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Perfect Markets and Easy Virtue: Business Ethics and the Invisible Hand

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ISBN: 978-1-557-86248-8

February 1992

Wiley-Blackwell

148 pages

Description

How businesses affect economies and societies

Can companies operate with social responsibility? Perfect Markets and Easy Virtue: Business Ethics and the Invisible Hand scrutinizes the effects of a competitive business market on society. It proposes that perfect competition encourages the creation of products with lower quality by firms that find it hard to be socially responsible. The book also offers potential solutions for the issues businesses are facing, such as being competitive and environmentally friendly.