An ethical justification of profit maximization

Carsten Allan Koch

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

    Resumé

    In much of the literature on business ethics and corporate social responsibility, it is more or less taken for granted that attempts to maximize profits are inherently unethical. The purpose of this paper is to investigate whether an ethical argument can be given in support of profit maximizing behaviour. It is argued that some form of consequential ethics must be applied, and that both profit seeking and profit maximization can be defended from a rule-consequential point of view. It is noted, however, that the result does not apply unconditionally, but requires that certain form of profit (and utility) maximizing actions are ruled out, e.g., by behavioural norms or formal institutions.
    OriginalsprogEngelsk
    TidsskriftSociety and Business Review
    Vol/bind5
    Udgave nummer3
    Sider (fra-til)270-280
    Antal sider11
    ISSN1746-5680
    StatusUdgivet - 2010

    Emneord

    • Business ethics
    • Corporate social responsibility
    • Ethics
    • Friedman, Milton
    • Institutional analysis
    • Profit maximization

    Citer dette

    Koch, Carsten Allan. / An ethical justification of profit maximization. I: Society and Business Review. 2010 ; Bind 5, Nr. 3. s. 270-280.
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    An ethical justification of profit maximization. / Koch, Carsten Allan.

    I: Society and Business Review, Bind 5, Nr. 3, 2010, s. 270-280.

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

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    KW - Corporate social responsibility

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    KW - Friedman, Milton

    KW - Institutional analysis

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