“I Paid for this Microphone!” The Importance of Shareholder Theory in (Teaching) Business Ethics

04/29/2009 Libertarian Papers David Levy Mark Mitschow

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Libertarian Papers, Vol. 1 (2009), Article No. 25

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Levy, David and Mark Mitschow. “I Paid for this Microphone!” The Importance of Shareholder Theory in (Teaching) Business Ethics.” Libertarian Papers 1, no. 25 (2009): 1–12.

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“I Paid for this Microphone!” The Importance of Shareholder Theory in (Teaching) Business Ethics

04/29/2009 Libertarian Papers David Levy Mark Mitschow

Abstract: Two prominent normative theories of business ethics are stakeholder and shareholder theory. Business ethicists generally favor the former, while business people prefer the latter. If the purpose of business ethics is “to produce a set of ethical principles that can be both expressed in language accessible to and conveniently applied by an ordinary business person” (Hasnas 1998), then it is important to examine this dichotomy.

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