Damaged Goods—Or Durable? A Response to Tom McInerney

2002 ◽  
Vol 12 (3) ◽  
pp. 371-377
Author(s):  
Stewart W. Herman

Abstract:Contrary to criticisms by Thomas McInerney, Durable Goods proposes a realistic and empirically testable “covenantal” ethic for moving management and labor beyond tactics of mutual coercion and evasion. Nonetheless, two questions asked by McInerney remain germane. First, should the moral claims of management and labor always receive equal moral consideration, as a matter of justice? To this substantive question Durable Goods admittedly provides a less than satisfactory answer. Second, can the normative theory proposed by Durable Goods, based in part as it is on the Bible, meet the standards of cogency, coherence, and parsimony appropriate to business ethics as a field of rigorous inquiry? This methodological question remains unaddressed.

1999 ◽  
Vol 9 (2) ◽  
pp. 337-345 ◽  
Author(s):  
John Dobson

Abstract:Here I synthesize certain ideas presented in two different articles that appeared in the same issue of Business Ethics Quarterly. One article (Hasnas) invokes the stockholder model as a valid normative theory of business ethics, the other article (Dunfee) invokes a marketplace of morality. Both articles imply that the accepted financial-economic view of the firm is a view that can accommodate ethics. I offer empirical support for this view. I also identify the ethic of the stockholder model as a variant on might-makes-right and consider the social acceptance of this ethic as a postmodern phenomenon.


Mind ◽  
2020 ◽  
Author(s):  
Mark Schroeder

Abstract The purpose of this paper is to conceptualize and explore what I shall call the Common Subject Problem for ethics. The problem is that there seems to be no good answer to what property everyone who makes moral claims could be talking and thinking about. The Common Subject Problem is not a new problem; on the contrary, I will argue that it is one of the central animating concerns in the history of both metaethics and normative theory. But despite its importance, the Common Subject Problem is essentially invisible on many contemporary ways of carving up the problems of metaethics and normative ethical theory. My aim, therefore, is to make progress – in part by naming the problem, but also by beginning to sketch out the contours of what gives the problem its force, by distinguishing between different paths of response to the problem and assessing some of their chief merits, and finally, by distinguishing the Common Subject Problem from another problem with which it has come to be conflated. This nearby problem is the Moral Twin Earth Problem. Whereas the Common Subject Problem is a problem about what property ‘wrong’ could refer to, the Moral Twin Earth Problem is a problem about how ‘wrong’ could refer to it. The upshot of the paper, therefore, is to rescue one of the historically significant problems in normative ethics and metaethics – a problem that is essentially about normative semantics – from the illusion that has persisted over the last twenty years that it is really, somehow, a problem about metasemantics. Once we have reclaimed this problem, we can see that it could still be a problem even if there are no distinctively metasemantic problems in metaethics at all, that it is a problem faced by a wider variety of views, and that the space of possible solutions is much wider and more interesting for normative theory, moral psychology, and moral epistemology.


2000 ◽  
Vol 10 (3) ◽  
pp. 563-591 ◽  
Author(s):  
John Douglas Bishop

Abstract:This paper carries forward the conceptual clarification of normative theories of business ethics ably begun by Hasnas in the January 1998 issue of BEQ. This paper proposes a normatively neutral framework for discussing and assessing such normative theories. Every normative theory needs to address these seven issues: it needs to specify a moral principle that identifies (1) recommended values and (2) the grounds for accepting those values. It also must specify (3) a decision principle that business people who accept the theory can use. It must determine (4) who the normative theory applies to and (5) whose interests need to be considered. It must also outline (6) in what contexts it applies, and (7) what legal and regulatory structures it assumes. Once clarified, this paper applies the framework to the normative versions of stockholder theory, stakeholder theory, and ISCT. It is concluded that ISCT is the most promising normative theory currently under discussion, but that there are some major issues that ISCT has not dealt with yet.


1995 ◽  
Vol 11 (1) ◽  
pp. 85-112 ◽  
Author(s):  
Thomas Donaldson ◽  
Thomas W. Dunfee

Difficult moral issues in economic life, such as evaluating the impact of hostile takeovers and plant relocations or determining the obligations of business to the environment, constitute the raison d'etre of business ethics. Yet, while the ultimate resolution of such issues clearly requires detailed, normative analysis, a shortcoming of business ethics is that to date it has failed to develop an adequate normative theory.1 The failing is especially acute when it results in an inability to provide a basis for fine-grained analyses of issues. Both general moral theories and stakeholder theory seem incapable of expressing the moral complexity necessary to provide practical normative guidance for many business ethics contexts.


