Moral Implication of Acquisitive Instinct Under the Separation of Ownership and Control

The argument to be developed in this paper begins with the idea that a natural means-ends relationship comes into existence when ownership and control are combined. Property owned and con? trolled by the same person is natural in the sense that it is in accord with the original human nature. This natural relationship is based on love that intermediates the use of means and the intended ends of the owner for which means are adapted. When an owner directly manages his own business (means), whether successful or unsuccess? ful, we are assured that the owner-manager never knowingly turns against the goals or ends of his business and that the diversion in the use of means away from the intended ends cannot occur. The ugly outbreak of embezzlement, of padded expense accounts, of kick-backs, and of bribes, cannot infiltrate this natural relationship. Obviously, the owner cannot steal from his own pocket. Neither can he squander the company's money without depleting his own treasury. A bribe cannot corrupt him because the favor sought from him is worth more to him than the bribe. The owner can neither mistake nor be

Argument (complex analysis) · Business · Commit · Control (management) · Criminal law · Economics · Embezzlement · Epistemology · Instinct · Law and economics · Management · Mistake · Natural (archaeology) · Political science · Property (philosophy) · Treasury · Free Will and Agency · Law · Legal principles and applications · Philosophy · Property Rights and Legal Doctrine

• A Note On Non-Owner Management ∗

  Richard J Rivard•Review of Social Economy•1978

  Add to list

• Modern Corporation and Private Property

  Adolf A Berle•Modern Corporation and Private…•2017

  Add to list

• The Growth of Economic Thought

  Mark Blaug, Henry W Spiegel•Economica•1972

  Add to list