Business ethics and health care: A stakeholder perspective

Mattia J. Gilmartin, R. Edward Freeman

Research output: Contribution to journalReview articlepeer-review


This article examines the recent controversy in health care delivery about whether it should be conceptualized as a business. The current debate implicitly appeals to a common understanding of business and business practices that is no longer very useful. This common notion, which the authors call "cowboy capitalism," conceptualizes business as a competitive jungle resting on self-interest and an urge for competition in order to survive. The authors suggest that stakeholder capitalism offers a more useful framework for the dialogue about health care reform.

Original languageEnglish (US)
Pages (from-to)52-65
Number of pages14
JournalHealth Care Management Review
Issue number2
StatePublished - 2002


  • Health care as a business
  • Innovation
  • Stakeholder capitalism
  • Stakeholder management

ASJC Scopus subject areas

  • Leadership and Management
  • Health Policy
  • Strategy and Management


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