Ethical Issues In Business: A Philosophical Approach

Paperback | June 11, 2007

byThomas Donaldson, Patricia Werhane, Joseph Van Zandt

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This widely used business ethics book begins by introducing students/readers to moral reasoning. A collection of readings and cases from both philosophical literature and business articles apply ethical theory to real-life business situations. Well-known scandals involving companies like Enron, WorldCom, Tyco, Merrill Lynch, and Parmalat have increased public awareness of business ethics, underscored its importance, and ushered in a new era of increased corporate regulation and governance.


Now, more than ever, a student planning on entering the business world, and anyone working for a corporation, investing in stock, or even interacting with businesses will benefit from a basic understanding of business ethics.

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This widely used business ethics book begins by introducing students/readers to moral reasoning. A collection of readings and cases from both philosophical literature and business articles apply ethical theory to real-life business situations. Well-known scandals involving companies like Enron, WorldCom, Tyco, Merrill Lynch, and Parmal...

Format:PaperbackDimensions:640 pages, 8.9 × 6 × 1.2 inPublished:June 11, 2007Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0131846191

ISBN - 13:9780131846197

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Extra Content

Table of Contents

PART ONE  General Issues in Ethics




Section 1:  The Controversy


CASE STUDY  Norman Bowie and Stephanie Lenway, H.B. Fuller in Honduras: Street Children.  Graduate School of Business of Columbia University but it looks like it was first published in 1993 in an earlier edition of this text by Prentice Hall.


Peter French, The Corporation as a Moral Person, American Philosophical Quarterly, 1979.


Milton Friedman, The Social Responsibility of Business is to increase its Profits, New York Times Magazine, 1970.


R. Edward Freeman, Stakeholder Theory of the Modern Corporation, No publisher indicated; used by permission of the author.  1984 is the date attributed by Wikipedia, but no citation.  It may first have appeared in this text.


Section 2:  General Issues in Ethics


CASE STUDY  Arthur Kelly, Italian Tax Mores, Copyright 1977 by the author.


Norman Bowie, A Kantian Approach to Business Ethics, Blackwell Publishing, Ltd., 1999


Robert C. Solomon, Corporate Roles, Personal Virtues:  An Aristotelean Approach to Business Ethics, Business Ethics Quarterly, 1992.


Andrew Gustafson, Utilitarianism and Business Ethics.  No date or copyright information is provided by the author.  (New)


John McVea, Ethics and Pragmatism: John Dewey’s deliberative approach, This is the article that has been accepted for publication but I don’t know by what journal yet.  (New)


Patricia Werhane, The Very Idea of a Conceptual Scheme, Oxford University Press, 1999.



Section 3:  Truth Telling



CASE STUDY  Emily Mead and Patricia Werhane, Cynthia Cooper and WorldCom, U. of Va. Darden School Foundation, 2005.  (New)


Immanuel Kant, Ethical Duties Towards Others


George Brenkert, Trust, Morality and International Business, Business Ethics Quarterly, 1998


Sissela Bok, Whistleblowing and Professional Responsibilities, New York University Education Quarterly, 1980


Albert Carr, Is Business Bluffing Ethical? 




PART TWO:  Property, Profit and Justice




Section I:  Traditional Theories of Property and Profit


CASE STUDY  Geeta Anand, How Drug’s Rebirth as Treatment for Cancer Fueled Price Rises, Wall Street Journal, Nov. 15, 2004


CASE STUDY  T.W. Zimmer and Paul Preston, Plasma International, Southwestern Publishing Company, 1976


John Locke, The Justification of Private Property, (probably in the public domain, but from McMillan reprint, 1956)


Adam Smith, Benefits of the Profit Motive, (Reprint from U. of Chicago Press, 1976)


Karl Marx, Alienated Labor  McGraw-Hill, 1963


Andrew Carnegie, Wealth, (In the public domain; North American Review, 1889)



Section 2:  Contemporary Challenges to Property Rights


CASE STUDY  Kristi Severance, Lisa Shapiro and Pat Werhane,  W.R. Grace & Co. and the Neemix Patent, University of Virginia Darden School Foundation, 1997  (New)


Lester C. Thurow, Needed:  A New System of Intellectual Property Rights, Harvard Business Review, 1997


Deborah G. Johnson, Privacy, (From Computer Ethics, Prentice Hall, 2001)  (New)



Section 3:  Justice


CASE STUDY  Joanne B. Ciulla, The Oil Rig, University of Richmond, 1990


John Rawls, Distributive Justice, Harper and Row, 1967


Robert Nozick, The Entitlement Theory, Basic Books, 1974


Michael Walzer, Complex Equality, Basic Books, 1983



PART THREE:  Corporations, Persons, and Morality





Section 1:  The Role of Organizational Values


CASE STUDY  Business Enterprise Trust, Merck & Co., The Business Enterprise Trust, 1991.


