The questions of profit maximization -- Why profit maximization is moral -- The objective value of goods and services -- The virtues of businessmen -- Clarifying confusions about profit maximization -- Incomplete defenses of profit maximization -- The inconvenient truth about corporate social...

This paper examines the effect of aid on domestic savings in Sub-Saharan Africa. It departs from the previous literature on aid and savings in developing countries by abandoning the pervasive, but untenable, assumption that all aid is used to expand the trade deficit and thus applied wholly to...