Lecture 1 Ethics


but what about labour, investor, retailer, etc relations?



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Ethics PHIL 2203 NOTES
but what about labour, investor, retailer, etc relations?
➔ capitalism is meant to apply in all sub-markets. Firms operate in multiple sub-markets win the market. Labour the firm offers (supplies) employment contracts which potential employees compete for. Product potential consumers compete for goods/services supplied by firm Financial potential investors compete for the firm’s stock/bonds Community the firm may generate tax revenues which communities may compete for (by offering infrastructure deals)







What needs protection (summum bonum)
Mill – happiness Kant – humanity logic
Gauthier – agreements Smith – invisible hand and the free market

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