Definitions for TrueValueMetrics
Maximizing Profit

Maximizing profit is only part of the process that is needed. The amount of money that gets spent and the amount of good that gets done seems to be more and more unrelated.

Five decades or more of teaching MBA students about ways to maximize profit without teaching much about society has created a very large community of experts in profit maximization and hardly anyone that has a deep understanding of the social costs and value destruction associated with this economic paradigm.

The problem, however, is worse, because the relief and development industry has many people well trained in various other disciplines, but with rather little training in this aspect of economics ... and even less trained in accountancy.