Fair markets
The paper challenges a minimalist strategy in business ethics that maintains “if it's legal, it's moral.” In hard cases, judges decide legal issues by appealing to moral ideals. Investigation shows that the bedrock concept is fairness. Often judges define fairness in terms of non-coerciven...
| Main Author: | |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Interlibrary Loan: | Interlibrary Loan for the Fachinformationsdienste (Specialized Information Services in Germany) |
| Published: |
1988
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| In: |
Journal of business ethics
Year: 1988, Volume: 7, Issue: 1, Pages: 89-98 |
| Further subjects: | B
Legal Issue
B Bargaining Power B Business Ethic B Bedrock Concept B Economic Growth |
| Online Access: |
Volltext (lizenzpflichtig) |
| Summary: | The paper challenges a minimalist strategy in business ethics that maintains “if it's legal, it's moral.” In hard cases, judges decide legal issues by appealing to moral ideals. Investigation shows that the bedrock concept is fairness. Often judges define fairness in terms of non-coerciveness or equality of bargaining power. The prudent manager must look beyond the legal department to the ethical notion of fairness. Moreover, if the courts were to consistently appeal to non-coerciveness and equality of bargaining power, some practices now considered morally acceptable would be neither moral nor legal. |
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| ISSN: | 1573-0697 |
| Contains: | Enthalten in: Journal of business ethics
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| Persistent identifiers: | DOI: 10.1007/BF00382002 |