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Table of Contents
1. Rent Seeking in a Market with Morality: Solving a Puzzle About Corporate Social Responsibility.............. 1

12February 2013

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Rent Seeking in a Market with Morality: Solving a Puzzle About Corporate Social Responsibility
Author: Boatright, John R
Publication info:Journal of Business Ethics, suppl. Supplement 88 (Oct 2009): 541-552.
ProQuest document link
Abstract: Issue Title: A tribute to Thomas W. Dunfee a leader in the field of business ethics / Edited byThomas
Donaldson, Nien-Hê Hsieh, Waheed Hussain, William S. Laufer, Ann E. Mayer, Philip M. Nichols, Eric W. Orts,
Diana C. Robertson and Lauretta Tomasco Rent seeking by lobbying for government favorsis generally thought
to be wasteful. In view of this wastefulness, it is puzzling that rent seeking by corporations has not been
criticized as a failure to be socially responsible or even as anunethical business practice. This article examines
the compatibility of rent seeking with corporate social responsibility by utilizing Thomas Dunfee's idea of a
marketplace with morality. This idea isuseful for solving this puzzle because in considering whether rent
seeking is compatible with corporate social responsibility, it is necessary, first, to define rent seeking, which this
articleargues is a normative concept, and, second, to find some principled way of identifying rent-seeking
behavior. It also solves the puzzle about rent seeking by revealing that the concept of rent seekingitself is of
little use in determining whether certain conduct is or is not socially responsible since rent seeking activity
cannot be identified without first evaluating which activity is rent...