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Moral struggles in and around markets abound in contemporary societies where markets have become the dominant form of economic coordination. Reviewing research on morality and markets across disciplinary boundaries, this introductory essay suggests that a moral turn can currently be observed in scholarship, and draws a direct connection to recent developments in the sociology of morality. The authors introduce the chapters in the present volume “The Contested Moralities of Markets.” In doing so, the authors distinguish three types of moral struggles in and around markets: struggles around morally contested markets where the exchange of certain goods on markets is contested; struggles within organizations that are related to an organization’s embeddedness in complex institutional environments with competing logics and orders of worth; and moral struggles in markets where moral justifications are mobilized by a variety of field members who act as moral entrepreneurs in their striving for moralizing the economy. Finally, the authors highlight three properties of moral struggles in contemporary markets: They (1) arise over different objects, (2) constitute political struggles, and (3) are related to two broader social processes: market moralization and market expansion. The introduction concludes by discussing some of the theoretical approaches that allow particular insights into struggles over morality in markets. Collectively, the contributions in this volume advance our current understanding of the contested moralities of markets by highlighting the sources, processes, and outcomes of moral struggles in and around markets, both through tracing the creation, reproduction, and change of underlying moral orders and through reflecting the status and power differentials, alliances, and political strategies as well as the general cultural, social, and political contexts in which the struggles unfold.

Purpose – Due to an absence of dialogue between sociology and the neurosciences, the scientific study of morality largely ignores cultural and structural influences. This chapter offers a synthetic approach integrating these separate disciplines to aid a more complete understanding of morality.

Design/methodology/approach – This chapter reviews morality's bonding (a sense of groupness and belonging) and bounding (reproducing and reinforcing group boundaries) qualities across disciplines, and proposes three provisional principles to systematize an interdisciplinary model of morality. We then offer a preliminary illustration of how this model might be operationalized with functional MRI data.

Findings – Our proposed principles (as exemplified by our illustrative example) suggest that the sociology-neurology gap in understanding the domain of morality might shrink through an engagement with the underlying neural mechanisms that encompass issues of empathy, racial attitudes, and identity as potential platforms opening up a more “social” neuroscience.

Research limitations/implications – This chapter provides a starting-point for further research incorporating biological mechanisms into sociological theories in the area of morality. The illustrative case study should be replicated in a larger sample and/or in additional studies with different social groups.

Practical implications – This chapter is a useful source of information for sociologists seeking to find out more about the intersection of neuroscience and sociology as well as the neural dynamics of morality.

Originality/value – This chapter presents an introduction to an integrative approach recognizing our biological capacities for a socially constructed morality and the interaction between society and the mind. It includes one of the first sociologically oriented fMRI studies, offering avenues for new ways to bridge research disciplines.

In this chapter, we explore the importance of morality in groups. We draw from decades of research from multiple perspectives, including psychology, neuroscience, philosophy, and organizational science, to illustrate the range of ways that morality influences social attitudes and group behavior. After synthesizing the literature, we identify promising directions for business ethics scholars to pursue. We specifically call for greater research on morality at the meso, or group, level of analysis and encourage studies examining the complex relationship between moral emotions and the social environment. We ultimately hope that this work will provide new insights for managing moral behavior in groups and society.

Zygmunt Bauman's work is a case study in the possibilities of postmodernism for sociology. Characterized on the one hand by a gloomy epistemology about knowledge and morality in a postmodern world and on the other, by provocative new concepts to empirically describe a postmodern world, Bauman's work evidences a key tension within postmodern thought. Is it possible to reconcile Bauman's pessimistic epistemology with his optimistic sociology? My argument is that if we recast Bauman as a critical theorist and his method as dialectical immanent critique, we can see how his positive empirical concepts are based on his negative epistemology. In this way we can make sense of the complexity of Bauman's work and appreciate his prophetic abilities. The complexities and possibilities of postmodern thought in general become clearer as well.

This chapter covers basic concepts, ethical theories, and moral paradigms of corporate ethics for identifying, understanding, and responding to the turbulent market challenges of today. The concept, nature, and domain of ethics, business ethics, managerial ethics, and corporate executive ethics are defined and differentiated for their significance. The domain, scope, and nature of related concepts such as legality, ethicality, morality, and executive spirituality are distinguished and developed. Among normative and descriptive ethical theories that we briefly review and critique here are teleology or utilitarianism, deontology or existentialism, distributive justice, corrective justice, and ethics of malfeasance and beneficence. Other moral theories of ethics such as ethics of human dignity, ethics of cardinal virtues, ethics of trusting relations, ethics of stakeholder rights and duties, ethics of moral reasoning and judgment calls, ethics of executive and moral leadership, and ethics of social and moral responsibility will be treated in a later book. The thrust of this book is positive: despite our not very commendable track record in managing this planet and its resources, our basic questions are: Where are we now? What are we now? Where should we as corporations go, and why? What are the specific positive mandates and metrics to corporate executives to reach that desired destiny? This chapter explores responses to these strategic corporate questions.

This article combines Mead's notion of sociality with his implicit theory of morality. Specifically, it uses Mead's emphasis on temporality to analyze decisions made by key characters in the cinematic adaptation (Amazon TV) of Philip Dick's novel, The Man in the High Castle. Using a selective and subversive method to read into this adaptation, I regard Mead's view of morality as complex and as distinguishing between a morality in the specious present and a morality grounded in sociality. The paper links Mead and Mead's pragmatic emphasis to varieties of characters representing immoral foils (e.g., Nazis) and everyday lives to show how morality can emerge from a variety of standpoints, locating Mead's position as distinct from moral absolutism and moral relativity.