Amartya Sen, Does Business Ethics Make Economic Sense?  Business Ethics Quarterly, 1993.


Robert H. Frank, Can Socially Responsible Firms Survive in a Competitive Environment?  Russell Sage Foundation, 1996.


Lynn Sharp Paine, Managing for Organizational Integrity, Harvard Business School Publishing Corp., 1994.


Bowen H. McCoy, The Parable of the Sadhu., Harvard Business School Publishing Corp., 1983.



Section 2:  Values and the Virtuous Manager


CASE STUDY  Stewart Hamilton, The Enron Collapse, International Institute for Management Development, (IMD) 2003.


Robert Jackall, Moral Mazes:  Bureaucracy and Managerial Work, Harvard Business School Publishing Corp., 1983.


Frederick Bird and James Waters, The Moral Muteness of Managers, California Management Review; Regents of the University of California, 1989.


(No Attributed Author) Legislative Summary of the Sarbanes-Oxley Act, Ernst & Young, 2002  (New)


John C. Coffee, Jr., Limited Options, Legal Affairs, 2003.



Section 3:  Issues in Employment



CASE STUDY  Mark Skertic, The Pension Plan Crisis, Chicago Tribune, 2005.  (New)


Barbara Rose, Unkept promises hit retirees, Chicago Tribune, 2005.  (New)


CASE STUDY  Barbara Ehrenreich, Working at Walmart, Henry Holt & Co., 2001  (New)


Tara Radin and Patricia Werhane, Employment at Will, Employee Rights, and Future Directions for Employment, Business Ethics Quarterly, 2003. 


Richard A. Epstein, In Defense of the Contract at Will,  University of Chicago Law Review, 1984


Rosabeth Moss Kanter, Employability Security, Basic Books, 1977.


Jeffrey Pfeffer, People, Profits and Perspective, Harvard Business School Press, 1998.  (New)



Section 4:  Diversity



CASE STUDY  Thomas Dunfee and Diana Robertson, Foreign Assignment, unpublished.  (New)


Judy B. Rosener, Ways Women Lead, Harvard Business Review, 1990.  (New)


Peggy McIntosh, White Privilege and Male Privilege: A Personal Account of Coming to See Correspondences Through Work in Women’s Studies,  Copyright retained by author.



PART FOUR:  International Business




Section 1:  Ethical Relativism


CASE STUDY  R.S. Moorthy, Richard T. De George, Thomas Donaldson, William J. Ellos, S.J., Robert C. Solomon, Robert B. Textor, “What Price Safety” and “Facing Face”,  Motorola University Press, 1998  (New)


James Rachels, The Challenge of Cultural Relativism,  McGraw-Hill, 1998.


Thomas Donaldson and Thomas Dunfee, A Social Contracts Approach to Business Ethics,  Business and Society Review, 2000.


The United Nations Declaration of Human Rights,  (No publisher listed)



Section 2:  Business Values Away from Home



CASE STUDY  Barnaby J. Feder, Alchemist Dream Come True, New York Times, 1995  (New)


CASE STUDY  Edwin M. Hartman, Gift Giving and the African Elder,  (unpublished; author retains rights)  (New)


Richard T. De George, International Business Ethics and Incipient Capitalism:  A Double Standard?, (Unpublished; author retains rights)


Thomas Donaldson, Values in Tension Away From Home,  Harvard Business Review, 1996.




PART FIVE:  Contemporary Business Themes




Section 1:  Marketing


CASE STUDY  Lee Fennel, Gretchen A. Kalsow, and June West, Fingerhut’s Price Stategy,  University of Virginia Darden School Foundation, 2001.


Roger Crisp, Persuasive Advertising, Autonomy and the Creation of Desire,  Journal of Business Ethics, Reidel, 1987



Section 2:  The Environment


CASE STUDY  Emily Mead, Andrew Wicks, and Patricia Werhane, ExxonMobil and the Chad/Cameroon Pipeline,  University of Virginia Darden School Foundation, 2003.  (New)


Julian L. Simon, Scarcity or Abundance?  W. W. Norton and Company, 1994


Steven Kelman, Cost Benefit Analysis:  An Ethical Critique,  American Institute for Public Policy Research, 1981


William McDonough, A Boat for Thoreau, Business Ethics, 1998  (New)



Section 3:  Globalization


Mark Baker, Laura Hartman and Bill Shaw, Global Profits, Global Headaches,  Publisher, if any, not listed.  Copyright presumably held by authors, 1999.  (New)


C. K. Prahalad, Marketing from the Bottom of the Pyramid,  Wharton School Publishing, 2005  (New)


Ian Maitland, The Great Non-Debate Over International Sweatshops, British Academy of Management Annual Conference Proceedings, September, 1997  (New)