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PREFACE=xi
Section A. THE MORAL AND POLITICAL FRAMEWORK OF BUSINESS
AI. Introduction: Markets and Business=2
Economic Systems and the Market=3
Evaluating the Market=5
The Readings=9
How the West Grew Rich: The Economic Transformation of the Industrial World/NATHAN ROSENBERG;L. E. BIRDZELL, JR.=10
The Market/LUDWIG VON MISES=25
The Ethical Limitations of the Market/ELIZABETH ANDERSON=34
The Nature of Business/ELAINE STERNBERG=49
For Further Reading=60
AII. Justice=62
Justice: Introductory Considerations=63
The Idea of Justice=64
Recent Challenges=67
The Readings=68
The Principles of a Liberal Social Order/F. A. HAYEK=69
A Theory of Justice/JOHN RAWLS=76
The Entitlement Theory/ROBERT NOZICK=88
A Moral Case for Socialism/KAI NIELSEN=99
For Further Reading=104
AIII. Regulation=105
Regulation: The Background=106
Economic Regulation=107
The Readings=110
On the Rationale of Governmental Regulation/NICHOLAS RESCHER=111
Paradoxes of the Regulatory State/CASS R. SUNSTEIN=116
Is There a Bias Toward Overregulation?/LELAND B. YEAGER=126
The Limits of Business Self-Regulation/IAN MAITLAND=138
For Further Reading=144
AIV. The Moral Conditions of Commerce=146
The Relation Between the Descriptive and the Normative=147
A Moral Basis for Commerce?=148
Moral Conditions as Causal Conditions=150
The Readings=151
The Grumbling Hive/BERNARD MANDEVILLE=152
Asceticism and the Spirit of Capitalism/MAX WEBER=158
The Market Order and Abstract Rules/F. A. HAYEK=174
A Dialogue on the Moral Foundations of Commerce/JANE JACOBS=184
For Further Reading=193
AV. Ethical Theory=194
Ethical Theory=195
Ethical Relativism and Moral Differences=196
Normative Ethical Theories: An Overview=198
The Readings=201
Nicomachean Ethics/ARISTOTLE=203
Fundamental Principles of the Metaphysic of Morals/IMMANUEL KANT=221
What Utilitarianism Is/JOHN STUART MILL=229
For Further Reading=239
Section B. VICE AND VIRTUE IN THE CONDUCT OF BUSINESS
BI. Character and Commerce=242
General Considerations=242
Virtue and Society=244
Virtues, Roles, and Rules=246
The Readings=247
Business Qualities/SAMUEL SMILES=248
An Aristotelian Approach to Business Ethics/ROBERT C. SOLOMON=254
Bourgeois Virtue/DEIRDRE N. MCCLOSKEY=259
Selfishness=268
The Readings=269
Atlas Shrugged/AYN RAND=270
Business and the Economic Nexus/PHILIP WICKSTEED=275
Prudence=282
The Readings=284
Of Prudence/ADAM SMITH=284
Prudence/H. J. N. HORSBURGH=286
Generosity=291
The Readings=292
Liberality/ARISTOTLE=293
Dimensions of Generosity/TIBOR R. MACHAN=295
Manners=303
The Readings=305
Appearing Respectful: The Moral Significance of Manners/SARAH BUSS=305
Why Do It? Because That's What We Do: Manners in the Ruins of Community/H. TRISTRAM ENGELHARDT, JR.=311
For Further Reading=318
BII. Honesty and Integrity in Business=320
Honesty=320
The Readings=322
Of Honesty and Veracity in Dealing/DANIEL DEFOE=323
Truthfulness, Deceit, and Trust/SISSELA BOK=326
Is Business Bluffing Ethical?/ALBERT Z. CARR=331
Sales and Advertising=336
The Readings=338
Character and Caliber in Salesmanship/JOHN G. JONES=339
A Moral Evaluation of Sales Practices/DAVID M. HOLLEY=345
Advertising/ISRAEL KIRZNER=352
Advertising and Behavior Control/ROBERT L. ARRINGTON=358
Integrity, Loyalty, and Whistleblowing=365
The Readings=367
Integrity/GABRIELE TAYLOR=368
Loyalty/JOSIAH ROYCE=374
