This book introduces a study of ethics and values to develop a deeper understanding of markets, business, and economic life. Its distinctive features include a thorough integration of personal and institutional perspectives; applied ethics and political philosophy; and philosophy, business, and economics.

Part 1 introduces a study of markets, property rights, and law. Part 2 examines the purpose and responsibilities of corporations. Parts 3 and 4 analyze economic life through the ethics and values of welfare and efficiency, liberty, rights, equality, desert, personal character, community, and the common good.

This Third Edition maintains the strengths of previous editions-short, digestible chapters and engaging writing that explains challenging ideas clearly. The material is easily adaptable with suggested course outlines, separable chapters, and flexible applications to case studies. This book is designed for interdisciplinary programs in philosophy, politics, and economics (PPE), as well as courses in business ethics.

Updates to the Third Edition include the:

• addition of a new Introductory chapter on the value of an ethical life
• coverage of developments in AI, including copyrights and patent implications, social media companies and CSR, ethical differences between AI and human personality, and impacts on meaningful work
• integration of recent scholarship, bringing discussions and references up to date
• improvement of the writing across all chapters, making the book easier to read
• addition of new material on the is-ought gap in Chapter 1 with revised discussion of personal and institutional points of view
• editing and repositioning of consequentialist and deontological ethics in Chapter 3
• revision of appendix for Instructors that includes different syllabi possibilities for different types of courses and brief teaching tips relevant for each chapter

The eBook of the Third Edition now includes hyperlinks (1) between when a term is first used in the main text and its definition in the Glossary and (2) between germane sections when they are cross-referenced.

Steven Scalet is Professor of Philosophy and Director of the Hoffberger Center for Ethical Engagement at the University of Baltimore, USA. Prior to Baltimore, Scalet was the Director of the Program in Philosophy, Politics, and Law at Binghamton University (SUNY), USA, where he received the Chancellor's Award for Excellence in Teaching. Scalet received his PhD in Philosophy and MA in Economics from the University of Arizona, USA. Scalet is the author of many articles and the editor of Morality and Moral Controversies: Readings in Moral, Social, and Political Philosophy, 10th Edition (Routledge, 2019).

About the Author

Steven Scalet is Professor of Philosophy and Director of the Hoffberger Center for Ethical Engagement at the University of Baltimore, USA. Prior to Baltimore, Scalet was the Director of the Program in Philosophy, Politics, and Law at Binghamton University (SUNY), USA, where he received the Chancellor's Award for Excellence in Teaching. Scalet received his PhD in Philosophy and MA in Economics from the University of Arizona, USA. Scalet is the author of many articles and the editor of Morality and Moral Controversies: Readings in Moral, Social, and Political Philosophy, 10th Edition (Routledge, 2019).

Reviews

"The 3rd Edition of Markets, Ethics, and Business Ethics offers a comprehensive introduction to the ethical, economic, and political study of markets, and of the people who affect and are affected by them. It speaks directly to students and readers, taking them on an intellectual journey through the diversity and complexity of ethical thought, without dumbing ideas down, or offering facile solutions. This latest edition extends itself to include current research discussions, such as the growth and implications of Artificial Intelligence in business. As such, it is an ideal text for students interested in Philosophy, Politics and Economics at both the undergraduate and graduate levels."

-Prof. David Silver, Chair of Business and Professional Ethics in the W. Maurice Young Centre for Applied Ethics, co-appointed to the Sauder School of Business at the University of British Columbia, Canada, author of 'Corporations and Persons: a theory of the firm in democratic society' (Forthcoming).

"Markets, Ethics, and Business Ethics, Third Edition, is still the go-to introductory text for classes in business ethics and Philosophy, Politics, Economics, and Law programs. Professor Scalet raises all the right issues and ethical questions, and he's always clear about why we're asking these questions in the first place. The book's integrative nature allows students to make connections between theory and practice in ways that will improve their own thinking and behavior in social and economic life."

-Terry L. Price, Coston Family Chair in Leadership and Ethics, Professor of Leadership Studies and PPEL, University of Richmond, USA.

"Steve Scalet's Markets, Ethics, and Business Ethics is the first Business Ethics textbook to take seriously the relationship between business, economics, and political theory. By setting the questions of business ethics in a broader context this book has improved student understanding and deliberation of the important issues it addresses.This is by far the best and most practically valuable business ethics text I have encountered."

-Prof. Clark Wolf, Professor of Philosophy and Political Science, Director of Bioethics, and Chair of Graduate Program in Sustainable Agriculture at Iowa State University, USA.

"The 3rd Edition of Markets, Ethics, and Business Ethics offers a comprehensive introduction to the ethical, economic, and political study of markets, and of the people who affect and are affected by them. It speaks directly to students and readers, taking them on an intellectual journey through the diversity and complexity of ethical thought, without dumbing ideas down, or offering facile solutions. This latest edition extends itself to include current research discussions, such as the growth and implications of Artificial Intelligence in business. As such, it is an ideal text for students interested in Philosophy, Politics and Economics at both the undergraduate and graduate levels."

- Prof. David Silver, Chair of Business and Professional Ethics in the W. Maurice Young Centre for Applied Ethics, co-appointed to the Sauder School of Business at the University of British Columbia, author of 'Corporations and Persons: a theory of the firm in democratic society' (Forthcoming).

"Markets, Ethics, and Business Ethics, Third Edition, is still the go-to introductory text for classes in business ethics and Philosophy, Politics, Economics, and Law programs. Professor Scalet raises all the right issues and ethical questions, and he's always clear about why we're asking these questions in the first place. The book's integrative nature allows students to make connections between theory and practice in ways that will improve their own thinking and behavior in social and economic life."

- Terry L. Price, Coston Family Chair in Leadership and Ethics, Professor of Leadership Studies and PPEL, University of Richmond, USA.

"Steve Scalet's Markets, Ethics, and Business Ethics is the first Business Ethics textbook to take seriously the relationship between business, economics, and political theory. By setting the questions of business ethics in a broader context this book has improved student understanding and deliberation of the important issues it addresses.This is by far the best and most practically valuable business ethics text I have encountered."

- Prof. Clark Wolf, Professor of Philosophy and Political Science, Director of Bioethics, and Chair of Graduate Program in Sustainable Agriculture at Iowa State University, USA.

Book Information
ISBN 9780367704629
Author Steven Scalet
Format Hardback
Page Count 320
Imprint Routledge
Publisher Taylor & Francis Ltd