The moral ecology of markets: on the failure of the amoral defense of markets

Many economists have defended capitalism; most have tried to do so within the self-imposed methodological constraint that economists should employ only empirical arguments, not normative ones. This essay examines three classic amoral defenses of capitalism—by Milton Friedman, James Buchanan, and Friedrich Hayek—and argues that each fails on its own terms, since each implicitly incorporates moral presumptions essential to the author's argument. Constructively, the essay proposes that no one can adequately endorse (or critique) markets without making a moral evaluation of their context—their “moral ecology.” Four issues are identified as necessarily addressed in every adequate evaluation of markets. The essay does not endorse any one position on these elements, but argues instead that seemingly incommensurable standpoints on markets—ranging from Marxist to libertarian—actually represent positions on the these four basic issues.     

Applying the marketing concept to design new products

This article is an empirical application of the marketing concept in the design of new product offerings in the area of religious instructional materials. The general approach and methodology of this research should be appropriate for many types of consumer products and organizations. The marketing concept was applied to the design of religious instructional materials in this study through an empirical investigation of the values, attitudes, and perceived needs of key market populations. The study consisted of determination of perceived needs for alternative topics, identification of educational themes around which specific topics could be integrated into instructional packages, and assessment of the importance of these themes across alternative market segments. A total of 1161 respondents (464 pastors and 697 lay members) completed a mail questionnaire which solicited their perceptions of themselves and the domain of the church in their lives. Respondents also indicated the level of importance they placed on alternative instructional topics. The data were analyzed through the use of multivariate techniques to provide understanding and interpretation of the perceived needs of alternative market segments. Results of the analyses were very useful in determining which instructional packages to develop and the target markets for each package.     

What Does it Mean when Mitchell Gets an ‘A’ in Business Ethics? or the Importance of Service Learning

In this essay I show that business needs business school graduates who are capable of ethical business action. Thus, business ethics courses should help students develop the capacities and skills they will need to act ethically at work. Towards this developmental end, I list eight steps business ethicists can take to implement service learning in their courses. I show how service learning in the classroom can be combined with a college honorary program to promote ethical business actions in students.     

石家庄市3月份非典型大气污染过程分析

为探究空气质量变化的成因,对近5年石家庄市3月份的气象、环境监测资料进行归纳整理,并重点分析了2016年3月份石家庄市的污染状况及其影响因素。统计数据表明,下半月(非采暖期)的污染状况总体上严重于上半月(采暖期),这主要有3个方面的原因:一是用煤量虽逐渐减少,但经济活动增加导致的大气污染物排放量大幅度增加,二是汽车保有量不断增加,以及日益活跃的工业生产活动导致的重型货运车运输量增大,三是区域气象条件导致的扬尘污染。建议石家庄市3月份重点削减工业用煤和民用煤的使用量,加强面源的污染控制,并加强对大型货车及各类工地的管控。     

Pursuing shareholder value: The rhetoric of James Hardie

In this paper we analyse the media release by James Hardie Industries Limited (JHIL) announcing the establishment of a separate entity to fund current and future asbestos litigation claims using the interpretive tool of rhetorical criticism. At the centre of the corporate reorganisation which alienated asbestos-related liabilities from the corporate group was the concept of shareholder value. This concept was presented as an unequivocal rationale to persuade the public that the reorganisation would resolve the asbestos liability issue and benefit both shareholders and legitimate asbestos claimants alike. Accounting is implicated by the use of accounting concepts such as assets and liabilities to persuade stakeholders of the financial viability of the new entity. These concepts were presented as objective and unproblematic without consideration of the nuances of accounting measurement, recognition and disclosure criteria.

Using an organisational discourse analysis framework, the media release is ‘dismantled’ to expose the rhetorical strategies used to create particular understandings and to privilege certain interests. The analysis demonstrates the power of a single textual artefact to harness and influence strategic possibilities and serve an organisational strategy.     

