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The Environment and Business Ethics

In: Business Ethics

Author

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  • Norman Barry

Abstract

Perhaps the most important ethical assault in recent years on the ethics of market capitalism has come from the environmental movement It is assumed that the particular motivations of capitalism, self-interest and the desire for profit, must necessarily lead to a lack of concern for the environment, since each individual transactor cannot be expected to take care of a matter about which he has no immediate interest Naturally the business community, and especially large-scale corporations, are assumed to be the major (indeed the only) culprits in the phenomenon of environmental depredation. Most of the ethical critics of business seem unaware of the direct role of government in the destruction of wildlife and damage to the atmosphere.1 Equally important is its indirect role in these phenomena through its failure to provide the right incentive structure for the reconciliation of private and public interests.

Suggested Citation

  • Norman Barry, 1998. "The Environment and Business Ethics," Palgrave Macmillan Books, in: Business Ethics, chapter 7, pages 148-168, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12386-5_7
    DOI: 10.1007/978-1-349-12386-5_7
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