Regulation, rent seeking, and business ethics

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Abstract

This chapter examines the different ways in which the appropriate role of business in a modern economy has been understood, and the implications for business ethics, the appropriate scope and nature of government regulation, and the legitimacy of rent seeking. We propose a new two-by-two typology of regulation and business ethics, based on different perspectives on the motivation of firms and whether market or government failure is considered most detrimental to the economy. Business ethics and regulation are then linked to rent seeking and the question of whether businesses should seek to shape regulation in accordance with their own interests.
Original languageEnglish
Title of host publicationThe Routledge Companion to Business Ethics
EditorsEugene Heath, Byron Kaldis, Alexei Marcoux
PublisherRoutledge
Chapter21
Pages359-375
Number of pages17
ISBN (Electronic)9781315764818
ISBN (Print)978113878956
Publication statusPublished - 19 Feb 2018

Publication series

NameRoutledge Companions
PublisherRoutledge

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