Contemporary Issues in Business Ethics,9780534584641

Contemporary Issues in Business Ethics

by ;
Edition: 5th
ISBN13: 9780534584641
ISBN10: 0534584640
Format: Paperback
Pub. Date: 2004-07-16
Publisher(s): Wadsworth Publishing
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Summary

Prepare for your career with CONTEMPORARY ISSUES IN BUSINESS ETHICS! With coverage of business ethics from a social and political perspective, this business text focuses on areas of business ethics that are relevant to today?s student. Boxes in the text highlight important topics in ethics, including ethical relativism, psychological egoism, ethics and the law, virtue ethics, and ethical decision-making. Case studies, chapter introductions, and decision scenarios are just a few of the tools found throughout that help you master difficult concepts.

Table of Contents

Preface xiii
I BUSINESS AND ETHICS
Business, Ethics, and the Free Market
1(22)
Introduction
1(2)
What is Ethics?
3(1)
Ethical Relativism
4(2)
Business Ethics: The ``Free Market'' Theory
6(1)
Reading 1.1 The Social Responsibility of Business Is to Increase Its Profits
7(4)
Milton Friedman
Doing Business Ethics: An Analysis of Freidman
11(11)
Friedman's Radical Position
13(1)
Free Society
14(2)
The ``Tax Argument''
16(4)
Is Obedience to the Law Enough?
20(2)
In Summary
22(1)
Philosophical Ethics: Utilitarianism and the Free Market
23(21)
Introduction
23(1)
Ethical Theories
24(8)
Virtue Ethics: What Type of Person Should I Be?
24(3)
Utilitarianism: Maximize the Overall Good
27(4)
Deontology: An Ethics of Rights and Duties
31(1)
Utilitarian Defense of the Free Market
32(2)
An Analysis of the Utilitarian Defense
34(8)
Is the Free Market the Best Means?
34(4)
The ``Good'' of Free Market Utilitarianism
38(2)
Means and Ends Challenges
40(2)
In Summary
42(2)
Philosophical Ethics: Rights and the Market
44(20)
Introduction
44(2)
Rights Theory
46(9)
Rights and Respect
46(1)
Dignity and Autonomy
47(1)
What Rights?
48(1)
The Scope of Rights
49(3)
Basic and Derivative Rights: Resolving Conflicts
52(3)
Two Rights Arguments for the Free Market
55(9)
The Right to Liberty and the Market
56(3)
Private Property Rights and the Market
59(5)
The Corporation as a Social Institution
64(49)
Introduction
64(1)
The Nature of the Corporation
65(1)
The Role of the Corporation
65(1)
The Structure of the Corporation
65(1)
The Legal Status of the Corporation
66(1)
Corporate Responsibility
66(7)
Stakeholder Theory
66(3)
Social Contract Theory
69(2)
The Corporation as a Morally Responsible Agent
71(2)
Corporate Governance and Control
73(2)
In Summary
75(1)
Reading 4.1 A Stakeholder Theory of the Modern Corporation: Kantian Capitalism
76(8)
William M. Evan
R. Edward Freeman
Reading 4.2 Bad and Not-So-Bad Arguments for Shareholder Primacy
84(12)
Lynn A. Stout
Reading 4.3 Just Say No to Wall Street: Putting a Stop to the Earnings Game
96(6)
Joseph Fuller
Michael C. Jensen
Reading 4.4 Assessing Executive Compensation
102(11)
John J. McCall
II BUSINESS AND EMPLOYEES
Employee Rights: Job Security and Participation
113(72)
Introduction
113(1)
Job Security: Dismissals and Layoffs
114(10)
Individual Dismissals
114(5)
Layoffs
119(5)
Employee Participation
124(6)
Varieties of Participation
124(1)
Participation and Rights
124(1)
Participation and Firm Performance
125(2)
Participation and Organized Labor
127(1)
Case Study: Employee Relations at EDS
128(2)
Reading 5.1 Meaningful Work: A Kantian Approach
130(6)
Norman Bowie
Reading 5.2 The Right to Due Process
136(5)
Patricia H. Werhane
Reading 5.3 Rights in the Workplace: A Nozickian Argument
141(4)
Ian Maitland
Reading 5.4 Practices of Successful Organizations: Employment Security
145(11)
Jeffrey Pfeffer
Reading 5.5 An Ethical Basis for Employee Participation
156(7)
John J. McCall
