Morality Competition and the Firm is popular PDF and ePub book, written by Joseph Heath in 2014, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Morality Competition and the Firm can be Read Online from any device for your convenience.
Morality Competition and the Firm Book PDF Summary
"The essays by Joseph Heath collected in this volume collectively present a program in business ethics that he calls the "market failures" approach. They develop a theoretical framework that lies between two opposing positions in business ethics -- on one hand the "stakeholder" theory, which identifies moral obligations within an organization by identifying its key groups, and the self-explanatory "shareholder primacy" theory. Heath's "market failures" approach lies between these approaches and argues that firms should be guided by the ideal of a perfectly competitive market, and that ethical behavior in this context consists primarily in refraining from taking advantage of imperfections in existing markets. Heath's approach puts particular emphasis on the market as a competitively structured interaction, with different duties owed to individuals inside and outside the firm, and explains why business managers cannot have fiduciary responsibilities toward every stakeholder group. His theory draws on recent work in adversarial ethics, welfare economics, agency theory, and the theory of the ferm, in order to provide an account of business ethics that can be integrated with recent thinking about corporate law and the normative basis of state regulation of the economy"--
Detail Book of Morality Competition and the Firm PDF
- Author : Joseph Heath
- Release : 03 June 2024
- Publisher : Oxford University Press
- ISBN : 9780199990481
- Genre : Business & Economics
- Total Page : 425 pages
- Language : English
- PDF File Size : 7,8 Mb
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