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Business Ethics Journal Review

Volume 1, Issue 15, 2013

Michael Buckley
Pages 92-98

On the Essential Nature of Business

Alexei Marcoux has argued that business ethics should focus less on organizational form and more on business practice. He suggests that a definition of ‘business’ as “a(n intentionally) self-sustaining, transactionseeking and transaction-executing practice” can help facilitate this shift by attuning researchers to the essential activity of business. I argue that this definition has troubling implications for a practice-based approach to business ethics, and that anyone advocating such an approach would be better served by treating ‘business’ as a cluster concept.

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