Reading 5.6 Workplace Representation Overseas: The Works Councils Story
163(22)
Joel Rogers
Wolfgang Streeck
Decision Scenario A: Levi's Shrinks
176(1)
Decision Scenario B: Unwritten Employment Contracts
177(1)
Decision Scenario C: Montana's Just Cause Legislation
178(1)
Decision Scenario D: Saturn Motors: Shifting into Reverse?
179(2)
Decision Scenario E: The German Model of Employee Participation
181(1)
Decision Scenario F: Electromation: Illegal Employee Participation
182(1)
Decision Scenario G: Donnelly Mirrors: Fifty Years of Participation
183(2)
Employee Rights: Health, Equality, Privacy
185(50)
Introduction
185(1)
Health and Safety
186(4)
Government Regulations to Protect Health and Safety
187(1)
Cost-Benefit Analysis
188(1)
Health Insurance and Work
189(1)
Equal Treatment in the Workplace
190(3)
Sexual Harassment
190(2)
Disabled Workers
192(1)
Privacy in the Workplace
193(4)
Nature and Value of Privacy
193(3)
Case Study: Health Insurance and Discrimination against the Sick
196(1)
Readings 6.1 The Occupational Safety and Health Problem
197(6)
James Chelius
Readings 6.2 Sex is the Least of It: Let's Focus Harassment Law on Work, Not Sex
203(4)
Vicki Schultz
Readings 6.3 Disability and the Right to Work
207(6)
Gregory S. Kavka
Readings 6.4 The Problem with ``Dead Peasants'' Insurance
213(9)
Earl W. Spurgin
Readings 6.5 Drug Testing in Employment
222(13)
Joseph DesJardins
Ronald Duska
Decision Scenario A: American Cyanamid and Johnson Controls
227(1)
Decision Scenario B: Genetic Screening in the Workplace
228(2)
Decision Scenario C: When Gender Harassment is Not Sexual
230(1)
Decision Scenario D: Dismissal for an Abortion?
231(1)
Decision Scenario E: If You Work Here, Don't Smoke
232(1)
Decision Scenario F: Preemployment Psychological Testing
232(1)
Decision Scenario G: E-mail Privacy
233(2)
Ethical Responsibilities in Business: Employees, Managers, Professionals
235(49)
Introduction
235(1)
Honesty, Loyalty, and Trust
236(3)
Honesty
236(1)
Loyalty
237(1)
Trust
238(1)
Professional Responsibilities and the Gatekeeper Function
239(4)
Case Study: Accounting for Enron
240(3)
Reading 7.1 Is Business Bluffing Ethical?
243(8)
Albert Carr
Reading 7.2 Whistleblowing and Employee Loyalty
251(5)
Ronald Duska
Reading 7.3 Understanding Enron: ``It's About the Gatekeepers, Stupid''
256(8)
John C. Coffee, Jr.
Reading 7.4 Public Accounting: Profession or Business?
264(5)
John C. Bogle
Reading 7.5 Auditing Ethics
269(15)
Ronald Duska
Brenda Shay Duska
Decision Scenario A: Martha Stewart, ImClone, and InsiderTrading
278(2)
Decision Scenario B: Timing Mutual Funds
280(1)
Decision Scenario C: ``Soft Money'' in the Securities Industry
281(1)
Decision Scenario D: Buy American, or Else!
282(2)
III BUSINESS AND CONSUMERS
Product Liability and Safety
284(39)
The History of Product Liability
284(3)
Assessing Product Liability Alternatives
287(2)
Reforming Product Liability Law
289(1)
Product Safety Regulation
290(2)
Ethics and the Marketing of Dangerous Products
292(4)
Case Study: Caution: McDonald's Coffee is HOT---And Its Food Will Make You FAT!
294(2)
Reading 8.1 Who Pays for Tort Liability Claims? An Economic Analysis of the U.S. Tort Liability System
296(9)
George W. Bush
Reading 8.2 Fairness, Strict Liability and Public Policy
305(2)
John J. McCall
Reading 8.3 Social Products Liability: The Case of the Firearms Manufacturers
307(16)
George G. Brenkert
Decision Scenario A: Tobacco Companies under Fire
314(2)
Decision Scenario B: Selling Guns: Negligent Marketing?
316(2)
Decision Scenario C: The Michigan Toy Box Company
318(1)
Decision Scenario D: A.H. Robins and the Dalkon Shield
319(1)
Decision Scenario E: Diethylstilbestrol (DES)
320(3)
Marketing Ethics: Advertising, Sales, and Consumerism
323(63)
Introduction
323(1)
Deceptive Advertising and Sales
