v1n5: Martin on NormanPosted: February 25, 2013
“The Unification Challenge” by Dominic Martin
A COMMENT ON Wayne Norman (2011), “Business Ethics as Self-Regulation: Why Principles That Ground Regulations Should Be Used to Ground Beyond-Compliance Norms as Well,” J Bus Ethics 102(1): 43-57, http://dx.doi.org/10.1007/s10551-011-1193-2
Abstract: Wayne Norman argues that there should be more similarity or unity between the justifications for markets and the extra-legal norms that apply to market agents. I question two aspects of his claim. First, why does Norman refer to this view as a view about the self-regulation of market agents? Agents could self-regulate with many different norms, not necessarily norms informed by the justifications for markets. Second, asking for more similarity might create problems in terms of the liberty of market agents to pursue other morally relevant objectives. How are we to balance these other relevant objectives and the objectives of markets?
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