Liberty and Responsibility in Business and Beyond: Business Ethics for Better or Worse


Businesses often feel duty bound to declare themselves in line with one or another program of social, environmental, or global stewardship. The conference explored these demands and measured them against the ethical demands already imposed by markets.


Conference Readings

Selby-Bigge, L.A., eds. British Moralists: Being Selections From Writers Principally of the Eighteenth Century, Vol. II. Oxford: Clarendon Press, 1897.

Acton, H. B. The Morals of Markets and Related Essays. Edited by David Gordon and Jeremy Shearmur. Indianapolis: Liberty Fund, Inc., 1993.

Bragues, George. “Business is One Thing, Ethics is Another: Revisiting Bernard Mandeville’s The Fable of the Bees.” Business Ethics Quarterly 15, no. 2 (April 2005): 179-203.

Brennan, Jason and Peter M. Jaworski. Markets without Limits: Moral Virtues and Commercial Interests. New York: Routledge, 2016.

Breyer, Friedrich and Joachim Weimann. “Of Morals, Markets and Mice: A Comment on Falk and Szech.” CESifo Working Paper 4745, Center for Economic Studies, Munich, April 2014. (7/28/2017).

Falk, Armin and Nora Szech. “Morals and Markets.” Science 340 (May 10, 2013): 707-711.

Freeman, R. Edward, “A Stakeholder Theory of the Modern Corporation” In Ethical Theory and Business, edited by Tom L. Beauchamp and Norman Bowie, 55-64. Upper Saddle River: Pearson (Prentice Hall), 2004.

Friedman, Milton. “The Social Responsibility of Business Is to Increase Profits.” New York Times Magazine (September 13, 1970): 1-6.

Friedman, Milton. Capitalism and Freedom: Fortieth Anniversary Edition. Chicago: University of Chicago Press, 2002.

Jensen, Michael C. “Value Maximization, Stakeholder Theory, and the Corporate Objective Function.” Business Ethics Quarterly 22, no. 2 (April 2002): 235-256.

Klein, Michael. Firms Behaving Nicely: Incentives and Commitment [forward by Colin Mayer]. Washington, DC: International Finance Corporation, 2013.

Koller, Tim, Marc Goedhart, and David Wessels. Valuation: Measuring and Managing the Value of Companies, 6th Edition. Hoboken, New Jersey: John Wiley and Sons, 2015.

Langley, Monika M. “Salesforce’s Marc Benioff has kicked off New Era of Corporate Social Activism.” The Wall Street Journal (May 2, 2016): 1-6.

Macey, Jonathan R. Corporate Governance: Promises Kept, Promises Broken. Princeton: Princeton University Press, 2008.

MBA Oath. “MBA Oath Short and Long Forms.” MBA Oath. (7/31/2017).

Sandel, Michael J. What Money Can’t Buy: The Moral Limit of Markets. New York: Farrar, Straus and Giroux, 2012.

Staley, Oliver. “Goldman Harvard Recruit Pledges to Do No Harm, Fights for Oath.” Bloomberg News Agency. (7/31/2017).