Jump to ContentJump to Main Navigation
Morality, Competition, and the Firm – The Market Failures Approach to Business Ethics - Oxford Scholarship Online
Users without a subscription are not able to see the full content.

Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics

Joseph Heath


In this collection of essays, the author provides a compelling new framework for thinking about the moral obligations that private actors in a market economy have toward each other and to society. In a sharp break with traditional approaches to business ethics, the author argues that the basic principles of corporate social responsibility are already implicit in the institutional norms that structure both marketplace competition and the modern business corporation. In four new and nine previously published essays, the author articulates the foundations of a “market failures” approach to busine ... More

Keywords: moral obligations, private actors, market economy, business ethics, moral concerns, capitalism, corporate law, economic regulation, welfare state

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780199990481
Published to Oxford Scholarship Online: May 2015 DOI:10.1093/acprof:osobl/9780199990481.001.0001


Affiliations are at time of print publication.

Joseph Heath, author
Professor, University of Toronto