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Spring 2009
ISSN 0890-913X
Volume 24, Number 2

Retrieving Business Ethics from Political Philosophy

Alexei M. Marcoux, Loyola University Chicago
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TheJournalofPrivateEnterprise24(2),2009,21-33RetrievingBusinessEthicsfromPoliticalPhilosophyAlexeiM.Marcoux*LoyolaUniversityChicagoAbstractAcademicbusinessethicsisinthethrallofnormativepoliticalphilosophy.Asaconsequence,thecontentofacademicbusinessethicsisanomalousinthehistoryofmoralreflectiononcommerce,irrelevanttothevastmajorityofbusinesspeopleintheworld,andtoograndiosetoaddressfruitfullydoingbusinessethicallyatthelevelmostbusinessisdone.Businessethicscanberetrievedbyrefocusingontheactivityofdoingbusiness,elucidatingprinciplesofactionthataremodestinaimandinwhichthebusinesspersoncanhaveacorrespondingconfidence.JELCode:M14Keywords:Business;Contract;Ethics;Normative;Philosophy;PoliticalI.IntroductionMytitlecommitsmetoconvincingthereaderofthreepropositions.First,businessethicsasanobjectofuniversityteachingandresearchhasbeencapturedbyorisinthethrallofanotheracademicdiscipline,normativepoliticalphilosophy.Second,thisisaharmfuloratleastsuboptimalstateofaffairsaboutwhichbusinesspeople,universityacademics,thepublicatlarge,orsomecombinationoftheseshouldbeconcerned.Third,thereexistsacompellingalternativetobusinessethicsscapturebyorthrallwithnormativepoliticalphilosophytowardwhichbusinesspeople,universityacademics,the*IwishtothankLoyolaUniversityChicagoanditsGraduateSchoolofBusinessforaperiodofsabbaticalleavecontributingtotheresearchandcompletionofthispaper.ThanksareduealsotoLibertyFund,Inc.forfavoringmewitharesidentscholarshipduringFall2008,facilitatingthepaperscompletion.MythanksgofinallytoNicholasCapaldiandDougRasmussenforhelpfulcommentsonanearlierdraft,toDougRasmussenagainfororganizingthesymposiumoutofwhichthispaperemerges,andtotheeditorsofthisjournalforreasonstooobvioustomention.Responsibilityforerrorsismine.21
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