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<p>Joseph Heath presents his market failures approach to business ethics as a happy medium between cynicism and the idealism of traditional moral theories such as Kantian ethics, which Heath believes to be incompatible with important forms of competition. The market failures approach defends some real ethical limits in business, beyond following the law, but it condones certain deviations from the norms of everyday morality in the interest of economic efficiency. On this view, a certain level of sleaziness in business is permissible and inevitable, even if it is regrettable. This article argues that Kantian ethics provides a better account of the ethics of competition than the market failures approach does. Kantian ethics is in fact compatible with competition, both on the market and in the workplace. On some key issues, notably including the issue of truthfulness and disclosure, Kantian ethics permits competitive strategies that the market failures theory forbids. Moreover, when Kantian ethics deems the reasoning behind a competitive strategy morally acceptable, it endorses the strategy without any ethical reservations. There is no reason to regard justified business practices as regrettable or sleazy.</p>

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Is Competition Inherently Sleazy? Why the Market Failures Approach Says Yes and Kantian Ethics Says No

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  • 发表日期：

    2025年7月4日

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  • Robert C. Hughes

摘要

Joseph Heath presents his market failures approach to business ethics as a happy medium between cynicism and the idealism of traditional moral theories such as Kantian ethics, which Heath believes to be incompatible with important forms of competition. The market failures approach defends some real ethical limits in business, beyond following the law, but it condones certain deviations from the norms of everyday morality in the interest of economic efficiency. On this view, a certain level of sleaziness in business is permissible and inevitable, even if it is regrettable. This article argues that Kantian ethics provides a better account of the ethics of competition than the market failures approach does. Kantian ethics is in fact compatible with competition, both on the market and in the workplace. On some key issues, notably including the issue of truthfulness and disclosure, Kantian ethics permits competitive strategies that the market failures theory forbids. Moreover, when Kantian ethics deems the reasoning behind a competitive strategy morally acceptable, it endorses the strategy without any ethical reservations. There is no reason to regard justified business practices as regrettable or sleazy.