IDEAS home Printed from https://ideas.repec.org/p/dae/daepap/10-06.html
   My bibliography  Save this paper

10-06 "Does Profit-Seeking Rule Out Love? Evidence (or Not) from Economics and Law"

Author

Listed:
  • Julie A. Nelson

Abstract

Many believe that firms are driven to maximize profits, and therefore are not allowed to take actions that would benefit their workers, communities, or the environment if these actions would reduce profits even slightly. This essay shows that this belief is supported neither by sound economic evidence and arguments, nor by United States statutory and case law. The roots of this belief are, instead, to be found in a centuries-old desire of economists to make our discipline look like Newtonian physics. Among scholars of law, both misinformation and the use of University of Chicago-style economics have contributed to the belief's popularity. Among scholars and the public alike, the dualistic "love or money" view is appealing because of its simplicity and congruence with cultural gender norms. Reexamining the evidence, rather than adhering to common ideologies, this essay offers an unconventional analysis of corporate behavior and commodification.

Suggested Citation

  • Julie A. Nelson, "undated". "10-06 "Does Profit-Seeking Rule Out Love? Evidence (or Not) from Economics and Law"," GDAE Working Papers 10-06, GDAE, Tufts University.
  • Handle: RePEc:dae:daepap:10-06
    as

    Download full text from publisher

    File URL: http://www.ase.tufts.edu/gdae/Pubs/wp/10-06ProfitSeekingAndLove.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Julie A. Nelson, "undated". "10-03 "The Relational Economy: A Buddhist and Feminist Analysis"," GDAE Working Papers 10-03, GDAE, Tufts University.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dae:daepap:10-06. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Erin Coutts) or (Alfredo Pereira). General contact details of provider: http://edirc.repec.org/data/gdtufus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.