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By: Ronald F. White, Ph.D. Professor of Philosophy College of Mount St. Joseph

Corporations and Consumers. By: Ronald F. White, Ph.D. Professor of Philosophy College of Mount St. Joseph. Introuction. Buyers and Sellers Moral Principles Liberty vs. Coercion Beneficence Harm Truth-Telling Trust Utility. Informed Consent. Rationality and Free Will

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By: Ronald F. White, Ph.D. Professor of Philosophy College of Mount St. Joseph

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  1. Corporations and Consumers By: Ronald F. White, Ph.D. Professor of Philosophy College of Mount St. Joseph

  2. Introuction • Buyers and Sellers • Moral Principles • Liberty vs. Coercion • Beneficence • Harm • Truth-Telling • Trust • Utility

  3. Informed Consent • Rationality and Free Will • Contracts as Promises • Disclosure of Information • Known benefits • Known costs • Manipulation of Information

  4. Rationality and Free Will • Human Nature • Reason and Information • Free Will vs. Coercion • Respect for Persons • Offers • Exploitation • Beneficial • Harmful

  5. Vulnerable Populations • Children • Poor • Elderly • Mentally Ill • Uneducated • Desperate

  6. Truth In Advertising • Purpose of Advertising • Disclosure of Benefits and Harms • Persuasive Advertising • Coercive Advertising • Fraudulent Advertising • Deceptive Advertising • Manipulative Advertising • Self-Identity Image Advertising

  7. Issues in Advertising

  8. Sales • Salesmanship as Poker • Deception • Exaggeration (Puffery) • Bluffing • Salesmanship and Fiduciary Relationships • Asymmetrical Information • Technical transactions: Physicians, etc

  9. Product Safety • Issues • How safe is safe? • Individual, collective, and shared responsibility • Justice in compensation • Informational Problems • Knowledge of harm to specific individuals caused by a corporate product or service. • Knowledge of the specific cause of that harm • Individual v. collective responsibility • Corporate responsibility for employees and subcontractors.

  10. Fair Price • What is Price? • How does price affect stakeholders? • What is a Fair Price? • Unpatterned free market model • Opportunity based pricing • Competition • Quality • Price • Patterned regulatory model • Risk-based pricing • Cost-based pricing • Justice-Based Pricing • Merit, need, equality, utility

  11. Price-Related Issues • Monopolistic Behavior • Natural monopolies • Artificial monopolies (licensure, patents) • Market Segmentation (justice) • Needs and Wants • Desperation and Exploitation • Price Gouging • Opportunity based • Risk based • Cost based • Price Controls • Controversial Areas • Food, shelter, health care, education

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