324(1)
Nondeceptive Marketing, Autonomy, and Consumer Vulnerability
325(3)
Marketing and Consumerism
328(4)
Case Study: Nike: Advertising, Marketing, and Free Speech
329(3)
Reading 9.1 Deceptive Advertising
332(5)
John J. McCall
Reading 9.2 Deception and Withholding Information in Sales
337(11)
Thomas Carson
Reading 9.3 Advertising and Behavior Control
348(8)
Robert L. Arrington
Reading 9.4 Marketing to Inner-City Blacks: Powermaster and Moral Responsibility
356(10)
George G. Brenkert
Reading 9.5 Children as Consumers: An Ethical Evaluation of Children's Television Advertising
366(7)
Lynn Sharp Paine
Reading 9.6 Why Do We Consume So Much?
373(13)
Juliet B. Shor
Decision Scenario A: Marketing in School
379(2)
Decision Scenario B: Advertising's Images of Women
381(1)
Decision Scenario C: Advertising Headaches
382(1)
Decision Scenario D: New, Improved, . . . and Smaller
383(1)
Decision Scenario E: Political Advocacy Meets High-Tech Ad Agencies
384(2)
IV BUSINESS AND OTHER CONSTITUENCIES
Business and The Natural Environment
386(54)
Introduction
386(1)
Business, the Environment, and Economics
387(2)
Sustainable Development and Business
389(5)
Case Study: Interface Corporation: Sustainable Business
390(4)
Reading 10.1 People or Penguins: The Case for Optimal Pollution
394(4)
William F. Baxter
Reading 10.2 Why Political Questions Are Not All Economic
398(6)
Mark Sagoff
Reading 10.3 Morality, Money, and Motor Cars
404(5)
Norman Bowie
Reading 10.4 Sustainable Business: Environmental Responsibilities and Business Opportunities
409(7)
Joseph R. DesJardins
Reading 10.5 A Road Map for Natural Capitalism
416(11)
Amory B. Lovins
L. Hunter Lovins
Paul Hawken
Reading 10.6 The Next Industrial Revolution
427(13)
William McDonough
Michael Braugart
Decision Scenario A: Global Warming
434(1)
Decision Scenario B: Boomer v. Atlantic Cement Co.
435(1)
Decision Scenario C: The Detroit Project
436(1)
Decision Scenario D: Pacific Lumber
437(1)
Decision Scenario E: Walt Disney v. the Sierra Club
438(2)
Affirmative Action and Diversity
440(31)
Introduction
440(1)
Public Policy to Counter Discrimination
441(3)
Arguments For and Against
443(1)
Hiring for Diversity
444(3)
Case Study: The University of Michigan Cases
445(2)
Reading 11.1 Preferential Hiring and Compensation
447(7)
Robert K. Fullinwider
Reading 11.2 A Defense of Programs of Preferential Treatment
454(4)
Richard Wasserstrom
Reading 11.3 Brief in Support of the University of Michigan
458(13)
Amicus Curiae
Decision Scenario A: United Steelworkers of America v. Weber
465(1)
Decision Scenario B: Preferential Treatment for Men?
466(1)
Decision Scenario C: Women Wage Earners: Less Is Best?
467(1)
Decision Scenario D: Federal Set-Asides: From Fullilove to Adarand
468(2)
Decision Scenario E: Hide the Wedding Ring
470(1)
Ethics and Multinational Corporations
471(66)
The Power of Multinationals
471(1)
The Ethical Relativist Approach
472(2)
The Nonrelativist Approach
474(4)
Case Study: Africa, AIDS and Drug Patents
476(2)
Reading 12.1 Rights and the Global Market
478(14)
Thomas J. Donaldson
Reading 12.2 The Great Non-Debate over International Sweatshops
492(9)
Ian Maitland
Reading 12.3 Sweatshops and Respect for Persons
501(15)
Denis G. Arnold
Norm E. Bowie
Reading 12.4 Marketing, the Ethics of Consumption, and Less-Developed Countries
516(21)
George G. Brenkert
Decision Scenario A: Indonesian Corruption and Multinationals
529(2)
Decision Scenario B: Brazil: Economic Development versus Environmental Protection
531(1)
Decision Scenario C: ``When in Rome'': International Affirmative Action
532(1)
Decision Scenario D: Child and Bonded Labor: Business Responsibility for Supplier Practices
533(2)
Decision Scenario E: Drug Safety and the Third World
535(2)
Index 537

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