This article analyzes the business ethics of digital games, using Ayn Rand’s philosophy of Objectivism. It identifies different types of monetization options as virtuous or nonvirtuous, based on Rand’s views on rational self-interest. It divides the options into ethical Mover and unethical Looter designs, presents those logics in relation to an illustrative case example, Zynga, and then discusses a view on the role of players in relation to game monetization designs. Through our analysis of monetization options in the context of (...) Objectivist ethics, the article contributes to discussions on game revenue ethics. It also expands the still understudied area of applying Rand’s ethics to business, in the context of a new sector, game development, and business. This research enables ethicists to apply a wider-than-before perspective on virtue ethics to online business, and helps game developers act in a virtuous manner, which provides them with a long-term business advantage. (shrink)

This article considers the meanings of “life” within Objectivist ethics. It distinguishes between life lived moment to moment and life-as-a-whole. It examines life's finality as related to life being the ultimate value. It questions whether one “lives to consume” or “consumes to live” from a desert island perspective. It discusses what one's whole life entails within the context of decision making. It looks at decisions between competing values. Finally, it discusses the distinction between ethical and ethically neutral actions and suggests (...) ways in which inquiries regarding these may be approached. (shrink)

Ayn Rand and Friedrich A. Hayek were two of the most influential thinkers of the 20th century in the effort to turn the current of opinion away from collectivism and toward what could be called classical liberalism or libertarianism. The purpose of this pedagogical article is to explain, describe, and compare the essential ideas of these great advocates of liberty in language that permits generally educated readers to understand, recognize, and appreciate their significance. It that sense, it hopes to make (...) the the ideas of Rand and Hayek accessible to a wide range of readers through the use of clear explanations. To aid in this endeavor, the article concludes with the presentation and discussion of a table that summarizes and compares their ideas on a variety of problems in and dimensions of philosophy and social science. The target audience of this essay includes educated laypeople and college students, many of whom may decide to read and study the original works of these prominent theorists of a free society after being exposed to their essential ideas. (shrink)

This paper reviews some points of agreement between Objectivism and the Austrian school of economics. It also discusses some of my points of departure with Objectivism. One such is Rand’s justification for holding life as man’s ultimate value. I present a case that the recognition of death’s inevitability is needed to establish life as man’s ultimate value. Although death’s inevitability is implicit within Objectivist ethics (in its emphasis on a person’s entire life), the focus of Rand’s discussion of the ultimate (...) value is on life’s contingency, not its limitedness. I present an example comparing a being with a contingent and limited life to a being with a contingent but potentially endless life. This illustrates the function of life’s limitedness in valuation. I qualify my position somewhat by exploring one way in which a being with a contingent but potentially endless life may value his life as a whole. I also explain that a being with an endless life might have no ultimate value, but could have an endless number of goals. Finally, I discuss a desert-island scenario that supports the noninterference principle. (shrink)

I perform an economic and ethical analysis on wealth and income inequality. Economists have performed many statistical studies that reveal a number of, often contradictory, findings in connection with the distribution of wealth and income. Hence, the statistical findings leave us with no better knowledge of the effects that inequality has on economic progress. At the same time, the existing theoretical results have not provided us with a definitive answer concerning the effects of inequality on progress. By gaining knowledge of (...) the nature of inequality, and bringing basic economic principles to bear on the subject, we can come to an understanding of what the causal relationship is between inequality and economic progress. Furthermore, I apply a new theory of ethics – rational egoism – to assess economic inequality. I show that, in the right context, economic inequality is both economically and morally desirable. (shrink)

Applying evidence from recently available public information on Enron, I defined Enron’s culture as one rooted in agency theory by asserting that Enron’s members were predominantly agency-reasoning individuals. I then identified conditions present at Enron’s collapse: a strong agency culture with collectively non-compliant norms, a munificent rare-failure environment, and new hires with little business ethics training. Turning to four possible antidotes (selection, objectivist integrity, integrity capacity, and stewardship reasoning) to an agency culture under these conditions, I argued that the currently (...) available ethics literature would have made little difference toward averting Enron’s collapse if any of the recommendations from the relevant ethics literature had been implemented. I conclude by identifying new directions for business ethics literature in order to make it more implementable under the conditions identified at Enron. Essentially, we need a way to clearly determine (1) the difference between connivance and commitment, (2) what is meant by balance with regard to the multiple dimensions of ethics and legal theories, and (3) the proper balance between agency and stewardship reasoning. (shrink)

