Philosophy 2074F/G Lecture Notes - Lecture 1: Richard Epstein, Tibor R. Machan, Informal Sector
14 Apr 2016
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Amartya sen, does business ethics make economic sense? . Undermine the idea the business ethics is an oxymoron. Reminds us that business ethics does make economic states and tries to defeat the view of smith (moivated by self interest to trade with others) but that doesn"t force due- jusice of exchange, distribuion. The marketplace is only as good as the people in it. Invisible hand doctrine (self interest translated into good for society) works when it takes the form of society. Focus on: irm as a public good and what that means. And why moivate for exchange is important but exhausted and why he thinks smith is a moral philosopher. Public good: a good that by you having it, doesn"t exclude others from having it (eg. air) (combined beneits need to be compared with the cost of producion market mechanism (based on proit) funcions badly) Examples and treat the other as an end not a means.
