RT Article
T1 Justice and Trust
JF Journal of business ethics
VO 21
IS 2
SP 237
OP 249
A1 Werhane, Patricia H.
LA English
PB Springer Science + Business Media B. V
YR 1999
UL https://www.ixtheo.de/Record/1785612824
AB With the demise of Marxism and socialism, the United States is becoming a model not merely for free enterprise, but also for employment practices worldwide. I believe that free enterprise is the least worst economic system, given the alternatives, a position I shall assume, but not defend, here. However, I shall argue, a successful free enterprise political economy does not entail mimicking US employment practices. I find even today in 1998, as I shall outline in more detail, these practices, when consistently carried out, by and large erode trust in the workplace, they are, on balance unfair to workers and managers, and, if Jeffrey Pfeffer is correct, they do not maximize long-term corporate earnings or growth. Getting clear on US employment practices and their weaknesses may help to shape other models for employment that neither contravene free enterprise nor are degrading to workers.
K1 Economic System
K1 Defend
K1 Political Economy
K1 Economic Growth
K1 United States
DO 10.1023/A:1006262930136