The Moral Case for Profit Maximization
Seiten
2021
Lexington Books (Verlag)
978-1-4985-4265-4 (ISBN)
Lexington Books (Verlag)
978-1-4985-4265-4 (ISBN)
The Moral Case for Profit Maximization considers the moral status of profit maximization, arguing that profit maximization is moral when businessmen seek to maximize profit by forming values and cultivating the virtues.
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.
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.
Robert White is dean of faculty and assistant professor of philosophy at the American University in Bulgaria.
Introduction
Chapter One: The Questions of Profit Maximization
Chapter Two: Why Profit Maximization is Moral
Chapter Three: The Objective Value of Goods and Services
Chapter Four: The Virtues of Businessmen
Chapter Five: Clarifying Confusions About Profit Maximization
Chapter Six: Incomplete Defenses of Profit Maximization
Chapter Seven: The Inconvenient Truth About Corporate Social Responsibility
Conclusion
| Erscheinungsdatum | 06.08.2021 |
|---|---|
| Reihe/Serie | Capitalist Thought: Studies in Philosophy, Politics, and Economics |
| Verlagsort | Lanham, MD |
| Sprache | englisch |
| Maße | 154 x 219 mm |
| Gewicht | 363 g |
| Themenwelt | Sozialwissenschaften ► Politik / Verwaltung ► Politische Theorie |
| Wirtschaft ► Allgemeines / Lexika | |
| Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 1-4985-4265-4 / 1498542654 |
| ISBN-13 | 978-1-4985-4265-4 / 9781498542654 |
| Zustand | Neuware |
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