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A brief excerpt from Leonard Peikoff's Objectivism: The Philosophy of Ayn
Rand The "profit motive," speaking broadly, means a man's incentive to work in order to gain something for himself — in economic terms, to make money. By Objectivist standards, such a motive, being thoroughly just, is profoundly moral. Socialists used to speak of "production for use" as against "production for profit." What they meant and wanted was: "production by one man for the unearned use of another." In a specialized sense, "profit" means...
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Copyright © 2001-1991 Leonard Peikoff. All rights reserved. May not be reproduced in any form or manner whatsoever without the express permission of Leonard Peikoff. |