In the economic literature on the firm, especially in the transaction–cost tradition, a sharp distinction is drawn between so-called “market transactionsâ€\x9D and “administered transactions.â€\x9D This distinction is of enormous importance for business ethics, since...

In this chapter, Joseph Heath argues that we tend to overestimate the contribution that further productivity growth will make to the welfare of Canadians. Traditionally, productivity growth was thought to contribute to increased leisure time, greater consumer satisfaction, the elimination of...

For centuries, philosophers have been puzzled by the fact that people often respect moral obligations as a matter of principle, setting aside considerations of self-interest. In more recent years, social scientists have been puzzled by the more general phenomenon of rule-following, the fact that...

Ronald Dworkin’s argument for resource egalitarianism has as its centerpiece a thought experiment involving a group of shipwreck survivors washed ashore on an uninhabited island, who decide to divide up all of the resources on the island equally using a competitive auction. Unfortunately,...