With the advent of social networking websites, privacy concerns have reached a new high. One particularly problematic concern entails employers requesting login credentials to popular social media platforms. While many people may consider this request unethical, they may not agree on the reasons it is unethical. One reason may be to blame the behavior on egoism. Egoism, however, comes in multiple flavors, not all of which would agree that violating privacy is acceptable. In this paper, we articulate how one egoist (...) perspective provides a defense of privacy in the face of unjust information access requests. Objectivism, the philosophy of Ayn Rand, offers an egoist approach to ethics that values individual privacy on rational, self-interested grounds. By applying Objectivist principles to a business context, we observe that businesspeople should not violate other people’s privacy for short-term gains. Furthermore, we observe that privacy can be protected without distinct right to privacy. Rather, Objectivism’s conception of rational self-interest suggests that long-term flourishing is the proper end of individuals and businesses, predicated on, among other things, respecting privacy and enforcing individual rights. (shrink)

Business leaders are increasingly responsible for the societal and environmental impacts of their actions. Yet conceptual views on responsible leadership differ in their definitions and theoretical foundations. This study attempts to reconcile these diverse views and uncover the phenomenon from a business leader’s point of view. Based on rational egoism theory, this article proposes a formal mathematical model of responsible leadership that considers different types of incentives for stakeholder engagement. The analyses reveal that monetary and instrumental incentives are neither sufficient (...) nor necessary for business leaders to consider societal and environmental stakeholder needs. Non-monetary and non-instrumental incentives, such as leaders’ values and authenticity, as well as their planning horizons, counterbalance pure monetary and instrumental orientations. The model in this article complements the growing body of research on responsible leadership by reconciling its various conceptual views and providing a foundation for future theory development and testing. (shrink)

When applied to a dipole source subjected to acceleration which is violent and long lasting (“extreme acceleration”), Maxwell's equations predict radiative power which augments Larmor's classical radiation formula by a nontrivial amount. The physical assumptions behind this result are made possible by the kinematics of a system of geometrical clocks whose tickings are controlled by cavities which are expanding inertially. For the purpose of measuring the radiation from such a source we take advantage of the physical validity of a spacetime (...) coordinate framework (“inertially expanding frame”) based on such clocks. They are compatible and commensurable with the accelerated clocks of the accelerated source. By contrast, a common Lorentz frame with its mutually static clocks won't do: It lacks that commensurability. Inertially expanding clocks give a physicist a window into the frame of a source with extreme acceleration, and thus can locate that source and measure radiation from it without being subjected to such acceleration himself. The conclusion is that inertially expanding reference frames reveal qualitatively distinct aspects of nature which would not be accessible if inertial frames were the only admissible frames. (shrink)

ROBERT L. CAMPBELL finds Tibor Machan's book, Ayn Rand, to be a thoroughgoing introduction to every part of Rand 's system except the esthetics. Machan's presentation is knowledgeable and sympathetic but entirely non-sectarian, it offers several significant criticisms of Rand 's views. Campbell focuses on Machan's discussion of Rand 's philosophical axioms, her ethics, and her antipathy to Immanuel Kant. Certain questions that Machan asks prompt Campbell to inquire whether Rand 's avoidance of cosmology in metaphysics is an example to (...) be followed in epistemology. (shrink)

Michelle Marder Kamhi and Louis Torres analyze the scant critical and scholarly attention that has been devoted to Rand 's aesthetic theory by other writers since its publication more than a quarter-century ago. They argue that, with few exceptions, Objectivists and non-Objectivists alike have tended to misinterpret and undervalue Rand 's philosophy of art—which has not been sufficiently distinguished from her theory of Romantic literature. They also point to infelicities of style that have impeded serious consideration of her ideas.

