Here’s a useful review, by Andrew Gustafson, of Joseph Heath’s Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics. >>>
Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics, Reviewed by Andrew Gustafson, Creighton University
Gustafson’s bottom line on the book:
…the book is well worth engaging by anyone interested in economics, agency theory, fiduciary concerns, public policy, corporate governance, and of course, business ethics. Heath is to be commended for this provocative book, explaining a provocative approach to business ethics (market failures approach) that sees as its guiding star the always elusive Pareto-optimal market conditions. I know it has informed my own approach to how I will teach stakeholder theory, theory of the firm, and competition in future courses.