1998 ◽  
Vol 8 (1) ◽  
pp. 19-42 ◽  
Author(s):  
John Hasnas

Abstract:The three leading normative theories of business ethics are the stockholder theory, the stakeholder theory, and the social contract theory. Currently, the stockholder theory is somewhat out of favor with many members of the business ethics community. The stakeholder theory, in contrast, is widely accepted, and the social contract theory appears to be gaining increasing adherents. In this article, I undertake a critical review of the supporting arguments for each of the theories, and argue that the stockholder theory is neither as outdated nor as flawed as it is sometimes made to seem and that there are significant problems with the grounding of both the stakeholder and social contract theory. I conclude by suggesting that a truly adequate normative theory of business ethics must ultimately be grounded in individual consent.


2021 ◽  
Vol 6 (1) ◽  
pp. 47-57
Author(s):  
Philip Suciadi Chia ◽  
Juanda Juanda

Business ethics is part of special ethics (applied), which initially developed in the United States, where it highlights various moral aspects of human behavior that have professions in business and management. Studying business ethics can help people who are in the business world to be able to formulate and apply ethical principles in the economics and business world among each other. It is expected that ethical principles can help determining the right attitude in dealing with conflicts (both interests and conscience) that arise when doing business. Of course, the Bible will be a foundation (reference) in formulating ethical principles in business. Thus, this paper limits business ethics that only based on biblical truth, so that it does not open a space for business ethics based on the secular world. In addition, the writer will discuss the relationship between ethics and business, definition, various presuppositions in doing business, some examples of violations of business ethics and closed for the purpose of Bible-based business ethics.  Abstrak Indonesia Etika bisnis merupakan bagian dari etika khusus (terapan), yang pada awalnya berkembang di Amerika Serikat, di mana menyoroti pelbagai segi moral perilaku manusia yang mempunyai profesi di bidang bisnis dan manajemen. Mempelajari etika bisnis dapat membantu mereka yang menggeluti dunia bisnis untuk dapat merumuskan serta menerapkan prinsip-prinsip etika dibidang ekonomi maupun dunia bisnis antar sesama. Prinsip-prinsip etika ini pun diharapkan dapat menolong dalam menentukan sikap yang benar dalam menghadapi konflik-konflik (baik kepentingan maupun hati nurani) yang timbul tatkala berbisnis. Tentu saja Alkitab akan menjadi landasan (acuan) dalam merumuskan prinsip-prinsip etika dalam berbisnis. Dengan demikian, tulisan ini membatasi etika bisnis hanya berdasarkan dari kebenaran Alkitab, sehingga tidak membuka ruang bagi etika bisnis menurut dunia sekuler. Di samping itu, penulis akan membahas mengenai kaitan antara etika dengan bisnis, definisi, berbagai presuposisi dalam berbisnis, beberapa contoh pelanggaran akan etika bisnis dan ditutup dengan tujuan etika bisnis yang berdasarkan Alkitab.


AI and Ethics ◽  
2021 ◽  
Author(s):  
Johann Jakob Häußermann ◽  
Christoph Lütge

AbstractToday, due to growing computing power and the increasing availability of high-quality datasets, artificial intelligence (AI) technologies are entering many areas of our everyday life. Thereby, however, significant ethical concerns arise, including issues of fairness, privacy and human autonomy. By aggregating current concerns and criticisms, we identify five crucial shortcomings of the current debate on the ethics of AI. On the threshold of a third wave of AI ethics, we find that the field eventually fails to take sufficient account of the business context and deep societal value conflicts the use of AI systems may evoke. For even a perfectly fair AI system, regardless of its feasibility, may be ethically problematic, a too narrow focus on the ethical implications of technical systems alone seems insufficient. Therefore, we introduce a business ethics perspective based on the normative theory of contractualism and conceptualise ethical implications as conflicts between values of diverse stakeholders. We argue that such value conflicts can be resolved by an account of deliberative order ethics holding that stakeholders of an economic community deliberate the costs and benefits and agree on rules for acceptable trade-offs when AI systems are employed. This allows AI ethics to consider business practices, to recognise the role of firms, and ethical AI not being at risk to provide a competitive disadvantage or in conflict with the current functioning of economic markets. By introducing deliberative order ethics, we thus seek to do justice to the fundamental normative and political dimensions at the core of AI ethics.


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