Market participation, self-respect, and risk tolerance
How important is the experience of risk in business endeavors for self-respect and moral development? Tomasi prompts this question with his attempt to reconcile Rawls's theory of justice as fairness with free-market capitalism, by claiming that economic activity is a way for people to exercise...
Authors: | ; |
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Format: | Electronic Article |
Language: | English |
Check availability: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Published: |
Springer
2024
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In: |
Journal of business ethics
Year: 2024, Volume: 189, Issue: 3, Pages: 591-602 |
Further subjects: | B
Cooperation
B Entrepreneurship B Aufsatz in Zeitschrift B Risk |
Online Access: |
Volltext (kostenfrei) Volltext (kostenfrei) |
Summary: | How important is the experience of risk in business endeavors for self-respect and moral development? Tomasi prompts this question with his attempt to reconcile Rawls's theory of justice as fairness with free-market capitalism, by claiming that economic activity is a way for people to exercise their autonomy, responsibility, and self-authorship, including through voluntary risk-taking. Critics argue that the social environment generated through market institutions is ill-suited for developing a sense of responsibility and autonomy among citizens. We refine the case for economic liberty by looking at the link between risk-taking and attitudes toward democratic citizenship. We highlight the critical role of ethical business practice as a contributor to the stability of liberal-democratic societies. |
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ISSN: | 1573-0697 |
Contains: | Enthalten in: Journal of business ethics
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Persistent identifiers: | DOI: 10.1007/s10551-023-05396-y |