Philosophy 2074F/G Lecture Notes - Lecture 3: Fallacy, Richard Rorty, Open-Question Argument

• School: Western University
• Department: Philosophy
• Course: Philosophy 2074F/G
• Professor: Dean Proessel

Document Summary

X is an ethical decision" no business content: the notion that business decisions have no ethical content is a fallacy of reasoning, and freeman attempts to demonstrate this by means of the open question argument. Although friedman does factor ethics into his account insofar as he stipulates that business must comply with the law and ethical custom, ethics is conceived as a side constraint on business. For freeman, on the other hand, ethics should be directly integrated into corporate decision-making. Managing for stakeholders: the stakeholder approach understands business as consisting of a set of. This includes government, the media, special interest groups, consumer advocate groups and others. In short: managing for stakeholders is about creating as much value as possible for stakeholders, without resorting to tradeoffs. Humanity argument: managers must understand that business is fully situated in the realm of humanity. (emphasis mine, as he says: Businesses are human institutions populated by real live complex human beings.