Are profits deserved?

N. Scott Arnold has argued forcefully that, for the most part, those who win profits (and suffer losses) in a market economy deserve them. According to Arnold, profit opportunities arise when there are malallocations of resources, which entrepreneurs initiate changes in production to correct. If the...

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Bibliographic Details
Main Author: Brown, Grant A. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1992
In: Journal of business ethics
Year: 1992, Volume: 11, Issue: 2, Pages: 105-114
Further subjects:B Essential Point
B Market System
B Market Economy
B Income
B Economic Growth
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