Dogma of Profit Maximization
Journal Title: SEISENSE Journal of Management - Year 2018, Vol 1, Issue 2
Abstract
This essay is a philosophical enquiry into the dogma of profit maximization as one of t he dogma premises of capitalism. Being attracted by the cyclical nature of financial crises as an existential challenge the case is argued to be biased and undemocratic in presence of profit maximization as a guiding principle. Philosophy as un - dogmatic procedure seems suitably sustained to keep the notion of maximization alive and leaves ground to draw valid arguments considering theory of greater good and justice. The epistemological approach to understand the efficiency argument as defended seems vagu e to establish justice, stability and economic democracies. Bottom up approach may resolve the issue using evident and biased ruling of interest tax deductibility under maximization approach and gain greater good and justice at all levels. According to reasonable judgment of consequences “equitable and sustainable wealth creation” tends to be more valid corporate guiding principle negating “maximization of profit” .
Authors and Affiliations
Qamar Uz Zaman Malik
Keywords
Related Articles
- EP ID EP39062
- DOI 10.5281/zenodo. 1228047
- Views 311
- Downloads 0
An Investigation of the Diversification Roles of Contractor
The construc tion sector is facing a period of change due to the uprising used of new technology and innovation, movement of the industry towards sustainable construction, emphasis on strategic alliances...
Compliance of Financial Statements of Islamic Banks of Pakistan with AAOIFI Guidelines in General Presentation and Disclosure
Obj ective - This study intends to investigate the extent of voluntary financial reporting compliance made by Islamic banks of Pakistan as suggested by Islamic accounting standards (i.e. AAOIFI...
Impact of Corporate Social Responsibility on Job Attitudes: Job Satisfaction and Organizational Commitment of Banking Sector Employees of Pakistan
T he study i s conducted to highlight the employees’ perspective of CSR in b anking sector of Pakistan and its impact on their job attitudes: job satisfaction and organizational commitment . Pri...
Talent Management and Workers’ Commitment
Purpose: This investigates the relationship between talent management and workers’ commitment to oil and gas firms in Nigeria using a cross - sectional survey. Ten oil and gas servicing firms were survey...
The Mediating Effect of Intellectual Capital on Corporate Governance and Performance of Conglomerates in Nigeria
Purp ose : T he nature of diversification in the form of conglomerates is the research theme for this study. Thus, CG’s functions on FP on conglomerates firms of Nigerian economy was studied wh...