Preface xi   Introduction Chapter 1: Ethics and Business 1   Horatio Alger and Stock Options 1   The Myth of Amoral Business 3   The Relation of Business and Morality 5   Business Ethics and Ethics 9   The Case of the Collapsed Mine 18   Study Questions 20   Moral Reasoning In Business Chapter 2: Conventional Morality and Ethical   Relativism 21   Purchasing Abroad: A Case Study 21   The Levels of Moral Development 22   Subjective and Objective Morality 24   Descriptive Relativism 26   Normative Ethical Relativism 27   Moral Absolutism 31   Moral Pluralism 32   Pluralism and American Business 33   Pluralism and International Business 33   Pluralism, Business, and the Law 35   Business and Religious Ethics 36   Approaches to Ethical Theory 38 Study Questions 41   Chapter 3: Utility and Utilitarianism 43   An Airplane Manufacturing Case 43   Utilitarianism 43   Act and Rule Utilitarianism 47   Objections to Utilitarianism 50   Utilitarianism and Justice 52   Applying Utilitarianism 53   Utilitarianism and Bribery 56 Study Questions 60   Chapter 4: Moral Duty, Rights, and Justice 61   The Johnson Controls Case 61   Deontological Approaches to Ethics 62   Reason, Duty, and the Moral Law 63   Application of the Moral Law 67   Imperfect Duties, Special Obligations, and Moral Ideals 71   Rights and Justice 73   Study Questions 81   Chapter 5: Virtue Ethics and Moral Reasoning 82   The Case of Dora and Joe 82   Virtue 82   Applying Moral Reasoning 87   Study Questions 97   Chapter 6: Moral Responsibility: Individual and Corporate 98   The Love Canal Case 98   Moral Responsibility 99   Excusing Conditions 100   Liability and Accountability 104   Agent and Role Moral Responsibility 106   The Moral Status of Corporations and Formal   Organizations 108   Study Questions 112   Moral Issues in Business Chapter 7: Justice and Economic Systems 114   The Case of the Two Slaveholders 114   Moral Evaluation of Economic Systems 115   Moral Evaluation of Contemporary Systems 119   Economic Models and Games 120   A Capitalist Model 121   Capitalism and Government 125   A Socialist Model 128   Comparison of Models and Systems 130   Economic Systems and Justice 131   Study Questions 133   Chapter 8: American Capitalism: Moral or Immoral? 134   The Case of Bill Gates and Warren Buffet 134   The American Economic System 136   Relation of the American Government to the American   Economic System 138   The Marxist Critique 141   Non-Marxist Moral Critiques of American Capitalism 146   The Moral Defense of the American Free-Enterprise System 148   Non-Socialist Alternatives to Contemporary American Capitalism 152   Philanthropy 156   Study Questions 157   Chapter 9: The International Business System, Globalization, and Multinational Corporations 159   The WTO and Agriculture: A Case Study 159   Justice and the International Economic System 161   The Globalization of Business 164

Comprehensive, systematic coverage—Provides a wide range of issues in all areas of business, including marketing, finance, management, strategic planning, computer systems, and more. Provides students with the tools they’ll need to approach moral issues intelligently.Provides instructors with a flexible text, as they can emphasise the topics they choose.Moral reasoning in business, moral issues within the corporation, and ethics and international issues. Enables students to apply the standard ethical approaches in analysing issues, problems, and cases.Case studies—Open each chapter; these look at the ethical problems involved in an actual business situation. Gives students a real-life perspective.A global perspective. Enables students to learn much from ethical practices in industrialised nations.Solid pedagogy—Includes examples and study questions at the end of each chapter. Enhances students’ learning experience.

All the chapters have been updated, and both new chapters and new cases have been added. NEW chapter, Moral Responsibility: Individual and CorporateNEW chapter, Workers’ Rights and International BusinessChapter on finance and accounting redone in the light of the financial situation up through the spring of 2009.Chapters on the Information Age and on computers and the Internet have been updated.Chapters on international business have been updated and integrated into other sections in light of globalization.Takes into account significant new research that has appeared, as well as the pertinent developments in business and society.Many new references to material on the internet, which makes going to the sources cited much easier