Giving is not a duty

At this time of the year, many of us are giving presents out of benevolence, goodwill, appreciation, and love—and for those reasons only, I...

Exploitation vs. trade: Win-lose or win-win?

A well-educated, intelligent acquaintance was telling me how the quality of care at a privatized, formerly government-run hospital had immediately declined after it was...

No more altruism! Rejecting the ethics of self-sacrifice

The first part of this post’s title is a quotation from a student in my business ethics class. She had said that to her...

Why we should be selfish

I am teaching a business ethics course to MBA students where we cover the main moral codes, such as altruism (the morality of self-sacrifice)...

The secret to long-term profitability: Moral principles

As every business owner knows, starting and operating a business successfully requires continual decision making: What type of business to choose and why? Where...

The crucial need for rational ethics in business

I recently reviewed student comments on the business ethics course I taught this year. They were overwhelmingly positive, which of course is heart-warming to...

Businesspeople are producers, not predators

Businesspeople (particularly, businessmen) are the favorite villains of Hollywood. The latest piece of evidence: the newly released movie Gold, starring Matthew McConaughey, loosely based...

Should we boycott Amazon?

Amazon has been “exposed” by the New York Times as “a bruising workplace” where employees are driven by callous managers to compete against their...

Persistent egoism: Why pursue self-interest?

Many people balk at the idea of ‘persistent egoism’ that I addressed in a recent post. They do so because they have absorbed the...

Are you a “people-pleaser”?

A graduate student once told me that he was feeling anxious about disagreeing with his supervisor about the direction of his thesis work, because,...

Government regulation does not make us safe—capitalism does

Would you trust government more than business to keep you safe? Amazingly, most people say yes almost automatically when asked. They see government as...

“Under capitalism, who would regulate us?”

"Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.” –Ayn Rand To...