My essay on “Ayn Rand and Contemporary Business Ethics” is available in e-book format. The essay has gotten very good mileage, so to speak, since being first published in The Journal of Accounting, Ethics & Public Policy. It has been translated into German, Portuguese, Spanish, and Korean, and in English it is available at the […]
*Ayn Rand and Contemporary Business Ethics* — e-book version Read More »
First, a healthy way to think about trade: Canada produces more and better maple syrup and high quality copper than the USA does. Yet the USA’s California wines are better than Canadian wines and the USA produces more hickory lumber than Canada does. So, Americans get more of their maple syrup and copper from Canada
Tariffs as tit-for-tat revenge Read More »
The ethics of altruism [from the Latin, alter-ism or other-ism] holds that others are the standard of value. One is good to the extent one puts the interests of others first, acts to achieve their interests, and, when necessary, sacrifices one’s interests for their sake. In The Fountainhead, Ellsworth Toohey is the major strategist of
Toohey’s five strategies of altruism Read More »
My video lecture on the Federal Communications Commission’s controversial “Fairness Doctrine,” part of the Business Ethics Cases series. Contents:1. The early days of radio and a tragedy of the commons.2. What is fairness? Two competing answers.3. The argument for the “Fairness Doctrine.”4. The argument against the “Fairness Doctrine.”5. Related issues: whether politics is special, whether
Telecommunications — the FCC’s ‘Fairness Doctrine’ [Business Ethics Cases series] Read More »
Did the death of one man in Mongolia affect the entire course of European history since the 1200s? Here’s the context: In 1227, Genghis Khan’s son Ogedai became head of the Mongolian empire, which at that time included much of northern China, southeastern Russia, and Persia. Ogedai sent one of his generals, Tsubodai (or Subotai),
The Mongols and modern European history Read More »
In his essay “To Perpetual Peace: A Philosophical Sketch,” Kant wrote that “the spirit of commerce, which is incompatible with war, sooner or later gains the upper hand in every state.” Yet Kant was not a friend of the spirit of commerce, which he associated with the Jews, whom he despised as “immoral and vile”
Is commerce rendering war obsolete? Read More »
Piggybacking on economist David Henderson’s fun-with-a-point post, “I Was a Chinese Laborer,” about rules designed to limit how much overtime Chinese workers are allowed at Apple’s and other companies’ factories. The goal is “to bring its factories within China’s legal limits of 40 hours of work per week and 36 hours maximum overtime per month
I too was an exploited worker Read More »
One regularly reads or hears condemnations of the power of business corporations in the modern world. So let’s think about the nature of power. Witness Warren Buffett. Buffett is currently the sixth richest man in the world and head of the powerhouse Berkshire Hathaway corporation. I’m not a fan of his political or economic views,
Anecdote: Warren Buffett and the power of corporations Read More »