This commentary finds much to like about the work of Professor Thomas I. White, “Business, Ethics, and Carol Gilligan's ‘Two Voices.” (Vol. 2, No. 1, January 1992) At the same time it suggests further work is needed on the following points: (1) White must consider how males respond to dilemmas if he hopes to articulate a difference between male and female methods of responding; (2) White must support his conclusion that the “ethics of care” is the ethic most likely to produce the results that he assumes to be true, and further explain why he thinks that the studies he chooses support the “ethics of care,” and (3) White must explain why the “ethics of care” is not just as likely to produce a result opposite to that found by researchers.

This paper examines how unethical behavior in the workplace occurs when management places inordinately strong emphasis on goal attainment without a corresponding emphasis on following legitimate procedures. Robert Merton’s theory of social structure and anomie provides a foundation to discuss this argument. Key factors affecting ethical climates in work organizations are also addressed. Based on this analysis, the paper proposes strategies for developing and changing aspects of organizational culture to reduce anomie, thereby creating work climates which discourage unethical practices and provide employees with mechanisms to resolve ethical conflicts in a constructive way.

In all the criticisms that have shadowed the financial industry in recent years, the burden seems to be, that the reckless (as opposed to malicious) bankers too often took money of which they were the appointed stewards, and used it for speculation, especially in junk bonds. As Shaheen Borna and James Lowry argue in their “Gambling and Speculation” (the only article on gambling that I was able to raise on my computer) business speculation is probably wrong, since it is very like gambling, which everyone knows is wrong. But why is gambling wrong? If we, as the ethicists of business, are to adopt an uncharacteristically judgmental posture toward the most venerable American institutions, occupying the tallest and closest of American buildings, by calling their residents “gamblers,” then surely we ought to be able to provide an account of the blameworthiness of gambling itself. That, at any rate, is the challenge I set myself for this paper.

This study tests the popular claim that the DJIA's movements around key reference points affect “investor sentiment” and thus price behavior. It is found that the DJIA's rise and fall is indeed restrained by “support” and “resistance” levels at multiples of 100 (e.g., 2800, 2900, 3000, etc.) but that, having broken through a 100-level, the DJIA then moves by more than otherwise warranted. A Monte Carlo study and comparisons with other indices confirm the significance of these findings. This suggests that some agents may trade on the basis of the DJIA but does not necessarily suggest that the market is inefficient.