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Klappentext Taking Sides volumes present current controversial issues in a debate-style format designed to stimulate student interest and develop critical thinking skills. Each issue is thoughtfully framed with "Learning Outcomes, " an "Issue Summary, " an "Introduction, " and an "Exploring the Issue" section featuring "Critical Thinking and Reflection, Is There Common Ground?, " and "Additional Resources." Taking Sides readers also offer a "Topic Guide" and an annotated listing of "Internet References" for further consideration of the issues. An online Instructor's Resource Guide with testing material is available for each volume. "Using Taking Sides in the Classroom" is also an excellent instructor resource. Visit www.mhhe.com/takingsides for more details. Inhaltsverzeichnis Table of Contents Taking Sides: Clashing Views in Business Ethics and Society Thirteenth Edition Unit: Capitalism and the Corporation Issue: Can Capitalism Lead to Human Happiness?YES: Adam Smith, from An Inquiry Into the Nature and Causes of the Wealth of Nations (vols. 1 and 2b, 1869)NO: Karl Marx and Friedrich Engels, from The Communist Manifesto (1848)"If we will but leave self-interested people to seek their own advantage," Adam Smith (1723--1790) argues, "the result, unintended by any one of them, will be the greater advantage of all. No government interference is necessary to protect the general welfare." "Leave people to their own self-interested devices," Karl Marx (1818--1883) and Friedrich Engels (1820--1895) reply, "and those who by luck and inheritance own the means of production will rapidly reduce everyone else to virtual slavery. The few may be fabulously happy, but all others will live in misery." Issue: Is Risk the Best Theory for Capitalism?YES: Simon Johnson and James Kwak, from "The New World of Financial Risk," Financial Executive (January/February 2009)NO: Barry Eichengreen, from "The Last Temptation of Risk," The National Interest (May/June 2009, pp. 8--14)Simon Johnson and James Kwak argue that risk always has been and always will be a vital ingredient in the making of profits. They explain that when imprudent risks are taken whether in life or in business, the consequences can be harmful for many, not just the risk taker. The consequences of bad risks do not change their views on the value of risk in business. Barry Eichengreen believes that economists have overrated risk as the essential feature for a successful business. He believes much of the economic collapse of 2008 was caused by inappropriate risks that perhaps economic theories sanctioned, but should have never been practiced. Issue: Is Increasing Profits the Only Social Responsibility of Business?YES: Milton Friedman, from "The Social Responsibility of Business Is to Increase Its Profits," The New York Times Magazine (September 13, 1970)NO: Peter Karoff, from "The First Rule of Corporate Social Responsibility Is Not What You Think," Stanford Social Innovation Review (December 10, 2012)Milton Friedman argues that businesses have neither the right nor the ability to make social responsibility a priority. Profit making must be the priority. Businesses serve employees and customers best when they do their work with maximum efficiency. The only restrictions on the pursuit of profit that Friedman accepts are the requirements of law and the "rules of the game" ("open and free competition without deception or fraud"). Peter Karoff believes that even in the absence of legal requirements, businesses must ensure that their products are safe and healthy. They must be just, practicing fairness in their dealings with vendors, customers, employees, and fellow citizens. Like other citizens who have prospered, they may fairly be expected to "give back" to the community in return for its protections and encouragements, in the form of support for charity, the schools and colleges, and the arts. Issue: Can Ethics Codes Build "True" Cor...
