - 1999 - Business Ethics Quarterly 9 (4):583-591.
Does Ethics Pay?Lynn Sharp Paine - 2000 - Business Ethics Quarterly 10 (1):319-330.
The Political Theory of Organizations and Business Ethics.Christopher Mcmahon - 1995 - Philosophy and Public Affairs 24 (4):292-313.

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Citations of this work BETA

A Political Account of Corporate Moral Responsibility.Jeffery Smith - 2011 - Ethical Theory and Moral Practice 14 (2):223 - 246.

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