Profits & Morality - Hardcover

Cowan, R

Hardcover

ISBN 10: 0226116328 ISBN 13: 9780226116327

Publisher: University of Chicago Press, 1995

Synopsis

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 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 rights to profits from economic rent; the morality of how profits are used - those directed towards library or university endowments, for example, are considered morally acceptable; and whether or not profits are deserved.

About this title

From the Back Cover

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 more general consequentialist perspectives. Presenting arguments for and against the morality of profit making, the contributors examine the nature of profits and the ethical theories that 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.

Edition details

• Publisher: University of Chicago Press
• Publication date: 1995
• Language: English
• ISBN 10: 0226116328
• ISBN 13: 9780226116327
• Binding: Hardcover
• Edition number: 2
• Number of pages: 192