David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 11 (2):105 - 114 (1992)
N. Scott Arnold has argued forcefully that, for the most part, those who win profits (and suffer losses) in a market economy deserve them. According to Arnold, profit opportunities arise when there are malallocations of resources, which entrepreneurs initiate changes in production to correct. If they succeed, they simultaneously further the essential point of the market system — to meet the needs and wants of consumers — and they make profits; if they do not, then they stand to suffer losses. I argue that the structure of modern corporate enterprises tends to channel income into the hands of those whose entrepreneurial contribution is diminishingly small — namely stockholders — and away from those within the firm who genuinely participate in the entrepreneurial role.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Radu Vranceanu (2014). Corporate Profit, Entrepreneurship Theory and Business Ethics. Business Ethics: A European Review 23 (1):50-68.
Similar books and articles
Sigmund Wagner-Tsukamoto (2007). Moral Agency, Profits and the Firm: Economic Revisions to the Friedman Theorem. [REVIEW] Journal of Business Ethics 70 (2):209 - 220.
N. Scott Arnold (1987). Why Profits Are Deserved. Ethics 97 (2):387-402.
David E. Schrader (1987). The Corporation and Profits. Journal of Business Ethics 6 (8):589 - 601.
Johan J. Graafland (2002). Profits and Principles: Four Perspectives. [REVIEW] Journal of Business Ethics 35 (4):293 - 305.
Michael J. Fischer (2000). Luca Pacioli on Business Profits. Journal of Business Ethics 25 (4):299 - 312.
Edmund R. Gray (2007). Financial Management Practices of Socially Responsible Entrepreneurs. Business and Professional Ethics Journal 26 (1/4):71-99.
S. Prakash Sethi (2003). Globalization and the Good Corporation: A Need for Proactive Co-Existence. [REVIEW] Journal of Business Ethics 43 (1-2):21 - 31.
John Christman (1988). Entrepreneurs, Profits, and Deserving Market Shares. Social Philosophy and Policy 6 (01):1-.
Patrick Primeaux & John Stieber (1997). Managing Business Ethics and Opportunity Costs. Journal of Business Ethics 16 (8):835-842.
Stephen Kershnar (2005). Giving Capitalists Their Due. Economics and Philosophy 21 (1):65-87.
Added to index2009-01-28
Total downloads20 ( #90,207 of 1,102,037 )
Recent downloads (6 months)2 ( #192,049 of 1,102,037 )
How can I increase my downloads?