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Why profits are deserved

Ethics 97 (2):387-402 (1987)

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  1. Corporate profit, entrepreneurship theory and business ethics.Radu Vranceanu - 2014 - Business Ethics, the Environment and Responsibility 23 (1):50-68.
    Economic profit is produced by entrepreneurs, those special individuals able to detect and seize as yet unexploited market opportunities. Many large capitalist firms manage to deliver positive profits even in the most competitive environments. They can do so, thanks to internal entrepreneurs, a subset of their employees able to drive change and develop innovation in the workplace. This paper argues that the goal of increasing economic profit is fully consistent with the corporation doing good for society. However, there is little (...)
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  • Desert and Economic Interdependence.Evan Behrle - forthcoming - Journal of Philosophy.
    Outside of philosophy, the idea that workers deserve to be paid according to their productive contributions is very popular. But political philosophers have given it relatively little attention. In this paper, I argue against the attempt to use this idea about desert and contribution to vindicate significant income inequality. I claim that the inegalitarian invocation of reward according to contribution fails on its own terms when the following condition holds: the size of each worker's contribution depends on what others only (...)
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  • The Principle of Merit and the capital-labour split.Jeppe von Platz - 2022 - Economics and Philosophy 38 (1):1-23.
    Some meritocratic defenders of capitalism rely on the principle that cooperators should receive a share of the product commensurate with their contribution. However, such defences of capitalism fail due to a dilemma. Either they rely on an understanding of contribution that arguably will be reflected by the capital-labour split in suitably idealized capitalist economies, but cannot serve as a plausible standard of merit; or they rely on an interpretation of contribution that is a plausible standard of merit, but which won’t (...)
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  • Locke on land and labor.Daniel Russell - 2004 - Philosophical Studies 117 (1-2):303-325.
  • Can Capitalism Be Grounded on a Finders-Keepers Ethic?Guido Pincione - 1992 - Ratio Juris 5 (2):202-211.
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  • Measurement and desert: Why grades cannot be deserved.Toby Napoletano - 2021 - Thought: A Journal of Philosophy 10 (4):282-292.
    It is typically thought that a student deserves—or at least can deserve—a grade in a class. The students who perform well on assessments, who display a high degree of competence, and who complete all of the required work, deserve a good grade. Students who perform poorly on assessments, who fail to understand the course material, and who fail to complete the required work, deserve a bad grade. In this paper, I raise a challenge to this conventional view about grades. In (...)
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  • Desert is a dyadic relation.Toby Napoletano - 2022 - Analysis 82 (4):600-607.
    The orthodox view of the metaphysics of desert is that desert is a triadic relation that obtains between a subject, an object and a desert base. Not only is this view lacking in motivation, but conceiving of the desert base as part of the desert relation renders the concept of desert incoherent. Instead, desert should be thought of as a dyadic relation between a subject and an object, where desert bases are simply the grounds for dyadic desert facts.
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  • Can Essentiality of Origin Save Meritocracy From The Luck Objection?Toby Napoletano - 2022 - Philosophia 51 (2):883-895.
    Rawls famously argued against meritocratic conceptions of distributive justice on the grounds that the accumulation of merit is an unavoidably lucky process, both because of differences in early environment, and innate talents. Thomas Mulligan (2018a) has recently provided a novel defense of meritocracy against the “luck objection”, arguing that both sources of luck would be mostly eliminated in a meritocracy. While a system of fair equality of opportunity ensures that differences in social class or early environment do not lead to (...)
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  • Desert in liberal justice: beyond institutional guarantees.J. P. Messina - 2016 - Canadian Journal of Philosophy 46 (2):248-267.
    I argue that a theory of distributive justice is sensitive to desert if and only if it does not require an institutional scheme that prevents individuals from treating one another as they deserve, and requires a desert ethos. A desert ethos is a set of principles that, though not embodied in a society’s basic coercive structure, nevertheless governs interpersonal relations between citizens. These two necessary conditions are jointly sufficient for ‘giving desert its due’ in a theory of justice. I therefore (...)
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  • Entrepreneurial Stewardship: Why Some Profits Should Be Used to Benefit Others.Jooho Lee - 2020 - Business Ethics Quarterly 30 (4):525-551.
    ABSTRACTEntrepreneurs should act as stewards of entrepreneurial rent. Entrepreneurial rent is the difference between the ex post value of a venture and its ex ante costs. It is the result of competition among buyers and sellers within the market process rather than the sole efforts of the entrepreneur. As a result, entrepreneurs should allocate entrepreneurial rent for the benefit of other market participants rather than consuming it for themselves. The moral obligation to steward entrepreneurial rent is consistent with traditional bases (...)
