MGT 6010 The Ethical & Legal Environment of Business


Libertarian Theory

Libertarian Theory (value contribution based)

The value contributed should be recognized and rewarded.  Wealth should not be artificially redistributed by the corporation or by the government.  Those who take risks, make bold decisions, work hard . . . those are the ones who should be exceptionally rewarded for their exceptional behavior. Ask yourself:

  What did the person contribute to the corporation? To the well-being of society?

  How did that contribution compare to the value contributed by others?

Stanford Encyclopedia of Philosophy: Libertarianism