Ethics, Discovery, and Strategy

I address the issue of justifiable profits from distinct perspectives in economics, strategy research and ethics. Combining insights from Austrian economics, the resource-based perspective, and finders, keepers ethics, I argue that strategy is about the discovery of hitherto unexploited possibilitie...

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Bibliographic Details
Main Author: Foss, Nicolai J. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1997
In: Journal of business ethics
Year: 1997, Volume: 16, Issue: 11, Pages: 1131-1142
Further subjects:B Austrian Economic
B Distinct Perspective
B Economic Growth
B Strategy Research
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Description
Summary:I address the issue of justifiable profits from distinct perspectives in economics, strategy research and ethics. Combining insights from Austrian economics, the resource-based perspective, and finders, keepers ethics, I argue that strategy is about the discovery of hitherto unexploited possibilities for exchange. To the extent that strategy is about the discovery/creation ex nihilo of products, ways of producing products, etc., the resulting profits are argued to be justifiable from a finders, keepers perspective.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1023/A:1005734914833