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The Moral Case For Profit Maximization
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Book Synopsis The Moral Case for Profit Maximization by : Robert White
Download or read book The Moral Case for Profit Maximization written by Robert White and published by Rowman & Littlefield. This book was released on 2020-04-01 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Profit Maximization by : Patrick Primeaux
Download or read book Profit Maximization written by Patrick Primeaux and published by Austin & Winfield Publishers. This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 of a society.
Book Synopsis Morality, Competition, and the Firm by : Joseph Heath
Download or read book Morality, Competition, and the Firm written by Joseph Heath and published by Oxford University Press. This book was released on 2014-08-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of provocative essays, Joseph Heath provides a compelling new framework for thinking about the moral obligations that private actors in a market economy have toward each other and to society. In a sharp break with traditional approaches to business ethics, Heath argues that the basic principles of corporate social responsibility are already implicit in the institutional norms that structure both marketplace competition and the modern business corporation. In four new and nine previously published essays, Heath articulates the foundations of a "market failures" approach to business ethics. Rather than bringing moral concerns to bear upon economic activity as a set of foreign or externally imposed constraints, this approach seeks to articulate a robust conception of business ethics derived solely from the basic normative justification for capitalism. The result is a unified theory of business ethics, corporate law, economic regulation, and the welfare state, which offers a reconstruction of the central normative preoccupations in each area that is consistent across all four domains. Beyond the core theory, Heath offers new insights on a wide range of topics in economics and philosophy, from agency theory and risk management to social cooperation and the transaction cost theory of the firm.
Book Synopsis Profits and Morality by : Robin Cowan
Download or read book Profits and Morality written by Robin Cowan and published by University of Chicago Press. This book was released on 1995 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are profits morally justifiable? While neoclassical economists have traditionally endorsed the pursuit of profits, many moral philosophers have challenged profit making on a variety of ethical grounds. Through the lenses of economics, philosophy, and law, these six essays explore the morality of profits from libertarian, utilitarian, and consequentialist perspectives. Presenting arguments for and against the morality of profit making, the contributors examine the nature of profits and which ethical theories can support them. Two essays address how profits are made: one explores entrepreneurship as a legitimate source of profit, while another argues that recent advances in welfare economics weaken the case for the morality of profits. The other chapters focus on ethical theory, covering the right to profits from economic rent; the morality of how profits are used—those directed toward library or university endowments, for example, are considered morally acceptable—and whether or not profits are deserved.
Book Synopsis For-Profit Enterprise in Health Care by : Institute of Medicine
Download or read book For-Profit Enterprise in Health Care written by Institute of Medicine and published by National Academies Press. This book was released on 1986-01-01 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: "[This book is] the most authoritative assessment of the advantages and disadvantages of recent trends toward the commercialization of health care," says Robert Pear of The New York Times. This major study by the Institute of Medicine examines virtually all aspects of for-profit health care in the United States, including the quality and availability of health care, the cost of medical care, access to financial capital, implications for education and research, and the fiduciary role of the physician. In addition to the report, the book contains 15 papers by experts in the field of for-profit health care covering a broad range of topicsâ€"from trends in the growth of major investor-owned hospital companies to the ethical issues in for-profit health care. "The report makes a lasting contribution to the health policy literature." â€"Journal of Health Politics, Policy and Law.
Book Synopsis "Are Economists Basically Immoral?" by : Paul T. Heyne
Download or read book "Are Economists Basically Immoral?" written by Paul T. Heyne and published by . This book was released on 2008 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: ""Art Economists Basically Immoral?" and Other Essays on Economics, Ethics, and Religion is a collection of Heyne's essays focused on an issue that preoccupied him throughout his life and which concerns many free-market skeptics - namely, how to reconcile the apparent selfishness of a free-market economy with ethical behavior." "Written with the nonexpert in mind, and in a highly engaging style, these essays will interest students of economics, professional economists with an interest in ethical and theological topics, and Christians who seek to explore economic issues."--BOOK JACKET.
Book Synopsis The Moral Foundation of Economic Behavior by : David C. Rose
Download or read book The Moral Foundation of Economic Behavior written by David C. Rose and published by OUP USA. This book was released on 2011-11-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: It then identifies specific characteristics that moral beliefs must have for the people who possess them to be regarded as trustworthy.
Book Synopsis How to be Profitable and Moral by : Jaana Woiceshyn
Download or read book How to be Profitable and Moral written by Jaana Woiceshyn and published by University Press of America. This book was released on 2011-12-23 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: A basic dilemma confronting today’s manager is how to be both profitable and moral. Making profits through immoral means—such as deceiving investors or customers—is unsustainable. Likewise, remaining moral while losing money will cause a business to fail. According to conventional morality, either a business manager maximizes profits and necessarily compromises on ethics, or necessarily sacrifices profits in order to be moral. Woiceshyn explains why this is a false dichotomy and offers rational egoism as an alternative moral code to businesspeople who want to maximize profits ethically. Through logical argument and various examples, this book shows how to apply principles such as rationality, productiveness, honesty, justice, and pride for long-term self-interest.
