Business and games
Journal of Business Ethics · 1992 · Volume 11 · Issue 12
Abstract
This paper responds to the popular argument that business is like a game and is thus insulated from the demands of morality. In the first half of the paper, I offer objections to this argument as it is put forward by John Ladd in his well-known article, ‘Morality and the Ideal of Rationality in Formal Organizations.’ I argue that Ladd's analysis is flawed both because it deprives us of the ability to assert that a business is acting badly or that its goals are irrational, and because it is internally inconsistent. In the second half of the paper, I give reasons for thinking that business is not like a game.
Keywords
Economic Growth, Formal Organization, Popular Argument
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