Please use this identifier to cite or link to this item:
|Title:||Commercial Medicine and the Ethics of the Profit Motive||Contributor(s):||Walsh, Adrian John (author)||Publication Date:||2006||DOI:||10.1007/s10790-007-9046-z||Handle Link:||https://hdl.handle.net/1959.11/1486||Abstract:||The conclusion of our investigation into the ethics of the profit motive is that its presence in commercial medicine provides genuine grounds for concern because of two tendencies to which commercial agents, qua commercial agents, are prone. There is the tendency for such agents, in cases where significant other-regarding moral considerations clash with economic considerations, to disregard the moral in favour of the economic. There is also the tendency for commercial agents to regard medical practices as a mere means to the acquisition of wealth. As such, the profit motive is morally hazardous in the medical context for it furnishes commercial agents with temptations for socially-significant vicious behavior to which many of us are prone. The outcomes that ensue from such temptations are at odds with both the general aims of medicine and the proper aims of medical practitioners. The consequences of these claims for medicine are complicated. But the conclusion here is far less radical. The profit motive is characterized as providing non-trivial moral hazards and, as such, this provides grounds for both government regulation of, and individual vigilance when engaged in, commercial medicine. In addition there might well be exchanges in some particular goods we wish to block, for reasons other than the hazards associated with the profit motive.||Publication Type:||Journal Article||Source of Publication:||The Journal of Value Inquiry, 40(2-3), p. 341-357||Publisher:||Springer Netherlands||Place of Publication:||Amsterdam, Netherlands||ISSN:||0022-5363
|Field of Research (FOR):||220107 Professional Ethics (incl police and research ethics)||Peer Reviewed:||Yes||HERDC Category Description:||C1 Refereed Article in a Scholarly Journal||Statistics to Oct 2018:||Visitors: 138
|Appears in Collections:||Journal Article|
Files in This Item:
checked on Nov 26, 2018
checked on Mar 4, 2019
Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.