Whistleblowing and Employee Loyalty/RONALD F. DUSKA=377
Whistleblowing: Professionalism, Personal Life, and Shared Responsibility/MICHAEL W. MARTIN=379
For Further Reading=387
BIII. Responsibility, Action, and the Conduct of Business=388
Individual Responsibility=388
The Readings=390
"I Only Work Here": Mediation and Responsibility/JOHN LACHS=391
Role Obligations/MICHAEL O. HARDIMON=396
Corporate Responsibility=402
The Readings=404
The Social Responsibility of Business Is to Increase Its Profits/MILTON FRIEDMAN=405
A Stakeholder Theory of the Modern Corporation/R. EDWARD FREEMAN=409
The Ethics of Rent-Seeking? A New Perspective on Corporate Social Responsibility/MICHAEL E. DEBOW=416
Industry, Work, and Ambition=425
The Readings=427
The Way to Wealth/BENJAMIN FRANKLIN=428
Why Work?/DOROTHY SAYERS=431
Of the Origin of Ambition/ADAM SMITH=435
Courage, Entrepreneurship, and Profit=442
The Readings=444
Courage/ARISTOTLE=445
The Entrepreneur/JOSEPH A. SCHUMPETER=448
Why Profits Are Deserved/N. SCOTT ARNOLD=453
Entrepreneurs, Profits, and Deserving Market Shares/JOHN CHRISTMAN=460
Freedom of Contract and Affirmative Action=467
The Readings=470
Employer and Employee Rights in an Institutional Context/PATRICIA H. WERHANE;TARA J. RADIN=471
In Defense of Unbridled Freedom of Contract/ERIC MACK=477
Moral Perspectives on Affirmative Action/GERTRUDE EZORSKY=485
The Moral Status of Affirmative Action/LOUIS POJMAN=493
For Further Reading=505
Section C. THE CONSEQUENCES OF COMMERCE
CI. The Moral Effects of Commerce=510
The Market as Cause=511
Positive and Negative Effects=512
Political Effects of Markets=515
Historical Perspective on Moral Effects=516
Alternative Explanations=518
The Readings=519
Of Laws in Relation to Commerce/MONTESQUIEU=521
Of Refinement in the Arts/DAVID HUME=523
Manifesto of the Communist Party/KARL MARX;FRIEDRICH ENGELS=527
The Cultural Contradictions of Capitalism/DANIEL BELL=533
The Prevalence of War and The Loose Individual/ROBERT NISBET=543
For Further Reading=551
CII. Economic Growth, Progress, and Culture=553
Progress and Economic Growth=554
Doubts about Progress=556
Culture and Consumerism=557
The Readings=561
A Philosophical Review of the Successive Advances of the Human Mind/ANNE-ROBERT-JACQUES TURGOT=562
Whatever Happened to Progress?/E. J. MISHAN=568
The Metropolis and Mental Life/GEORG SIMMEL=578
The Consumer Society/JEAN BAUDRILLARD=584
A Framework for Utopia/ROBERT NOZICK=588
For Further Reading=594
CIII. Commerce and the Arts=597
What Is Art?=598
Divergent Claims=600
Art, Business, and the State=603
The Readings=606
Art and Capitalism/ERNST FISCHER=608
A Mirror for Artists/DONALD DAVIDSON=615
Masscult and Midcult/DWIGHT MACDONALD=623
The Arts in a Market Economy/TYLER COWEN=632
For Further Reading=643
CIV. Business, Technology, and Environmental Ethics=644
Western Attitudes to Nature=645
Modern Science and Technology=646
Kinds of Environmentalism=648
Markets and the Environment=650
Protecting the Environment=651
The Readings=653
Technology and Wisdom/EMMANUEL G. MESTHENE=654
What Use? The World of Gadgets/JACQUES ELLUL=659
Business and Environmental Ethics/W. MICHAEL HOFFMAN=667
The Economic Common Sense of Pollution/LARRY E. RUFF=674
Can the Supply of Natural Resources Be Infinite?/JULIAN L. SIMON=681
For Further Reading=689
CREDITS=691
INDEX=694
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