Meeting Goodpaster's challenge: a Smithian approach to Goodpaster's paradox

Gray, David and Clarke, Peter (2005) Meeting Goodpaster's challenge: a Smithian approach to Goodpaster's paradox. Business Ethics: A European Review, 14 (2). pp. 119-126. ISSN 0962-9770

Full text not available from this repository.

Official URL: http://dx.doi.org/10.1111/j.1467-8608.2005.00396.x

Abstract

Goodpaster identifies a paradox in corporate decision-making where it appears unethical to raise the status of non-owner-stakeholders to that of shareholders, whereas it is also unethical not to. In addressing his own paradox, he suggests that allowing managers to make ethical decisions within the ambit of the consciences of the shareholders, the shareholders' position is maintained but the interests of non-owner- stakeholders are considered inequitably in the generation of a strategic direction. It is suggested that there is a weakness in his case. We argue that Adam Smith's impartial spectator provides a potentially more complete solution to Goodpaster's problem in that, being sympathetic to the feelings of others, all stakeholders share the burden of seeking to achieve an ethically desirable outcome

Item Type:Article
Additional Information:Goodpaster identifies a paradox in corporate decision-making where it appears unethical to raise the status of non-owner-stakeholders to that of shareholders, whereas it is also unethical not to. In addressing his own paradox, he suggests that allowing managers to make ethical decisions within the ambit of the consciences of the shareholders, the shareholders' position is maintained but the interests of non-owner- stakeholders are considered inequitably in the generation of a strategic direction. It is suggested that there is a weakness in his case. We argue that Adam Smith's impartial spectator provides a potentially more complete solution to Goodpaster's problem in that, being sympathetic to the feelings of others, all stakeholders share the burden of seeking to achieve an ethically desirable outcome
Keywords:Business ethics
Subjects:N Business and Administrative studies > N100 Business studies
Divisions:College of Social Science > Lincoln Business School
ID Code:553
Deposited By: Bev Jones
Deposited On:22 Jun 2007
Last Modified:18 Jul 2011 16:12

Repository Staff Only: item control page