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Lies and Capitalism

Published online by Cambridge University Press:  23 January 2015

Denis Collins
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Extract

The moral foundation of capitalism holds that the wealth of a nation is enhanced (utilitarianism) by providing individuals with the freedom and liberty to do what comes natural, pursuing their own self-interests (egoism). When alignment between individual interests and general welfare is achieved, even if unintentionally achieved, minimum paternalistic governmental oversight and intervention is needed.

Type
Review Article
Information
Business Ethics Quarterly , Volume 17 , Issue 3 , July 2007 , pp. 563 - 572
Copyright
Copyright © Business Ethics Quarterly 2007

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References

Berle, Adolf A., and Gardiner, C. Means. 1932/2002. The Modern Corporation and Private Property. New Brunswick, N.J.: Transaction.Google Scholar
Levitt, Arthur, and Paula, Dwyer. 2002. Take on the Street: What Wall Street and Corporate America Don't Want You to Know. New York: Pantheon Books.Google Scholar
Smith, Adam. 1759/1976. The Theory of Moral Sentiments. Indianapolis: Liberty Classics.CrossRefGoogle Scholar