Book Synopsis Risk, Uncertainty and Profit by : Frank H. Knight
Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Book Synopsis The Moral Foundations of Social Institutions by : Seumas Miller
Download or read book The Moral Foundations of Social Institutions written by Seumas Miller and published by Cambridge University Press. This book was released on 2010 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seumas Miller provides an exciting new philosophical theory of contemporary social institutions and the ethical challenges they confront.
Book Synopsis Generalized Microeconomics by : Jiří Hlaváček
Download or read book Generalized Microeconomics written by Jiří Hlaváček and published by Karolinum Press. This book was released on 2014-02-01 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: The generalization of microeconomics enables model descriptions of economic rationality, even in fields that standard microeconomics more or less avoids, like nonprofit sectors of market economies, altruism, or externalities. Here, the authors broaden the scope of microeconomics while treating standard profit maximization as a special case. They argue, ultimately, that the generalizing criterion is a Darwinian maximization of the probability of survival.
Book Synopsis Encyclopedia of Corporate Social Responsibility by : Samuel O. Idowu
Download or read book Encyclopedia of Corporate Social Responsibility written by Samuel O. Idowu and published by Springer. This book was released on 2013-01-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of Corporate Social Responsibility in the business world has developed from a fig leaf marketing front into an important aspect of corporate behavior over the past several years. Sustainable strategies are valued, desired and deployed more and more by relevant players in many industries all over the world. Both research and corporate practice therefore see CSR as a guiding principle for business success. The “Encyclopedia of Corporate Social Responsibility” has been conceived to assist researchers and practitioners to align business and societal objectives. All actors in the field will find reliable and up to date definitions and explanations of the key terms of CSR in this authoritative and comprehensive reference work. Leading experts from the global CSR community have contributed to make the “Encyclopedia of Corporate Social Responsibility” the definitive resource for this field of research and practice.
Book Synopsis Defending the Free Market by : Robert Sirico
Download or read book Defending the Free Market written by Robert Sirico and published by Regnery Publishing. This book was released on 2012-05-22 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Left has seized on our economic troubles as an excuse to “blame the rich guy” and paint a picture of capitalism and the free market as selfish, greedy, and cruel. Democrats in Congress and “Occupy” protesters across the country assert that the free market is not only unforgiving, it’s morally corrupt. According to President Obama and his allies, only by allowing the government to heavily control and regulate business and by redistributing the wealth can we ensure fairness and compassion. Exactly the opposite is true, says Father Robert A. Sirico in his thought–provoking new book, Defending the Free Market: The Moral Case for a Free Economy. Father Sirico argues that a free economy actually promotes charity, selflessness, and kindness. And in Defending the Free Market, he shows why free-market capitalism is not only the best way to ensure individual success and national prosperity but is also the surest route to a moral and socially–just society. In Defending the Free Market, Father Sirico shows: Why we can’t have freedom without a free economy Why the best way to help the poor is to a start a business Why charity works—but welfare doesn't How Father Sirico himself converted from being a leftist colleague of Jane Fonda and Tom Hayden to recognizing the merits of a free economy. In this heated presidential election year, the Left will argue that capitalism may produce winners, but it is cruel and unfair. Yet as Sirico proves in Defending the Free Market, capitalism does not simply provide opportunity for material success, but it ensures a more ethical and moral society as well.
Book Synopsis The Role of Business in Global Governance by : A. Flohr
Download or read book The Role of Business in Global Governance written by A. Flohr and published by Springer. This book was released on 2010-01-13 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Role of Business in Global Governance offers an empirically rich analysis of the new political role of corporations in the co-performance of governance functions beyond the state. Within comparative case studies, potential explanations of the political role of transnational corporations are systematically tested.
Book Synopsis Freedom, Eudaemonia, and Risk by : Kathleen Touchstone
Download or read book Freedom, Eudaemonia, and Risk written by Kathleen Touchstone and published by Rowman & Littlefield. This book was released on 2020-12-04 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kathleen Touchstone applies the philosophies of Objectivism, rule-utilitarianism, and neo-Aristotelianism to strategies of risk management. She proposes a risk index model which accounts for probability, virtue, and consequences, utilizing philosophical insight into the gauging of success.
Book Synopsis Transcendent Development by : Andani Thakhathi
Download or read book Transcendent Development written by Andani Thakhathi and published by Emerald Group Publishing. This book was released on 2022-01-28 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transcendent Development contains morally courageous, creative storytelling prose offering paradigm shifts, empirical evidence and surprising “antenarratives” that explain how a harmonious Africa may be realised, starting in the Mother Continent’s Southern-most tip.
Book Synopsis Corporations and Morality by : Thomas Donaldson
Download or read book Corporations and Morality written by Thomas Donaldson and published by Englewood Cliffs, N.J. : Prentice-Hall. This book was released on 1982 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt:
