Honorable Business and Valuing What We Ought

2019 ◽  
pp. 185-202
Author(s):  
James R. Otteson
Keyword(s):  

Chapter 8 looks at several more worries about, and objections raised to, markets and business. This chapter focuses specifically on concerns raised about how markets can induce us to misvalue things—valuing some things too highly, valuing other things not enough. Chapter 8 argues that it is not things but rather people and their choices that should be valued. It also argues that one can advocate both liberty and virtue, that is, respecting people’s right to choose while retaining the moral authority to criticize—though not interfere with—their choices. It argues that working for wages is not plausibly similar to slavery and hence, contrary to some critics’ claims, should not be described as such. Finally, the chapter discusses tragedies of the commons and explores the ways that honorable business might address and mitigate some, if not all, of them.

2014 ◽  
Author(s):  
David J. Hardisty ◽  
Howard Kunreuther ◽  
David H. Krantz ◽  
Poonam Arora

2010 ◽  
Author(s):  
Joshua Fisher ◽  
Jennifer Wies ◽  
Stacie King
Keyword(s):  

2018 ◽  
pp. 32-51
Author(s):  
R. Yu. Kochnev ◽  
L. I. Polishchuk ◽  
A. Yu. Rubin

We present the comparative analysis of the impact of centralized and decentralized corruption for private sector. Theory and empirical evidence point out to a “double jeopardy” of decentralized corruption which increases the burden of corruption upon private firms and weakens the incentives of bureaucracy to provide public production inputs, such as infrastructure. These outcomes are produced by simultaneous free-riding and the tragedy of the commons effects. The empirical part of the paper utilizes data of the Business Environment and Enterprise Performance project.


2017 ◽  
Vol 1 (1) ◽  
pp. 1-6
Author(s):  
Jennifer M. Bernstein

Vickers Hot Springs is located near the rural Southern California town of Ojai, and local residents have long enjoyed soaking in the sulfuric pools. But as knowledge of the springs spread, the area saw increases in fights, traffic, burglaries, and drug use. In response, two residents purchased the land and committed to restore the property while allowing limited public access, subsequently generating a great deal of controversy within the community. Privatizing Vickers Hot Springs follows the archetypical lesson of Garrett Hardin's 1968 essay, “The Tragedy of the Commons.” Hardin stated that the problem for common-pool resources was that a finite amount of services are demanded by a potentially infinite number of users, who have little to gain by sacrificing for the common good. But Hardin's theory does not always apply. Many communities have come together to manage resources, often without government oversight. Thus, the question is not whether or not Hardin's theory is accurate, but rather “under what conditions it is correct and when it makes the wrong predictions.” Case studies provide nuance to the broad brushstrokes of a theory, and whether Hardin's parable is applicable depends on the particularities of the common property resource conflict. Employing the frameworks established by Hardin, Dietz et al., and Ostrom, this paper examines the management of Vickers Hot Springs within its broader social, ecological, and political context, asking whether the particular circumstances of this resource use conflict made privatization the most predictable outcome.


2011 ◽  
Vol 5 (3) ◽  
pp. 337-364
Author(s):  
Kristin Norget

This article explores new political practices of the Roman Catholic Church by means of a close critical examination of the beatification of the Martyrs of Cajonos, two indigenous men from the Mexican village of San Francisco Cajonos, Oaxaca, in 2002. The Church’s new strategy to promote an upsurge in canonizations and beatifications forms part of a “war of images,” in Serge Gruzinski’s terms, deployed to maintain apparently peripheral populations within the Church’s central paternalistic fold of social and moral authority and influence, while at the same time as it must be seen to remain open to local cultures and realities. In Oaxaca and elsewhere, this ecclesiastical technique of “emplacement” may be understood as an attempt to engage indigenous-popular religious sensibilities and devotion to sacred images while at the same time implicitly trying to contain them, weaving their distinct local historical threads seamlessly into the fabric of a global Catholic history.


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