1. Russell
G. Pearce & Brendan M. Wilson on Business Ethics

This Essay
makes three contributions to the field of business ethics …. First, the Essay
identifies the dominant approaches to business ethics as profit maximization,
social duty, and ordinary ethics, and summarizes the claims made by proponents
of each perspective. We intend this categorization as a way to refine the
distinctions between and among various views of business ethics and to address
the conundrum that John Paul Rollert has described as the “academic anarchy
that is business ethics…. Second, the Essay explores the strengths and
weaknesses of these three approaches. It suggests that their emphasis on
viewing business persons and organizations as existing autonomously, rather
than within webs of relationships, helps explain why the field of business
ethics has had minimal influence on business conduct, as does the false
dichotomy between economic and ethical conduct that proponents of these
approaches often embrace…. Third, the Essay proposes an alternative approach
that would locate business ethics at the center of business conduct. This approach
embraces the relational character of business behavior. It offers a conception
of self-interest that recognizes the relational dimension of self-interest and
identifies mutual benefit as the goal of business conduct. The text of the
essay is available in the book itself or on Professor Pearce's Fordham
University web page.

2. John
Robinson Jr. on Social Public Procurement: Corporate Responsibility Without
Regulation

The growing
perception in the developed world that multi-national corporations conduct
social and environmental exploitation abroad raises numerous questions about
corporate social responsibility. That those corporations would not get away
with, nor probably even attempt, such exploitation in their home countries
complicates the dialogue: to what extent are the home governments responsible
for ensuring their native corporations act responsibly abroad?  The E.U. answers this question affirmatively
and takes an active role in promoting social responsibility. One major
mechanism they use is socially responsible public procurement, which
incentivizes good social outcomes by awarding contracts based, in part, on
social criteria….  This Essay explores
the E.U.’s framework for achieving these social goals and suggests that the
U.S. should undertake many of the same policies.

3. Tony A.
Freyer & Andrew P. Morriss on Creating Cayman as an Offshore Financial Center:
Structure & Strategy Since 1960

The Cayman
Islands are one of the world’s leading offshore financial centers (OFCs). Their
development from a barter economy in 1960 to a leading OFC for the location of
hedge funds, captive insurance companies, yacht registrations, special purpose
vehicles, and international banking today was the result of a collaborative
policy making process that involved local leaders, expatriate professionals,
and British officials…. [T]his Article describes how the collaborative policy
making process developed over time and discusses the implications of Cayman’s
success for financial reform efforts today.