The Moral Case for Profit Maximization

Released on by Robert White
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  • The Moral Case for Profit Maximization Book Detail

  • Author : Robert White
  • Release Date : 2020-04-01
  • Publisher : Rowman & Littlefield
  • Genre : Business & Economics
  • Pages : 241
  • ISBN 13 : 1498542646
  • File Size : 43,43 MB
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The Moral Case for Profit Maximization by Robert White PDF Summary

Book Description: The Moral Case for Profit Maximization argues that profit maximization is moral when businessmen seek to maximize profit by creating goods or services that are of objective value. Traditionally, profit maximization has been defended on economic grounds. Profit, economists argue, incentivizes businessmen to produce goods and services. In this view, businessmen do not need to be virtuous as long as they deliver the goods. It challenges the traditional defense of profit maximization, arguing that profit maximization is morally ambitious because it requires businessmen to form normative abstractions and to cultivate a virtuous character. In so doing, the author also challenges the moral basis of corporate social responsibility. Proponents of CSR argue that businessmen can do good while doing well. This book argues that businessmen already do good by maximizing profit, drawing upon the histories of the wheel, the refrigerator, and the shipping container, as well as the biographies of J. P. Morgan, John D. Rockefeller, and Thomas Edison to demonstrate the role of values in the creation of material goods and the role of the virtues in value creation. The author challenges readers to rethink the relationship between profit, value, and virtue.

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The Moral Case for Profit Maximization

The Moral Case for Profit Maximization

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The Moral Case for Profit Maximization argues that profit maximization is moral when businessmen seek to maximize profit by creating goods or services that are

Profit Maximization

Profit Maximization

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Primeaux and Stieber clearly articulate that good ethics maximize profits. The authors show that in the long run business must operate within the value systems