The issues of profit, its moral meaning, justification and role, need careful examination. Mistakes to be avoided in making moral sense of profit include the assumption that profitability establishes a company's moral rectitude. Profit is too complex a phenomenon to establish any such thing. Steps toward clarifying these issues include distinguishing profit as the goal of the corporation from the larger goals of the economy itself, and clarifying what we mean by profit.
Profit
often includes the moral or value consideration of having been rightly or fairly earned. This provides one starting point internal to business for formulating standards for business ethics.
Paul F. Camenisch (B.A., Centre College of Kentucky; B.D., Yale University Divinity School; Ph.D., Religion, Princeton University) is professor of Religious Studies, DePaul University, Chicago. His writing and research currently focus in applied areas such as business, medical and professional ethics. His articles have appeared in such journals as Hastings Center Report, Journal of Religious Ethics, Business and Professional Ethics Journal, Soundings, Listening, and Linacre Quarterly. His book, Grounding Professional Ethics in a Pluralistic Society, was published by Haven Publications in 1983.