Description

Book Synopsis

How businesses affect economies and societies

Can companies operate with social responsibility? Perfect Markets and Easy Virtue: Business Ethics and the Invisible Hand scrutinizes the effects of a competitive business market on society. It proposes that perfect competition encourages the creation of products with lower quality by firms that find it hard to be socially responsible. The book also offers potential solutions for the issues businesses are facing, such as being competitive and environmentally friendly.



Table of Contents
(Almost) perfect competition (contestability) and business ethics; "perfect" market forms and intertemporal optimality; social policy - pricing devices to aid the invisible hand.

Perfect Markets and Easy Virtue: Business Ethics and the Invisible Hand

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    A Hardback by William J. Baumol, Sue Anne Batey Blackman

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      View other formats and editions of Perfect Markets and Easy Virtue: Business Ethics and the Invisible Hand by William J. Baumol

      Publisher: John Wiley and Sons Ltd
      Publication Date: 06/02/1992
      ISBN13: 9781557862488, 978-1557862488
      ISBN10:

      Description

      Book Synopsis

      How businesses affect economies and societies

      Can companies operate with social responsibility? Perfect Markets and Easy Virtue: Business Ethics and the Invisible Hand scrutinizes the effects of a competitive business market on society. It proposes that perfect competition encourages the creation of products with lower quality by firms that find it hard to be socially responsible. The book also offers potential solutions for the issues businesses are facing, such as being competitive and environmentally friendly.



      Table of Contents
      (Almost) perfect competition (contestability) and business ethics; "perfect" market forms and intertemporal optimality; social policy - pricing devices to aid the invisible hand.

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