Business Ethics

Corruption—Is It Worse in Free or Government-Regulated Markets? [Good Life series]

Bad things happen in free markets. Some people lie, cut corners, commit fraud, and write bad checks. Others renege on contracts, offer or accept bribes, give kickbacks, embezzle, and more. Often this translates into an argument for government regulation. Free markets maximize liberty, the argument runs, so they give much more scope to immoral individuals,

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Engineering Ethics talk in Chile — report

Here’s a report (in Spanish) on my lecture at Universidad Adolfo Ibáñez in Santiago, Chile, to a group of engineering students and faculty. Thank you to Professor Ruth Murrugarra for inviting me. I also did a short follow-up interview (in English) with Andrea Millar Bruna, posted here: AMB: Which are the essential skills for success

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Lecture tour in Chile, August 2016

Over the next two weeks, I’m giving five talks in Santiago and one in Puerto Montt, Chile August 16, Faculty of Economics, University of Chile. “Ethics for Entrepreneurial Business Leaders.” (Drawing on my article “What Business Ethics Can Learn from Entrepreneurship.”) August 17: Universidad Adolfo Ibáñez: “Why Entrepreneurial Engineers Have Been This Generation’s Unacknowledged Ethical Leaders.” August 17:

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How to Discriminate Properly [Good Life series]

Irrational and unjust discrimination in the workplace deserves exposure and condemnation. But what about rational discrimination? Consider the following cases. * You are the chair of the hiring committee for a new president of a historically-black college. So you discriminate in favor of black candidates and against non-black candidates. * You are the owner of

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Good Monopoly, Bad Monopoly: When Are Monopolies Actually a Problem? [Good Life series]

Let me give you some examples of monopolies and ask: Which are good and which are bad? 1. Megan and Ramon begin dating and become enraptured of each other. Soon they are monopolizing each other’s time and decide to form a lifetime, exclusive relationship. 2. A town in a remote area has a few stores

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