v1n14: Hussain Responds to Singer on Profit MaximizationPosted: June 28, 2013
“Tools and Marriages,” by Waheed Hussain
A RESPONSE TO Abraham Singer (2013), “What is the Best Way to Argue Against the Profit-Maximization Principle?”, Bus Ethics J Rev 1(12): 76-81.
Abstract: Singer thinks that my argument does not give adequate consideration to the role that markets play in Jensen’s work. The problem with this objection is that Singer considers only the perspective of those who transact with corporations, not the perspective of those who participate in them. I think that there is actually less distance between my view and Singer’s view than it may seem. In a sense, I share Singer’s “political view” of the corporation, but I conceive of the corporation as a legal institution, rather than an extension of the state or a concession provided by the state.
To download the full PDF, click here: Hussain Responds to Singer.