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Item Details
Title: PROFITS AND MORALITY
By: Robin Cowan (Editor), Mario J. Rizzo (Editor)
Format: Hardback

List price: £45.00
Our price: £40.50
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10% off
You save: £4.50
ISBN 10: 0226116328
ISBN 13: 9780226116327
Availability: Usually dispatched within 1-3 weeks.
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Publisher: THE UNIVERSITY OF CHICAGO PRESS
Pub. date: 1 May, 1995
Edition: 2nd ed.
Pages: 192
Description: Through the lenses of economics, philosophy and law, these six essays explore the morality of profits from libertarian, utilitarian and consequentialist perspectives. The contributors present arguments for and against the morality of profit-making.
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.
Illustrations: 3 line drawings
Publication: US
Imprint: University of Chicago Press
Returns: Returnable
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