There Is No Rawlsian Theory of Corporate Governance

2015 ◽  
Vol 25 (1) ◽  
pp. 65-92 ◽  
Author(s):  
Abraham Singer
Keyword(s):  
Political Philosophy ◽  
Corporate Governance ◽  
Business Ethics ◽  
Basic Structure ◽  
Theory Of Justice ◽  
The Third

ABSTRACT:The major aim of this article is to show that John Rawls’s theory of justice cannot be applied effectively to questions of business ethics and corporate governance. I begin with a reading of Rawls that emphasizes both the critical and pragmatic nature of his theory. In the second section I look more closely at the notion of society’s “basic structure” and its place within Rawls’s theory. In the third section, I argue that “the corporation” cannot be understood as part of this basic structure and is not, therefore, a subject of justice for Rawls or his interpreters. Finally, I show that Rawls’s inability to speak to the corporation is a weakness, regardless of one’s particular view on the corporation. I conclude by considering what Rawls’s theory helps us to understand about the problems involved in integrating corporate governance, business ethics, and political philosophy.

Business Ethics and (or as) Political Philosophy

2010 ◽  
Vol 20 (3) ◽  
pp. 427-452 ◽  
Author(s):  
Joseph Heath ◽  
Jeffrey Moriarty ◽  
Wayne Norman
Keyword(s):  
Political Philosophy ◽  
Corporate Governance ◽  
Business Ethics ◽  
Applied Ethics ◽  
The Other ◽  
Business Practices ◽  
Central Importance ◽  
Capitalist System ◽  
The Past ◽  
Distribution Of Income

ABSTRACT:There is considerable overlap between the interests of business ethicists and those of political philosophers. Questions about the moral justifiability of the capitalist system, the basis of property rights, and the problem of inequality in the distribution of income have been of central importance in both fields. However, political philosophers have developed, especially over the past four decades, a set of tools and concepts for addressing these questions that are in many ways quite distinctive. Most business ethicists, on the other hand, consider their field to be primarily a domain of applied ethics, and so adopt methods and conceptual frameworks developed by moral philosophers. In this paper, we discuss some of the salient differences between these two approaches, and suggest some ways in which business ethicists could benefit from taking a more “political philosophy” approach to these questions. Throughout, we underline the importance of seeking greater compatibility among the principles used in normative theorizing about markets, regulations, corporate governance, and business practices.

scholarly journals Idealizations and ideal policing

2021 ◽  
Author(s):  
Jake Monaghan
Keyword(s):  
Political Philosophy ◽  
Property Rights ◽  
Social Institutions ◽  
Electoral System ◽  
Basic Structure ◽  
Theory Of Justice ◽  
The Core ◽  
Full Compliance ◽  
Police Agencies ◽  
Political Economic

Political philosophy often focuses on “major institutions” that make up the “basic structure” of society. These include political, economic, and social institutions. In this paper I argue first that policing plays a substantial role in generating the kinds of inequalities and problems that are concerns of social or structural justice, and therefore that police agencies qualify as a major institution. When we abandon full compliance or similar idealizations, it is clear that policing is not a concern secondary to, e.g., the electoral system or the scheme of property rights in a society. Nor, I argue, does maintaining full compliance or moral character idealizations obviate an active enforcement role. Eliminating that role from an idealized model society requires engaging in a methodologically and substantively unattractive amount of abstraction. The result is that an active enforcement role is at the core of a complete theory of justice rather than something that is significant only “downstream” from more fundamental issues.

Rawlsian Institutionalism and Business Ethics: Does It Matter Whether Corporations Are Part of the Basic Structure of Society?

2020 ◽  
pp. 1-31 ◽  
Author(s):  
Brian Berkey
Keyword(s):  
Political Philosophy ◽  
Business Ethics ◽  
Basic Structure ◽  
Social Conditions ◽  
Ongoing Debate ◽  
Corporate Behavior ◽  
Key Issues ◽  
Principles Of Justice ◽  
The Relationship

ABSTRACT In this article, I aim to clarify some key issues in the ongoing debate about the relationship between Rawlsian political philosophy and business ethics. First, I discuss precisely what we ought to be asking when we consider whether corporations are part of the “basic structure of society.” I suggest that the relevant questions have been mischaracterized in much of the existing debate, and that some key distinctions have been overlooked. I then argue that although Rawlsian theory’s potential implications for business ethics are more extensive than some have suggested, the nature of the concern that we ought to have about the effects of corporate behavior on individuals’ economic and social conditions should lead us to reject the view that corporations are bound by principles of justice only if, and insofar as, they are part of the basic structure.

On the Relevance of Political Philosophy to Business Ethics

2005 ◽  
Vol 15 (3) ◽  
pp. 455-473 ◽  
Author(s):  
Jeffrey Moriarty
Keyword(s):  
Political Philosophy ◽  
Business Ethics ◽  
Distributive Justice ◽  
John Rawls ◽  
Political Liberalism ◽  
Legitimate Authority ◽  
Theory Of Justice ◽  
Political Theories ◽  
Theories Of Justice ◽  
The Difference

Abstract:The central problems of political philosophy (e.g., legitimate authority, distributive justice) mirror the central problems of business ethics. The question naturally arises: should political theories be applied to problems in business ethics? If a version of egalitarianism is the correct theory of justice for states, for example, does it follow that it is the correct theory of justice for businesses? If states should be democratically governed by their citizens, should businesses be democratically managed by their employees? Most theorists who have considered these questions, including John Rawls in Political Liberalism, and Robert Phillips and Joshua Margolis in a 1999 article, have said “no.” They claim that states and businesses are different kinds of entities, and hence require different theories of justice. I challenge this claim. While businesses differ from states, the difference is one of degree, not one of kind. Business ethics has much to learn from political philosophy.

