Business ethics and the free market

Economic Affairs

Volumn 17, Issue 1, 1997, Pages 50-52

  Sternberg, Elaine ^a  

^a UNIVERSITY OF LEEDS   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 28144465064     PISSN: 02650665     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0270.00010     Document Type: Article

References (20)

1. By Elaine Sternberg and published by Little, Brown & Co. (UK) 1994; Warner paperback 1995; 'JB'.
2. Cf. Aristotle, Physics, Book II, especially Chapter 8.
3. For an explanation of what 'essential nature' means, and why it involves no unacceptable metaphysical overheads, see Sternberg, E., 'A Teleological Approach to Business Ethics', in Gasparski, W. W. and Ryan, L. V., eds., Human Action in Business, Praxiology Volume 5, Transaction Publishers, 1996, pp. 51-64.
4. JB, p. 32.
5. For a full explanation, justification and application of this understanding of business, see JB, Chapter 2 and passim.
6. JB, pp. 33-5.
7. Cf. 'The Value of Business' in JB, pp. 261-2.
8. Problems of conflicting objectives do, of course, also apply in the public sector, and in organisations whose objectives are less controversial than healthcare; cf. JB, p. 267, pp. 36-7.
9. This does not mean that expensive treatments will necessarily be forsworn: the business benefit of being regarded as an advanced experimental centre, or a curer of last resort, may well exceed the costs.
10. Subject, of course, to fulfilling existing obligations.
11. Cf. JB, p. 263.
12. Though in the absence of infinite resources, financial considerations can never be ignored ... even in tax-supported medical establishments, where the financial limitations are typically even more severe.
13. JB, p. 266.
14. JB, p. 267.
15. For a full explanation, justification and application of these concepts, see JB, Chapter 3 and passim.
16. JB, p. 7.
17. Cf. 'Charges of Intrinsic Business Immorality Refuted', JB, pp. 57-61.
18. For a contractarian attempt to provide such a fundamental analysis, see Narveson, Jan, 'Deserving Profits' in Rizzo, M. J. end Cowan, R., Profits and Morality, The University of Chicago Press, 1995, pp. 48-87.
19. For Aristotle, the relevant end is the essential purpose of man. Neither Aristotle's biological teleology nor the substantive conclusions of the Nicomachean Ethics are, however, required for the arguments of this article or those of Just Business.
20. Which can include information as well as physical goods.