I am always skeptical that time of the year when I discuss the theory of the firm in my microeconomics courses. The first word out of the textbook is always that the goal of the firm is to maximize profits.
It seems to me that firms have a much larger role in a capitalist/democratic society, and that weilding power in other realms, while possibly profit-oriented, has other motives.
Evidence that Microsoft hired extreme-rightist-anti-abortion-activist Ralph Reed to the tune of $20k/mo only bolsters my suspicions.
Thursday, April 28, 2005
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