Arrow Argues Against the Supporters of Profit Maximization and for Corporate

question 56

Essay

Arrow argues against the supporters of profit maximization and for corporate obligation to behave with social responsibility. Do you find his argument realistic, and, if so, do you agree with him about the desirability and necessity of social responsibility for firms? Why or why not? Explain your answer.

---

Definitions:

Positive Psychology

A branch of psychology focused on the study of human strengths, virtues, and factors that contribute to a fulfilling life.

Character Strengths

Positive traits reflected in thoughts, feelings, and behaviors, such as courage, kindness, and wisdom, that contribute to a fulfilling life.

Aerobic Exercise

Physical exercise of low to high intensity that depends primarily on the aerobic energy-generating process.

Mindfulness Meditation

A form of meditation focusing on being intensely aware of what you're sensing and feeling in the moment, without interpretation or judgment.