:According to an influential argument in business ethics and economics, firms are normatively required to maximize their contributions to social welfare, and the way to do this is to maximize their profits. Against Michael Jensen's version of the argument, I argue that even if firms are required to maximize their social welfare contributions, they are not necessarily required to maximize their profits. I also consider and reply to Waheed Hussain's ‘personal sphere’ critique of Jensen. My distinct challenge to Jensen seems to me fatal to any view according to which firms are normatively required to maximize their profits.

中文翻译：

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利润最大化，还是不利润最大化：对于公司来说，这是一个有效的问题

：根据商业伦理和经济学的一个有影响力的论点，规范地要求企业最大化其对社会福利的贡献，而做到这一点的方法是最大化它们的利润。反对迈克尔詹森的观点，我认为即使公司被要求最大化他们的社会福利贡献，他们也不一定被要求最大化他们的利润。我还考虑并回复了 Waheed Hussain 对 Jensen 的“个人领域”批评。在我看来，我对 Jensen 的独特挑战似乎对任何按照规范要求公司实现利润最大化的观点都是致命的。