Prosperity should be companies' main objective
Professor Machan argues that business does something morally worthwhile when it pursues profit, when prosperity is taken to be its main objective. Nevertheless, companies should exercise appropriate concern for other decent objectives apart from profit.
Stakeholder theory and notions of corporate social responsibility may threaten the ethical pursuit of business by introducing compulsion and undermining private property rights. No good deed can be regarded as morally responsible if it is done because it is coerced.
2007, Discussion Paper 17
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Misguided Virtue: False Notions of Corporate Social Responsibility by David Henderson.
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Just Business by Elaine Sternberg.