Global Justice in Lutheran Political Theology

2016 ◽  
Vol 3 (1) ◽  
pp. 45-58
Author(s):  
Carl-Henric Grenholm
Keyword(s):  
Political Philosophy ◽  
Global Justice ◽  
Political Theology ◽  
Critical Examination ◽  
Equal Distribution ◽  
Theory Of Justice ◽  
Sharp Distinction ◽  
Main Thesis ◽  
Theories Of Justice ◽  
Influential Theory

The purpose of this article is to examine the contributions that might be given by Lutheran political theology to the discourse on global justice. The article offers a critical examination of three different theories of global justice within political philosophy. Contractarian theories are criticized, and a thesis is that it is plausible to argue that justice can be understood as liberation from oppression. From this perspective the article gives an analysis of an influential theory of justice within Lutheran ethics. According to this theory justice is not an equal distribution but an arrangement where the subordinate respect the authority of those in power. This theory is related to a sharp distinction between law and gospel. The main thesis of the article is that Lutheran political theology should take a different approach if it aims to give a constructive contribution to theories of justice. This means that Lutheran ethics should not be based on Creation and reason alone – it should also be based on Christology and Eschatology.

Utopophobia

2019 ◽  
Author(s):  
David Estlund
Keyword(s):  
Political Philosophy ◽  
Social Justice ◽  
Political Thought ◽  
Political Action ◽  
Ideal Theory ◽  
Theory Of Justice ◽  
Sound Theory ◽  
Theory Versus ◽  
History Of ◽  
Practical Guidance

Throughout the history of political philosophy and politics, there has been continual debate about the roles of idealism versus realism. For contemporary political philosophy, this debate manifests in notions of ideal theory versus nonideal theory. Nonideal thinkers shift their focus from theorizing about full social justice, asking instead which feasible institutional and political changes would make a society more just. Ideal thinkers, on the other hand, question whether full justice is a standard that any society is likely ever to satisfy. And, if social justice is unrealistic, are attempts to understand it without value or importance, and merely utopian? This book argues against thinking that justice must be realistic, or that understanding justice is only valuable if it can be realized. The book does not offer a particular theory of justice, nor does it assert that justice is indeed unrealizable—only that it could be, and this possibility upsets common ways of proceeding in political thought. The book's author engages critically with important strands in traditional and contemporary political philosophy that assume a sound theory of justice has the overriding, defining task of contributing practical guidance toward greater social justice. Along the way, it counters several tempting perspectives, including the view that inquiry in political philosophy could have significant value only as a guide to practical political action, and that understanding true justice would necessarily have practical value, at least as an ideal arrangement to be approximated. Demonstrating that unrealistic standards of justice can be both sound and valuable to understand, the book stands as a trenchant defense of ideal theory in political philosophy.

Corporate governance and business ethics: Evidence from a sample of Algerian corporations

2020 ◽  
Vol 4 (1) ◽  
pp. 15-29
Author(s):  
Nour El Houda Yahiaoui ◽  
Abdelmadjid Ezzine
Keyword(s):  
Corporate Governance ◽  
Business Ethics ◽  
Structural Model ◽  
Structural Equations ◽  
Path Modeling ◽  
Senior Managers ◽  
Corporate Scandals ◽  
Governance Systems ◽  
Sustainable Value ◽  
Governance Practices

Corporate governance systems are developed to govern corporations, build trust and create sustainable value for all stakeholders. Paradoxically, in spite of massive efforts in developing governance systems, corporate scandals are persisting. Different studies have strongly recommended business ethics as a solution to this paradox. Thus, this study explores if business ethics supports corporate governance practices in a sample of Algerian corporations. The study used a mixed methodology; qualitative: since this subject is poorly addressed in the Algerian context that requires an exploratory study. Quantitative by developing a structural model demonstrating the relationship between business ethics and corporate governance, Data for the study were collected by means of a questionnaire distributed on an anonymous basis to corporations’ senior managers in Sidi Bel Abbes district. Treatment of collected data is done using two types of analysis: the structural equations modeling approach by using the PLS Path approach (PLS Path Modeling) and linear regression. The study finds out that business ethics leads to better levels of corporate governance and supports its practices; and the reason is mainly due to an implicit involuntary commitment to laws as a minimum required level of compliance, and that the protection of stakeholders’ rights are the most important corporate governance’s dimension affected by business ethics.

The Meditations

2017 ◽  
Author(s):  
Walter Ott
Keyword(s):  
Perceptual Experience ◽  
Developmental Reading ◽  
Basic Structure ◽  
Brain Image ◽  
The Real ◽  
The Third ◽  
Real Work ◽  
Sensible Qualities ◽  
The Brain

Despite its difference in aspiration, the Meditations preserves the basic structure of perceptual experience outlined in Descartes’s earliest works. The chapter explores Descartes’s notion of an idea and uses a developmental reading to clear up the mystery surrounding material falsity. In the third Meditation, our protagonist does not yet know enough about extension in order to be able to tell whether her idea of cold is an idea of a real feature of bodies or merely the idea of a sensation. By the time she reaches the end of her reflections, she has learned that sensible qualities are at most sensations. As in his earliest stages, Descartes believes that the real work of perceiving the geometrical qualities of bodies is done by the brain image, which he persists in calling an ‘idea,’ at least when it is the object of mental awareness.

Sign in / Sign up

Export Citation Format

Share Document