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    • 1 - The Economy
    • 2 - Commodities
    • 3 - The Enterprise
    • 4 - Accounting
    • 5 - Capital
    • 6 - Profit
    • 7 - Employment
    • 8 - Distribution
    • 9 - Wages
    • 10 - Interest
    • 11 - Prices
    • 12 - Money
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Home› Part II - Political economy propositions›Chapter 3 - The Enterprise

Chapter 3 – The Enterprise

The effects of the dominant conception of the enterprise (enterprises exist for profit) resonate incessantly. Yet the objective raisons d’être of this organ and its other main specificities are still too often passed over in silence. A few observations establish that this repression is neither desirable nor inevitable:

  • The enterprise is the only entity that exists only for the practice of economic exchanges.
  • Enterprises are not inevitably enslaved to a maximum to the advantage of their owners or managers. Maximum profit and maximum capital gain are not part of the standards that the market economy obliges enterprises to respect. The goal of maximization of profit is useless and dangerous; to consider it an imperative is illiberal; the alternative of maximum capital gain is even more questionable. The "social refoundation" without a refoundation of the doctrine of profit comes up against an impossibility.
  • Entrepreneurs have economic responsibilities that are all social.
  • Enterprises are not taxpayers in their own rights (3.5).
  • Enterprises have two other specificities (3.6, 3.7).

Propositions

  • 3.1 The enterprise is the only entity which exists exclusively to engage in economic exchanges.
  • 3.2 The enterprise is not mandated by the market economy to pursue maximization of profit or capital gain as a binding standard.
  • 3.3 An enterprise is a market, organized by a natural or legal person: the entrepreneur.
  • 3.4 The main responsibilities of entrepreneurs are economic and, in so doing, social.
  • 3.5 Although enterprises serve as conduits for the collection of tax revenue, they are not taxpayers in their own right.
  • 3.6 Only enterprises sell composite commodities.
  • 3.7 The elementary commodity that only enterprises can purchase is placement in their capital.
  • 3.8 Anyone who rents out constitutes an enterprise.
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