Profit-Making as Social Action: An Alternative Social-Economic Perspective
Author(s)
Zafirovski, Milan
Abstract
The status of profit-making in neoclassical economics is reconsidered. A social-economic perspective is used as the basis for the reconsideration as opposed to a pure economic approach favored by neoclassical theory. The social-economic perspective is perceived as doing justice to the complexity of the phenomenon which is why it is considered more adequate. Profit-making in the social-economics realm is seen as an ideal type of social action induced by a variety of rational and non-rational variables.
