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Journal of Business Ethics

, Volume 13, Issue 4, pp 287–294 | Cite as

Profit maximization: The ethical mandate of business

  • Patrick Primeaux
  • John Stieber
Article

Abstract

The authors propose a model for business ethics which arises directly from business practice. This model is based on a behavioral definition of the economic theory of profit maximization and situates business ethics within opportunity costs. Within that context, they argue that good business and good ethics are synonymous, that ethics is at the heart and center of business, that profits and ethics are intrinsically related.

Keywords

Economic Growth Business Ethic Economic Theory Opportunity Cost Business Practice 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1994

Authors and Affiliations

  • Patrick Primeaux
    • 1
    • 2
  • John Stieber
    • 1
    • 2
  1. 1.Department of Theology and Religious StudiesSt. John's UniversityJamaicaUSA
  2. 2.Department of Finance, Edwin L. Cox School of BusinessSouthern Methodist UniversityDallasUSA

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