When MR = MC: ethical efficiencies in valuing and pricing

Article Abstract:

Profit maximization is defined by the equilibrium between marginal revenue and marginal cost. The point of intersection between the marginal revenue and marginal cost is the level where a firm achieves economic efficiency. The relationship between profit maximization and economic efficiency rests on relationship between economic efficiency and cost-allocation decisions within profit maximization. The ethical implications of the valuation of goods and services, on the other hand, rest on economic profit maximization, such that any inefficient use of scarce resources is unethical.

Value (Economics)

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Double bookkeeping: hierarchical obedience and participative cooperation

Article Abstract:

The hierarchical organizational structure's focus on obedience makes it different from the participative organizational structure, which gives greater weight to cooperation. Conflict arises when the values of one organizational structure are imposed on another. This conflict mirrors a basic injustice, which is a result of organizational conflict and has an effect on a personal level. The argument is illustrated by the problems experienced by women pastoral ministers in Catholic hospitals.

Management, Organizational change, Organization, Catholic hospitals, Women clergy

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Business ethics in theory and practice: diagnostic notes B. A prescription for profit maximization

Article Abstract:

Business ethics should be included in economics, accounting and basic introductory management courses within business school curricula. Religion, philosophy and law should also be considered in the study of business ethics and its relation to profit maximization. The definition of business ethics, however, should be restricted to the assumptions and principles of business and not on other disciplines.

Study and teaching

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