Reed argues that the architectures of knowledge representation in Object -Oriented Programming and in Ayn Rand's Objectivist epistemology are exactly isomorphic, and were first proposed at about the same time. These similarities did not result from mutual influence, but from the need to represent knowledge, in both systems, in accordance with the same facts of reality. Thanks to the isomorphism of knowledge representation in the two systems, logical techniques developed in the context of OOP, such as scope-tracking and inheritance, are (...) directly usable and useful in objective logic based on Objectivist epistemology. (shrink)

By combining and synthesizing elements found in Austrian economics, Ayn Rand 's philosophy of Objectivism, and the closely related philosophy of human flourishing that originated with Aristotle, we have the potential to reframe the argument for a free society into a consistent reality-based whole whose integrated sum of knowledge and explanatory power is greater than that of its parts. The Austrian value-free praxeological defense of capitalism and the moral arguments of Rand, Aristotle, and the neo-Aristotelians can be brought together, resulting (...) in a powerful, emergent libertarian synthesis of great promise. (shrink)

The doctrine of the arbitrary assertion is a key part of Objectivist epistemology as elaborated by Leonard Peikoff. For Peikoff, assertions unsupported by evidence are neither true nor false; they have no context or place in the hierarchy of conceptual knowledge; they are meaningless and paralyze rational cognition; their production is proof of irrationality. A thorough examination of the doctrine reveals worrisomely unclear standards of evidence and a jumble of contradictory claims about which assertions are arbitrary, when they are arbitrary, (...) and what ought to be done about them when they are. A wholesale rejection of the doctrine is recommended. (shrink)

Some economists, notably Gary Becker, claim that economic analysis is applicable to any decision, ethical or otherwise. Ethical principles within Objectivist Ethics are based on long-range success— life being the measure of success. This paper examines these different approaches to decision-making. Decision theory and Rand's Benevolent Universe Premise form the basis for the analysis.

In "Egoism versus Rights," I argued that egoism is incompatible with rights. Here, I respond to two critics of that argument.

Research Articles C. Bradley Thompson, Social Philosophy and Policy, FirstView Article.

Abstract The debate in the philosophy of perception between direct realists and representationalists should influence the debate in epistemology between internalists and externalists about justification. If direct realists are correct, there are more consciously accessible justifiers for internalists to exploit than externalists think. Internalists can retain their distinctive internalist identity while accepting this widened conception of internalistic justification: even if they welcome the possibility of cognitive access to external facts, their position is still quite distinct from the typical externalist position. (...) To demonstrate this, Alvin Goldman’s critique of internalism is shown to ignore important lessons from the case for direct realism about perception. In particular, it unjustifiably assumes that internalism entails that only facts simultaneous with the justification of a belief can justify the belief. Goldman’s definition of a “justifier” is also inconsistent with the overall guidance conception of epistemology he takes for granted in his critique of internalism. Content Type Journal Article Pages 1-26 DOI 10.1007/s12136-012-0146-4 Authors Benjamin Bayer, Department of Philosophy, Loyola University, New Orleans, 6363 St. Charles Avenue, Box 046, New Orleans, LA 70118, USA Journal Acta Analytica Online ISSN 1874-6349 Print ISSN 0353-5150. (shrink)

Prompted by the thesis that an organism’s umwelt possesses not just a descriptive dimension, but a normative one as well, some have sought to annex semiotics with ethics. Yet the pronouncements made in this vein have consisted mainly in rehearsing accepted moral intuitions, and have failed to concretely further our knowledge of why or how a creature comes to order objects in its environment in accordance with axiological charges of value or disvalue. For want of a more explicit account, theorists (...) writing on the topic have relied almost exclusively on semiotic insights about perception originally designed as part of a sophisticated refutation of idealism. The end result, which has been a form of direct givenness, has thus been far from convincing. In an effort to bring substance to the right-headed suggestion that values are rooted in the biological and conform to species-specific requirements, we present a novel conception that strives to make explicit the elemental structure underlying umwelt normativity. Building and expanding on the seminal work of Ayn Rand in metaethics, we describe values as an intertwined lattice which takes a creature’s own embodied life as its ultimate standard; and endeavour to show how, from this, all subsequent valuations can in principle be determined. (shrink)

How do business leaders make ethical decisions? Given the significant and wide-spread impact of business people’s decisions on multiple constituents, how they make decisions matters. Unethical decisions harm the decision makers themselves as well as others, whereas ethical decisions have the opposite effect. Based on data from a study on strategic decision making by 16 effective chief executive officers, I propose a model for ethical decision making in business in which reasoning and intuition interact through forming, recalling, and applying moral (...) principles necessary for long-term success in business. Following the CEOs in the study, I employ a relatively new theory, rational egoism, as the substantive content of the model and argue it to be consistent with the requirements of long-term business success. Besides explaining the processes of forming and applying principles, I briefly describe rational egoism and illustrate the model with a contemporary moral dilemma of downsizing. I conclude with implications for further research and ethical decision making in business. (shrink)

