Does Morality Matter in Managing Businesses?

One of the great debates of modern capitalism is whether or not morality matters in business.  This question is often posed as: “Should the purpose of corporations be directed to good?  Or instead, should corporations focus solely on maximizing shareholder returns, within what the law allows?”

The former implies that companies, like people, should be held to moral standards.  The latter implies a separation between referee and player: the state defines the playing field, while the company plays the game to the best of its abilities.

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