MGX5020: Business ethics in a global environment
Limits of the Market:
Your Tutor (me)
– 9903 4065
– Building N Level 5 Room 14
Week 8 Lecture
• Environmental Responsibility
– Agriculture; Water; Air; Climate Change; and Nuclear Energy
• Who should pay the costs?
> Firms are required by law to meet prescribed environmental
> Government provides firms with a tax break for purchasing and
using pollution-control equipment
– Pricing Mechanisms
> Programs designed to charge firms for the amount of pollution they
• Does nature have a value? And does it have rights?
Guided Reading Activities
Weeks 2-11 (Only 2 to go!)
Need to submit at least 8 of 10
Handed in to Cristina
Put your name, my name, your student number and
class time on the front
• Info on Moodle
Week 9 Lecture
1. Key elements of Confucianism as ethical doctrine
Reciprocity and Collective enhancement
2. Business and virtue in Confucianism
Similarities to Kantian ethics
3. Influences of Confucianism on current business
Contributions to Chinese business ethics
Organ market in Pakistan
1. How do you feel about the donation of cadaveric organs?
2. How to you feel about the sale of cadaveric organs? Why?
3. How do you feel about the donation of live organs? Why?
4. How do you feel about the sale of live organs? Why?
Commodification of the Market
Intrinsically, i.e. we value them because we think they have
characteristics or significance that is particular to them and cannot
be substituted by another similar thing?
Instrumentally, i.e. we value them as far as they are useful/
instrumental to our lives?
In exchange, i.e. we value them to the extent that they may be
exchanged with other things?
Distinction between 1 and 2: Objectification
Distinction between 2 and 3: Commodification
Commodification of the Market
• What things do you consider acceptable to buy and
• What are items have intrinsic value, value-in-use
• Is there anything that you think should not be
bought or sold?
– What is the reason you feel that these should not be
bought or sold
Sacralisation – Walzer’s blocked exchanges
Walzer argues that the sales of the following should never take place.
Why do you think he thinks these should not be bought and sold?
1. Human beings
2. Political power and influence
3. Criminal justice
4. Freedom of speech, press and religion
5. Marriage and procreation
6. The right of exit from a community
7. Exemption from military service
8. Political office
9. Basic welfare services (e.g. police protection, primary and secondary schooling)
10. Desperate exchanges
11. Prizes and honours
12. Divine grace
13. Love and friendship
Business and the Sacred
Contrast the western conception of property rights (e.g. individual, and
earned by changing or ‘improving it’ with the Aboriginal Australian
conception of land.
a. How do they significantly differ?
b. Should significant Aboriginal lands be bought and sold? Should they
be mined or developed?
c. Would your answer to the same question differently if we were
discussing Temple Mount? Golgatha? Makkah? Kapilavastu?