Recent years have seen increasing attacks on the "deontological" conception (or as we call it, the guidance conception) of epistemic justification, the view that epistemology offers advice to knowers in forming beliefs responsibly. Critics challenge an important presupposition of the guidance conception: doxastic voluntarism, the view that we choose our beliefs. We assume that epistemic guidance is indispensable, and seek to answer objections to doxastic voluntarism, most prominently William Alston's. We contend that Alston falsely assumes that choice of belief requires (...) the assent to a specific propositional content. We argue that beliefs can be chosen under descriptions which do not specify their propositional content, but instead specify the mental actions by which they are formed and maintained. We argue that these actions partially constitute the beliefs and that is it in virtue of resulting from and being partially constituted by such actions that the beliefs are subject to epistemic appraisal,. (shrink)

In this paper I contest Searle's thesis that desire-independent reasons for action - 'reasons that are binding on a rational agent, regardless of desires and dispositions in his motivational set' - are inherent in the concept of rationality. Following Searle's procedure, I first address his argument that altruistic reasons for action inhere in the concept of rationality, and then examine his argument for his more general thesis. I conclude that a viable theory of rational action would be centered, not on (...) the concept of desire-independent reasons, but rather on the concept of rational desire. (shrink)

This article identifies the moral premises of contemporary business ethics. After analyzing thirty business ethics texts, the article shows that many business ethicists hold the conventional view that being moral is altruistic. This altruistic perspective logically implies a negative evaluation of self-interest and the profit motive, and business. As a result, the prevailing attitude in mainstream business ethics is that without altruistic restraints businesspeople are inclined to lie, steal, and cheat, not create and earn wealth through honest production and voluntary (...) trade. Therefore, the central concern in current business ethics is to curb businesspeople morally, not to empower them in their self-interested desire to make money. In the final analysis, the article shows how the anti-egoist assumptions manifest themselves in a moral prejudice against business, leading to a biased, unfair, and misleading account of the business world. (shrink)

This paper will show that if we take conventional ethics seriously, then there is no moral justification for business profits. To show this, we explore three conventional ethical theories, namely Christian ethics, Kantian ethics and Utilitarian ethics. Since they essentially reject self-interest, they also reject the essence of business: the profit motive. To illustrate the relationship, we will concretize how the anti-egoist perspective expresses itself in business and business ethics. In business, we look at what many businesses regard as proof (...) of their virtue. In business ethics, we look at what many business ethicists say about the relationship between morality and self-interest and, thus, the profit motive. Ultimately, we will argue that conventional ethics can, at most, only justify the means of business, but not the end of business. (shrink)

This essay presents a skeleton of a potential conceptual framework for human flourishing in a free society. Its aim is to present a diagram that illustrates the ways in which its topics relate to one another and why they do. It argues for a plan of conceptualization rather than for the topics themselves. It emphasizes the interconnections among the components of the schema presented. It sees an essential interconnection between objective concepts, arguing that all of the disciplines of human action (...) can be integrated into a paradigm of human flourishing based on the nature of man and the world. (shrink)

Until recently it has been conventional to assume that ethical egoism is "ethical" is name, alone, and that no account that considers one's own interests as the standard of moral obligation could count as seriously "ethical." In recent years, however, philosophers have shown increasing respect for more sophisticated forms of ethical egoism which attempt to define self-interest in enriched terms characterizing self-interest as human flourishing in both material and psychological dimensions. But philosophers are still skeptical that any conception of self-interest (...) could underpin ethical theory. This paper considers recent arguments by Richard Joyce, who is willing to concede enriched conceptions of self-interest, but who claims that egoism cannot support appropriate counterfactual conditionals about morality, or inferential uses of ordinary moral thinking. I argue that ethical egoism can satisfy each of Joyce's desiderata for morality, provided that it is taken to involve the very notion of enriched self-interest that Joyce is elsewhere willing to consider. In showing that egoism can count as a moral theory, I show, in effect, that Joyce's arguments for error theory about morality are really arguments for error theory about agent-neutral, non-egoistic morality. (shrink)