Ethics for the Professions or Economic Nature of the Firm

Ethics for the Professions

Author: John R Rowan

This new text provides students with the tools necessary to make ethically sound decisions in the professions they choose for themselves. The text combines lucid explanations of leading philosophical moral theories with detailed discussion of how those theories are to be applied. Each chapter concludes with short cases and questions to engage students in solving perplexing professional ethics issues.

Booknews

Ethics stem from the concepts of role-related obligations and moral vision, per Rowan and Zinaich (Purdue U. Calumet.) In the initial scan across professions, contributors in 51 reprinted papers discuss moral theories, perspectives on professional ethics, employee rights (including a call to focus on work rather than sex in regard to workplace harassment), and professional-client relations. Area- specific issues are then treated in business, engineering, health care, counseling, law, journalism, and education. Chapters include editors' introductions, discussion questions, and cases. Dated papers are from 1971-2000, but not all bear dates. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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Economic Nature of the Firm: A Reader

Author: Louis Putterman

This book brings together classic writings on the economic nature and organization of firms, including works by Ronald Coase, Armen Alchian and Harold Demsetz, Michael Jensen and William Meckling, and Oliver Williamson, as well as more recent contributions by Paul Milgrom and John Roberts, Bengt Holmstrom, and Oliver Hart.

Part I explores the general theme of the firm's economic nature and its place in the market system;

Part II covers the scope of the firm;

Part III examines internal organization and the human factor; and

Part IV ties the firm's organization and behavior to issues of financing and ownership. This second edition has twelve new selections and an introductory essay that surveys the new institutional economics of the firm.

Table of Contents:

	Editor's preface
	The economic nature of the firm: a new introduction	1
1	From The Wealth of Nations	35
2	From Capital	46
3	From Risk, Uncertainty and Profit	60
4	The use of knowledge in society	66
5	Relational exchange: economics and complex contracts	72
6	From The Visible Hand	78
7	The nature of the firm	89
8	Vertical integration, appropriable rents, and the competitive contracting process	105
9	The governance of contractual relations	125
10	The organization of industry	136
11	The limits of firms: incentive and bureaucratic features	146
12	Bargaining costs, influence costs, and the organization of economic activity	162
13	Towards an economic theory of the multiproduct firm	175
14	Production, information costs, and economic organization	193
15	Contested exchange: new microfoundations for the political economy of capitalism	217
16	Understanding the employment relation: the analysis of idiosyncratic exchange	233
17	Multitask principal - agent analyses: incentive contracts, asset ownership, and job design	254
18	The prisoners' dilemma in the invisible hand: an analysis of intrafirm productivity	267
19	Labor contracts as partial gift exchange	276
20	Profit sharing and productivity	288
21	Mergers and the market for corporate control	299
22	Agency problems and the theory of the firm	302
23	Theory of the firm: managerial behavior, agency costs, and ownership structure	315
24	Organizational forms and investment decisions	336
25	The structure of ownership and the theory of the firm	345
26	An ecomomist's perspective on the theory of the firm	000
27	Ownership and the nature of the firm	000
	References	000