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The Routledge Companion to Business Ethics
book

The Routledge Companion to Business Ethics

by Eugene Heath, Byron Kaldis, Alexei Marcoux
February 2018
Intermediate to advanced
722 pages
34h 15m
English
Routledge
Content preview from The Routledge Companion to Business Ethics

p.359

21

Regulation, rent seeking, and business ethics

Christel Koop and John Meadowcroft

In the autumn of 1979, US car maker Ford was struggling to compete with cheaper imports from Japan and was considering asking the US government for protection from this unwelcome foreign competition. Ford’s chief economist at the time, William A. Niskanen, wrote a memo to the company’s executives arguing that Ford should maintain its historic commitment to free trade. He stated that if Ford should lobby the government, it should be for the removal of existing tariffs on steel, engines and other components that the company presently imported (Simison 1980). Niskanen warned that the government did not give away special favours for free, so any protection the ...

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Publisher Resources

ISBN: 9781317655411