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Some ethical consequences of economic competition

James H. Michelman

Journal of Business Ethics · 1983 · Volume 2 · Issue 2

DOI: 10.1007/BF00381697

Abstract

Commonly accepted dictates of morality clash with the a priori laws of free economic competition. These divergent directives — that stem from the essence of their sources and cannot be changed or negated without altering their sources — contradict each other and so set up conflicts of the most fundamental kind in men's psyches (or souls). In addition, this clash of moralities implies a most serious question respecting real freedom under a system of so-called free-enterprise. For, if in order to thrive, we must perform actions that at the same time violate our own moral self respect, we cannot call ourselves free.

Keywords

Economic Growth, Ethical Consequence, Economic Competition, Fundamental Kind, Real Freedom

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