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Overview

Revised and updated to meet the ethical challenges of today's business world, Ethical Theory and Business presents a collection of readings that includes historical as well as contemporary material. Chapters offer thoughtfully collected essays, legal perspectives, and court cases that give readers a basis for understanding the latest developments in business ethics scholarship, analysis, and decision making. In addition to presenting the fundamental concepts and problems of business ethics, normative ethical theory, and the analysis of cases, the Fifth Edition of Ethical Theory and Business examines issues such as corporate social responsibility; business self-regulation versus government regulation; consumer, occupational, and environmental risk; drug testing; whistleblowing; affirmative action; reverse discrimination; sexual harassment; deception in advertising; ethical issues in international business; and social and economic justice.
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Product Details

  • ISBN-13: 9780133985207
  • Publisher: Prentice Hall Professional Technical Reference
  • Publication date: 9/28/1996
  • Edition description: Older Edition
  • Edition number: 5
  • Pages: 661
  • Product dimensions: 7.00 (w) x 9.23 (h) x 1.21 (d)

Read an Excerpt

PREFACE:

Preface

We are delighted that Ethical Theory and Business has continued into the new millennium. The continued good fortune of this book is made possible by the many comments and suggestions that loyal readers have given us over more than a quarter of a century.

As the field of business ethics has matured, there has been an increased stability in the topics discussed. Nonetheless, the field is moving forward and we try to select readings that reflect those changes. Several changes simply update the discussion of topics in earlier editions. We do note that philosophers are taking empirical work in the field more seriously and that turn of events is reflected in some of the readings that we have chosen. Two of the areas where change is most noticeable are in the areas of employee rights and international business ethics. Advances in technology have increased the pressures on business to use that technology to improve the bottom line even if it comes at the cost of violating privacy. We have added an article on the electronic surveillance of employees and another article on the use of genetic testing in hiring decisions. In the international arena, discussions of bribery are not limited to the implications of the Foreign Corrupt Practices Act. In addition the alleged sweatshop conditions in factories that supply the developed world with cheap textiles and other goods have become a concern on college campuses and in the business press. Thoughtful people are also asking whether the western industrialized version of capitalism will work everywhere, and some even wonder if capitalism has a contribution to make in the less developed countries.These issues are introduced in the chapter on international business ethics.

As we enter a new decade, we are not sure which topics in business ethics will receive the most attention. We might speculate that the present concern about genetically altered foods in Europe might become a concern in the U.S. as well. However, as the field develops, we pledge that we will continue to reflect those changes in future editions.

As in the past, several persons deserve special recognition for their assistance in preparing this edition. Three anonymous reviewers provided Prentice Hall and us with valuable suggestions for updating the book. In addition we are thankful for the comments of Denis Arnold, Thomas Carson, Michael DeWilde, Mark W. Matthews, and Barbara McGraw.

In this edition, we have been ably assisted by Padma Shah, Mark Gaspers, and Michael Hammer—three student research assistants who exceeded their duties in searching data bases, locating new materials, and suggesting many changes to make the book useful for students. Special thanks go to Scott Reynolds, a doctoral candidate in business ethics at the University of Minnesota, who has provided library research, editorial assistance, and obtained permission to reprint many of the articles in this edition. Permission for the other articles was obtained by Moheba Hanif, who worked on manuscript preparation from the beginning of the project and made manuscript corrections for five of the nine chapters.

Tom L. Beauchamp
Norman E. Bowie

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Table of Contents

Preface
Ch. 1 Ethical Theory and Business Practice 1
Ch. 2 The Purpose of the Corporation 45
Ch. 3 Corporate Character and Individual Responsibility 95
Ch. 4 Acceptable Risk 166
Ch. 5 Ethical Treatment of Employees 257
Ch. 6 Diversity and Discrimination in the Workplace 325
Ch. 7 Marketing and the Disclosure of Information 401
Ch. 8 Ethical Issues in Information Technology 469
Ch. 9 Ethical Issues in International Business 532
Ch. 10 Social and Economic Justice 630
Suggested Supplementary Readings 684
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Preface

PREFACE:

Preface

We are delighted that Ethical Theory and Business has continued into the new millennium. The continued good fortune of this book is made possible by the many comments and suggestions that loyal readers have given us over more than a quarter of a century.

As the field of business ethics has matured, there has been an increased stability in the topics discussed. Nonetheless, the field is moving forward and we try to select readings that reflect those changes. Several changes simply update the discussion of topics in earlier editions. We do note that philosophers are taking empirical work in the field more seriously and that turn of events is reflected in some of the readings that we have chosen. Two of the areas where change is most noticeable are in the areas of employee rights and international business ethics. Advances in technology have increased the pressures on business to use that technology to improve the bottom line even if it comes at the cost of violating privacy. We have added an article on the electronic surveillance of employees and another article on the use of genetic testing in hiring decisions. In the international arena, discussions of bribery are not limited to the implications of the Foreign Corrupt Practices Act. In addition the alleged sweatshop conditions in factories that supply the developed world with cheap textiles and other goods have become a concern on college campuses and in the business press. Thoughtful people are also asking whether the western industrialized version of capitalism will work everywhere, and some even wonder if capitalism has a contribution to make in the less developedcountries.These issues are introduced in the chapter on international business ethics.

As we enter a new decade, we are not sure which topics in business ethics will receive the most attention. We might speculate that the present concern about genetically altered foods in Europe might become a concern in the U.S. as well. However, as the field develops, we pledge that we will continue to reflect those changes in future editions.

As in the past, several persons deserve special recognition for their assistance in preparing this edition. Three anonymous reviewers provided Prentice Hall and us with valuable suggestions for updating the book. In addition we are thankful for the comments of Denis Arnold, Thomas Carson, Michael DeWilde, Mark W. Matthews, and Barbara McGraw.

In this edition, we have been ably assisted by Padma Shah, Mark Gaspers, and Michael Hammer—three student research assistants who exceeded their duties in searching data bases, locating new materials, and suggesting many changes to make the book useful for students. Special thanks go to Scott Reynolds, a doctoral candidate in business ethics at the University of Minnesota, who has provided library research, editorial assistance, and obtained permission to reprint many of the articles in this edition. Permission for the other articles was obtained by Moheba Hanif, who worked on manuscript preparation from the beginning of the project and made manuscript corrections for five of the nine chapters.

Tom L. Beauchamp
Norman E. Bowie

Read More Show Less

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