A Note on Profit, Loss, and Social Responsibility
affiliation not provided to SSRN
April 20, 2009
New Perspectives on Political Economy, Forthcoming
This short note discusses the role of profits and losses in organizing information. I explore the ethical status of a firm earning losses and argue that to earn a loss reveals important information about the production plans that are likely to be successful. I further argue that the information revealed in a profit-and-loss economy is socially beneficial.
Number of Pages in PDF File: 10
Keywords: profit, loss, social responsibility
JEL Classification: B53, D63, L21, L26, P11, P12, P14, P17Accepted Paper Series
Date posted: April 24, 2009
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