Understanding the wrong of exploitation

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Brian Berkey, Associate Professor of Legal Studies & Business Ethics, Wharton School, University of Pennsylvania, will be the guest speaker for a seminar hosted by Alan Morrison, Intesa Sanpaolo Professor of Business, Ethics, and Finance at Saïd Business School, University of Oxford, and Rita Mota, Assistant Professor, Department of Society, Politics and Sustainability at Esade Business School, and an International Research Fellow at the Oxford University Centre for Corporate Reputation.
In this talk, Brian will argue that the wrong of exploitation is best understood as consisting, most fundamentally, in the extraction by the exploiting party of an unjustifiably large share of the benefits that are produced by economic activity conducted on terms that they have used their bargaining power to secure, in conditions in which they had a positive duty to benefit others by refraining from seeking or accepting benefits of that magnitude. An important feature of this view is that, contrary to the dominant views in the literature, it doesn’t rely on the claim that the exploiter’s transaction partner(s), in particular, are necessarily entitled to a greater share of the benefits than they in fact receive.
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