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The trouble with profit maximization*
DOI link for The trouble with profit maximization*
The trouble with profit maximization* book
The trouble with profit maximization*
DOI link for The trouble with profit maximization*
The trouble with profit maximization* book
ByYuri Biondi, Arnaldo Canziani, Thierry Kirat
Edition 1st Edition
First Published 2007
Imprint Routledge
Pages 15
eBook ISBN 9780429240607
ABSTRACT
I have finally concluded that the trouble stems from the assumption in most
college economics texts and college classrooms that the objective of a business is
to maximize profits. Unhappily, this assumption is not confined to the campus.
Countless writers of fiction and non-fiction have seemingly taken it for granted
that management’s purpose is to maximize profits. Lawyers, labor union
spokesmen, and government officials often indicate that they share the same belief.