A Companion to Business Ethics by Robert E. Frederick

By Robert E. Frederick

In a chain of articles particularly commissioned for this quantity, a few of state-of-the-art such a lot uncommon enterprise ethicists survey the most parts of curiosity and challenge within the box of industrial ethics.

Sections of the ebook conceal issues akin to the customarily effortless relation among company ethics and capitalism, the hyperlink among enterprise ethics and moral idea, how ethics applies to precise difficulties within the enterprise global, the relationship among enterprise ethics and similar educational disciplines, and the perform of industrial ethics in sleek corporations.

  • Includes large, obtainable dialogue of all the major components of curiosity and debate in enterprise ethics
  • Features all unique contributions via exclusive authors in company ethics
  • Includes an annotated desk of contents, bibliographies of the correct literature and an inventory of net assets of fabric on enterprise ethics
  • Perfect, complete publication to be used in enterprise ethics classes

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Act utilitarianism is also attractive to businesspersons because it provides the foundation for cost–benefit analysis, which in its purest form calculates benefits and 23 milton snoeyenbos and james humber costs in terms of money. Of course, the market itself places a monetary value on many goods, services, and activities; in addition, utilitarians have devised ingenious methods of placing a price on such seeming unmeasurables as aesthetic value, health, even human life. For instance, we can determine the value you place on your own life by examining the risks you do or would take and the insurance premiums you pay or would be willing to pay.

Given the exponential growth of international business, it is not surprising that this view has many adherents today. During the 1970s and 1980s, trade agreements between the USA and the former Soviet Union were defended on the grounds that they would enhance the chances of peace. Similar arguments are heard today regarding the granting of Most Favored Nation Status to China. Such arguments are not limited to US spokespersons. A Mideast Common Market has been proposed as a cure of the continuing conflicts in the Middle East.

The rule utilitarian will consider the rules applicable to this circumstance. , (If C, then A2). The rule utilitarian asks which rule, if followed by everyone, would maximize utility. Of these two rules, it seems clear that R1 would maximize utility if it were followed by everyone, since if everyone broke his promises chaos would result. Accordingly, the rule utilitarian would claim A1 is morally right. So, it seems that act and rule utilitarianism sometimes yield different results as to what is morally right, and that rule utilitarianism is sometimes more in accord with our ordinary notion of what is right.

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