May 17, 2011 2:02PM 

# The Morality of Profit 

By George Scoville 

---

<a class="js-popover-trigger cursor-pointer popover-trigger" data-bs-placement="bottom" data-bs-trigger="click" id="popover-trigger"> 

SHARE 

</a> 

The free market needs *and deserves* a moral defense. Cato senior fellow [Tom G. Palmer](https://www.cato.org/people/tom-palmer) delivers part of that defense, regarding economic profits, in [a new video](http://www.youtube.com/watch?v=SnHQammdwGQ):

This is an installment in a series entitled “[The Morality of Free Enterprise](http://atlasnetwork.org/blog/2011/02/the-morality-of-free-enterprise/),” a joint project of the [Atlas Economic Research Foundation](http://atlasnetwork.org/), where Palmer serves as the vice president of international programs, and the [John Templeton Foundation](http://www.templeton.org/).

Palmer is also the director of [Cato University](https://www.cato.org/cato-university/); so if you’d like to hear more from him, we hope you’ll [register today](https://www.cato.org/cato-university/registration.html) and join us **July 24–29 in historic Annapolis, Maryland** for our annual summer seminar on political economy. Students may also [apply for a scholarship](https://www.cato.org/cato-university/scholarship.html).

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/).