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Morality, Competition, and the Firm


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Table of Contents

Acknowledgements ; Introduction ; Part 1: The Corporation and Society ; 1. A Market Failures Approach to Business Ethics ; 2. Stakeholder Theory, Corporate Governance and Public Management (with Wayne Norman) ; 3. Business Ethics Without Stakeholders ; 4. An Adversarial Ethic for Business: or, When Sun-Tzu met the Stakeholder ; 5. Business Ethics and the 'End of History' in Corporate Law ; Part 2: Cooperation and the Market ; 6. Contractualism: Micro and Macro ; 7. Efficiency as the Implicit Morality of the Market ; 8. The History of the Invisible Hand ; 9. The Benefits of Cooperation ; Part 3: Extending the Framework ; 10. The Uses and Abuses of Agency Theory ; 11. Business Ethics and Moral Motivation: a Criminological Perspective ; 12. Business Ethics After Virtue ; 13. Reasonable Restrictions on Underwriting ; Bibliography ; Index

About the Author

Joseph Heath is a Professor in the Department of Philosophy as well as the School of Public Policy and Governance at the University of Toronto. He is the author of numerous scholarly works, including Communicative Action and Rational Choice (2001) and Following the Rules (2008). In 2012 he was appointed a fellow of the Trudeau Foundation.


Undergraduate and graduate students in business and society courses might be well served by focusing on these two sections of the book; later chapters balance the text by delving further into details for those desiring much greater depth or conducting research on the subject. There is also an outstanding bibliography ... Highly recommended. * Choice *
... Morality, Competition, and the Firm is a rich anthology. Itas a tour-de-force of political economy, corporate governance, and business ethics. It contains powerful critiques of virtue ethics and the misuse of moral psychology by other business ethicists. It is valuable reading for anyone interested narrowly in business ethics, but also more broadly in political philosophy or the intersection of politics, philosophy, and economics. * Jason Brennan, Kennedy Institute of Ethics Journal *
...the book is well worth engaging by anyone interested in economics, agency theory, fiduciary concerns, public policy, corporate governance, and of course, business ethics. Heath is to be commended for this provocative book, explaining a provocative approach to business ethics (market failures approach) that sees as its guiding star the always elusive Pareto-optimal market conditions. I know it has informed my own approach to how I will teach stakeholder theory, theory of the firm, and competition in future courses. * Notre Dame Philosophical Reviews Online *

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