Can Individual Morality and Commercial Life Be Reconciled?

Journal of Interdisciplinary Studies 16 (1-2):80-96 (2004)
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Socialists and defenders of laissez-faire share the view that in the market agents pursue their self-interest, not the good of others. On this basis, socialists reject the market as an arena of immorality, while laissez-faire theorists attempt to defuse the charge by relying on the providential consequences of the "invisible hand," However, both stances presuppose a view of morality that too sharply separates self-interest and altruism. Some try to separate the economic arui morality into discrete spheres. In contrast, a compatibilist account shows the ways a concern for personal profit and a concern for others can come together. Such a motivationalist approach allows one to re-conceive the "invisible hand." It is no longer a serendipitous justification of the merely self-interested, but an invitation to think of the various mixtures of altruism and self-interest required to produce those results that may commend the market.



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Values, value types and moral reasoning of mba students.George Lan, Maureen Gowing, Fritz Rieger, Sharon McMahon & Norman King - 2010 - Business Ethics, the Environment and Responsibility 19 (2):183-198.

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