Governmental Control of Externalities,or the Prey Eats the Predator

This paper argues that Gunnar Myrdal's theory of the state fruitfully elucidates which set of factors contributed to the transformation of the Welfare State into what James K. Galbraith has described as the modern Predator State. Myrdal employs the circular cumulative causation hypothesis (Berger forthcoming; 2008; Berger and Eisner 2007) to explain the evolution of the state as the result of multiple interrelated factors. Myrdal's evolutionary-institutional analysis of the state is found to be compatible with Galbraith's (2008) recent Veblenian approach in that it highlights the role of corruption (pecuniary considerations) in the relationship between big business (the "organized sector") and government.     

Consumer power and market control: Exploring consumer behaviour in affluent contexts (1946–1980)

Abstract

The aim of this essay is to present and explain the emergence and decay of two unorthodox views of consumer behaviour that developed from the mid-1940s to the mid-1970s: the view of the powerful consumer and the view of market control by producers. It begins by presenting their common origins in empirical studies that opposed the Keynesian-type analysis of consumption. While the first developed into the program of behavioural economics defended by George Katona of the Michigan Survey Research Center, the second nourished the contributions of authors like Galbraith (1958, 1967, 1977), Scitovsky (1954, 1962, 1976) and Mishan (1960, 1967).     

管理学术研究的“知行合一”之道:融合德鲁克与马奇的独特之路

当前,越来越多的管理研究者和实践者感受到,管理理论与管理实践之间存在巨大鸿沟。在探讨理论("知")与实践("行")关系的基础上,本文分析了理论与实践割裂的原因,并指出现存的"仅知不行"与"行仍需知"两大困境。同时,基于德鲁克之路与马奇之路的管理研究路径分析,本文认为,可以融合德鲁克与马奇两人不同的独特之路,走出一条弥合管理理论与管理实践之巨大鸿沟的第三条道路,实现管理学术研究的"知行合一"之道。此外,依托阴阳平衡原理,本文提出了通过重建范式、重建评价标准、重塑应用导向型商学院及夯实哲学基础可以提高学术研究的"知行合一",并基于实践与理论的非对称性动态耦合分析,提倡管理学需开展"共同参与性研究"。     

On science and reform: the parable of the new economics, 1960s–1970s

The article considers Paul Samuelson, Robert Solow, James Tobin, Walter Heller, and Arthur Okun qua political economists. The focus is on their combination of a faith in economic science and a passionate public spirit. The article aims to substantiate two related arguments. The first is that these “new economists” were public intellectuals, regularly addressing public opinion, and engaging with the major economic and social issues of the times; the second is that their value judgements gained the upper hand over scientific discourse when they were confronted with the 1970s inflation.     

Ritual legitimation, de-coupling and the budgetary process: managing organizational hypocrisies in a multinational company

The study of participation in the budgetary cycle has formed a prominent part of the research literature concerned with the budgetary process. More recently there has emerged a body of literature concerned with exploring the political and symbolic nature of the budgetary process. The paper reports upon the outcomes of an empirical study of the introduction of `budgetary participation' in a division of a European subsidiary of a large North American car manufacturer. We detail the long process of consultation and negotiation within the subsidiary, and between it and the European Headquarters. The study provides a revealing instance of the roles of formal budget participation as a ritual of control and legitimation without the substantive involvement of middle managers and suggested to us the introduction of de-coupling and organizational hypocrisy alongside the introduction of budget participation. The study pays close attention to the contingent effects of the wider political context of the division and the relationships between the division, its organizational context and organizational environment, and how this context played upon the budgetary process in the division. The outcomes that we analyse at `Delta' reflect the de-coupling strategies and organizational hypocrisies commonly found in public sector organizations. In this wider setting the corporation persists with the ritual of `tight' budget negotiation and target setting and apparent underachievement in performance. Yet we conclude that the complex technological and political context to the formation and siting of Delta continued and may continue to support its existence.$g0