Wealth Commerce And Philosophy

The moral dimensions of how we conduct business affect all of our lives in ways big and small, from the prevention of environmental devastation to the policing of unfair trading practices, from arguments over minimum wage rates to those over how government contracts are handed out. Yet for as deep and complex a field as business ethics is, it has remained relatively isolated from the larger, global history of moral philosophy. This book aims to bridge that gap, reaching deep into the past and traveling the globe to reinvigorate and deepen the basis of business ethics. Spanning the history of western philosophy as well as looking toward classical Chinese thought and medieval Islamic philosophy, this volume provides business ethicists a unified source of clear, accurate, and compelling accounts of how the ideas of foundational thinkers—from Aristotle to Friedrich Hayek to Amartya Sen—relate to wealth, commerce, and markets. The essays illuminate perspectives that have often been ignored or forgotten, informing discussion in fresh and often unexpected ways. In doing so, the authors not only throw into relief common misunderstandings and misappropriations often endemic to business ethics but also set forth rich moments of contention as well as novel ways of approaching complex ethical problems. Ultimately, this volume provides a bedrock of moral thought that will move business ethics beyond the ever-changing opinions of headline-driven debate.

Humanomics in business ethics / Deirdre N. McCloskey -- Introduction / Eugene Heath and Byron Kaldis -- Wealth and commerce in archaic Greece: Homer and Hesiod / Mark S. Peacock -- Aristotle and business: friend or foe? / Fred D. Miller, Jr -- Confucian business ethics: possibilities and challenges / David Elstein and Qing Tian -- The earthly city and the ethics of exchange: spiritual, social, and material economy in Augustine's theological anthropology / Todd Breyfogle -- Thomas Aquinas: the economy at the service of justice and the common good / Martin Schlag -- The ethics of commerce in Islam: Ibn Khaldun's Muqaddimah revisited / Munir Quddus and Salim Rashid -- Hobbes's idea of moral conduct in a society of free individuals / Timothy Fuller -- John Locke's defense of commercial society: individual rights, voluntary cooperation, and mutual gain / Eric Mack -- As free for acorns as for honesty: Mandevillean maxims for the ethics of commerce / Eugene Heath -- "Commerce cures destructive prejudices": Montesquieu and the spirit of commercial society / Henry C. Clark -- Hume on commerce, society, and ethics / Christopher J. Berry -- The fortune of others: Adam Smith and the beauty of commerce / Douglas J. Den Uyl -- Why Kant's insistence on purity of the will does not preclude an application of Kant's ethics to for-profit businesses / Norman Bowie -- Tocqueville: the corporation as an ethical association / Alan S. Kahan -- J.S. Mill and business ethics / Nicholas Capaldi -- Karl Marx on history, capitalism, and ... business ethics? -- William H. Shaw -- Friedrich Hayek's defense of the market order / Karen I. Vaughn -- The power and the limits of Milton Friedman's arguments against corporate social responsibility / Alexei Marcoux -- Beyond the difference principle: Rawlsian justice, business ethics, and the morality of the market / Matt Zwolinski -- Commitments and corporate responsibility: Amartya Sen on motivations to do good / Ann E. Cudd

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Adam Smith's name has become synonymous with free market economics. Recent scholarship has given us a richer, more nuanced figure, steeped in the intricacies of enlightenment social and political philosophy. Adam Smith's Discourse develops this literature and gives it a radical new dimension. The first book on Adam Smith to deal with recent debates in literary theory, this interdisciplinary work examines Smith's major texts and places them within the context of enlightenment thought. It considers Smith's major writings--the Lectures on Jurisprudence and On Rhetoric and Belles Letters as well as The Theory of Moral Sentiments and The Wealth of Nations--and places each within its own discursive context and with reference to its stylistic and rhetorical features. Adam Smith's Discourse debunks the view of Smith as a dogmatic free-marketeer. In its place, the book offers a portrait of a more skeptical, philosophical and politically focused figure. It shows that Smith's enthusiasm for the transition to a society based on trade and manufacturing was tinged with a more dispassionate recognition of the losses as well as the benefits derived from commercial society.

The essays included in the text explore the many facets of business ethics. In this overview of business ethics, we see its relationship to the social sciences, management practices, etc.

Government interference in free enterprise is growing. Should they intercede in business ethics and corporate responsibility; and if so, to what extent? The Morality of Business: A Profession for Human Wealthcare goes beyond the utilitarian case in discussing the various elements of business ethics, social policy, job security, outsourcing, government regulation, stakeholder theory, advertising and property rights.

This thoughtful new abridgment is enriched by the brilliant commentary which accompanies it. In it, Laurence Dickey argues that the Wealth of Nations contains--and conceals--a great deal of how Smith actually thought a commercial society works. Guided by his conviction that the so-called Adam Smith Problem--the relationship between ethics and economics in Smith's thinking--is a core element in the argument of the work itself, Dickey's commentary focuses on the devices Smith uses to ground his economics in broadly ethical and social categories. An unparalleled guide to an often difficult and perplexing work.

This book offers unique insights into how Adam Smith understood globalization, and examines how he incorporated his knowledge of the world and globalization into his classical political economy. Although Smith lived in society that was far from globalized, he experienced the beginning of globalization. Smith considered the most developed society the commercial society: the society that results from people meeting with strangers. Among Enlightenment thinkers, Smith was one of the most important figures with respect to interaction in the world, and it is through his lens that the authors view the impact of the mixing of diverse peoples. Firstly, the book describes how Smith was influenced by information from around the world. Leaving eighteenth-century Europe, including Smith’s native Scotland, people travelled, traded, and immigrated to far-flung parts of the globe, sometimes writing books and pamphlets about their travels. Informed by these writers, Smith took into consideration the world beyond Europe and strangers with non-European backgrounds. Against that background, the book reinterprets Smith’s moral philosophy. In The Theory of Moral Sentiments, Smith developed his moral philosophy, in which he examined how people form opinions through their meetings with strangers. He researched how encounters with strangers created the sharing of social rules. As such, the book studies how Smith believed that people in dissimilar communities come to share common concepts of morality and justice. Lastly, it provides an innovative reading of Smith’s political economy. In The Wealth of Nations, Smith established the market model of economic society. However, he saw the limitations of that model since it does not consider the impact of money on economy and international trade. He also recognized the limitations of his own equilibrium theory of market, the theory that is still influential today.