Forget Maximizing Profit. Let’s Be Merely Profitable.
A different take on the mission of a modern company.
Forget Maximizing Profit. Let’s Be Merely Profitable.Munich Security Conference / Kuhlmann
Is everyone who participates in a capitalist economy—from store clerks to tech titans—more or less equally important to that economy’s healthy functioning? Or is there a special class of people who are truly essential to capitalism? Some thinkers have emphasized the monumental cooperative effort that’s required to produce the most mundane of products, while others, such as the novelist Ayn Rand, have focused on the elite few whose world-changing ideas and inventions are rocket fuel to the engine of commerce. As Chicago Booth’s John Paul Rollert explains, whichever view you lean toward may have implications for your ideas about inequality.
A different take on the mission of a modern company.
Forget Maximizing Profit. Let’s Be Merely Profitable.Newly digitized data gave Chicago Booth’s Richard Hornbeck and his coauthors new insight into women-owned manufacturing companies and their proprietors.
Line of Inquiry: Richard Hornbeck on the Virtuous Cycle of Women’s Participation in 19th-Century ManufacturingOne idea for helping consumers avoid debt traps didn’t work in a UK experiment, partly because people didn’t have the funds.
Paying Off Credit-Card Debt May Take More Than a NudgeYour Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.