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  • Just Wages, Desert, and Pay-What-You-Want Pricing.Teun Dekker - 2018 - Erasmus Journal for Philosophy and Economics 11 (2):144-162.
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  • Ethics 1965–90.Sarah Conly - 2015 - Ethics 125 (4):1114-1118.
  • Entrepreneurs, Profits, and Deserving Market Shares.John Christman - 1988 - Social Philosophy and Policy 6 (1):1.
    The question I wish to take up in this paper is whether competitive markets, as mechanisms that initiate the distribution of scarce goods, allocate those goods in accordance with what participants in those markets deserve. I want to argue that in general people do not in fact deserve what they get from market interactions, when “what they get” is determined by the competitive forces coming to bear on the market. This more general claim is meant to apply to all participants (...)
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  • Global Distributive Justice, Entitlement, and Desert.Gillian Brock - 2005 - Canadian Journal of Philosophy, Supplementary Volume 31 (sup1):109-138.
    The facts of global poverty are staggering. Consider, for instance, how 1.5 billion people subsist below the international poverty line, which means about a quarter of the world's current population lives in poverty. There is much talk about how freer markets will help the situation of these people, in particular how it will help the worst off. So far the evidence for this claim is fairly unclear. ‘At any rate, on several accounts, alleviating the worst aspects of poverty would impose (...)
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  • Institutions and the Normativity of Desert.Sorin Baiasu - 2007 - Contemporary Political Theory 6 (2):175-195.
    The question of whether desert depends on institutions or institutions on desert continues to divide politicians and political theorists, particularly in disputes over the justification of the welfare state. Even though it is a significant question with direct relevance for issues of economic justice, little has been done so far to evaluate the various positions in dispute and to make explicit the concepts involved. In this paper, I first present the main senses in which the concepts of desert, dependence and (...)
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  • Debate: The normative pluralism of desert.Sorin Baiasu - 2006 - Journal of Political Philosophy 14 (2):226–237.
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  • Debate: The Normative Pluralism of Desert.Sorin Baiasu - 2006 - Journal of Political Philosophy 14 (2):226-237.
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  • Desert.Owen McLeod - 2008 - Stanford Encyclopedia of Philosophy.
  • Philosophy of Contract Law.Daniel Markovits & Emad Atiq - 2021 - Stanford Encyclopedia of Philosophy.
    The law of contracts, at least in its orthodox expression, concerns voluntary, or chosen, legal obligations. When Brody accepts Susan’s offer to sell him a canoe for a set price, the parties’ choices alter their legal rights and duties. Their success at changing the legal landscape depends on a background system of rules that specify when and how contractual acts have legal effects, rules that give the offer and acceptance of a bargain-exchange a central role in generating obligations. Contract law (...)
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  • A Unified Theory Of Intrinsic Value.Stephen Kershnar - 2007 - Reason Papers 29:19-40.
    There is a series of candidates for the ground of intrinsic value. Different theories posit that the ground consists of some or all of the following: types of experiences, desire-satisfaction, virtue, meaningful relationships, true beliefs, desert-satisfaction, etc. The ground can be local or global depending on whether it grounds value of a spatial, temporal, or fact-specific part of the universe (e.g., Jones enjoying this ice cream) or all facts considered (e.g., the universe over time). In this paper, I argue that (...)
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  • Individually Allocating Principles and Market Risks.Tobey Scharding - 2016 - Public Affairs Quarterly 30 (3):259-279.
    This paper investigates one of Anderson’s (2007) objections to individually-allocating principles of distributive justice: that they are incompatible with the free market. I argue that Anderson’s objection applies only to the specific principle she discusses, associated with luck egalitarianism, and not to individually-allocating principles generally. I then discuss different individually-allocating principles, the precepts of justice, broached by Rawls (1971,1999) but never developed by him. The precepts determine people’s distributive entitlements based on their contributions, efforts, and needs. I offer an interpretation (...)
     
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  • On Being Deserving.James Owen McLeod - 1995 - Dissertation, University of Massachusetts Amherst
    The concept of desert is familiar to everyone. We have all heard that wrongdoers deserve punishment, that the virtuous deserve happiness, that hard workers deserve success, that innocent victims deserve compensation, that everyone deserves an adequate level of medical care, that no one deserves to be born handicapped, and so on. ;From these sayings, it is clear that desert is an evaluative concept. It therefore belongs to the class of concepts that includes rightness, justice, rationality, goodness, beauty, and others. Desert (...)
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