Volume 1, Issue 12, 2013
Abraham Singer
Pages 76-81
What is the Best Way to Argue Against the Profit- Maximization Principle?
This brief paper engages with Hussain’s critique of what he refers to as the “efficiency argument for profit maximization.” Here I argue that Hussain’s strategy of seeing the corporation as an extension of the private sphere is not a very effective way of challenging the profit-maximization norm.