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A Note on Profit, Loss, and Social Responsibility

New Perspectives on Political Economy, Forthcoming

10 Pages Posted: 24 Apr 2009  

Art Carden

Brock School of Business, Samford University; Independent Institute

Date Written: April 20, 2009

Abstract

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.

Keywords: profit, loss, social responsibility

JEL Classification: B53, D63, L21, L26, P11, P12, P14, P17

Suggested Citation

Carden, Art, A Note on Profit, Loss, and Social Responsibility (April 20, 2009). New Perspectives on Political Economy, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1392427

Art Carden (Contact Author)

Brock School of Business, Samford University ( email )

800 Lakeshore Drive
Birmingham, AL 35229
United States

HOME PAGE: http://www.artcarden.com

Independent Institute ( email )

100 Swan Way
Oakland, CA 94621-1428
United States

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