Customers, Suppliers and Neighbours

M. R. Griffiths and J. R. Lucas

Chapter Chapter 7 in Ethical Economics, 1996, pp 104-118 from Palgrave Macmillan

Abstract: Abstract Businessmen have external relations with their customers, suppliers, competitors and neighbours, giving rise to obligations based primarily on a recognition of the difference between the values of the parties, and a respect for the other’s point of view, but modified by the fact that money is inherently general, and that each transaction needs to be considered not as a single one but in a context that is generalised with regard to person, circumstance and time. A responsible businessman, therefore, is guided by the principle caveat vendor rather than relying exclusively on caveat emptor, pays his suppliers promptly, gives more than contractual notice, competes only by fair means, not by foul; and on the basis of the common concerns he does have with those who do not share most of his values, he contributes towards the good of his trade, his locality, and the environment generally.

Keywords: Business Ethic; Level Playing Field; Ethical Economic; Caveat Emptor; Late Payment (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38995-3_7

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DOI: 10.1057/9780230389953_7

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