Maximizing profit is a common long-term goal for new business owners or managers. However, you often have to work through a number of constraints, some that you have control over and others that you ...

I asked Prof. Bainbridge whether I could cross-post this from Corporate Finance Lab, and he kindly agreed: What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

In justifying his attacks on Bain Capital, President Obama argues that "profit maximization" might be an appropriate goal for a private-equity firm, but not for more general public policy. This ...

The Bell Journal of Economics and Management Science, Vol. 1, No. 1 (Spring, 1970), pp. 129-142 (14 pages) This paper extends a simple economic model of the regulated firm to include a wider range of ...