Capitalism, Corporations and the Social Contract: A Critique of Stakeholder Theory (BOK)

Samuel F. Mansell

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In whose interests should a corporation be run? Over the last thirty years the field of 'stakeholder theory' has proposed a distinctive answer: a corporation should be run in the interests of all its primary stakeholders - including employees, customers, suppliers and financiers - without contradicting the ethical principles on which capitalism stands. This book offers a critique of this central claim. It argues that by applying the political concept of a 'social contract' to the corporation, stakeholder theory in fact undermines the principles on which a market economy is based. The argument builds upon an extensive review of the stakeholder literature and an analysis of its philosophical foundations, particularly concerning the social contract tradition of John Rawls and his predecessors. The book concludes by offering a qualified version of Milton Friedman's shareholder theory as a more justifiable account of the purpose of a corporation.

Produktfakta

Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2013 Forfatter Samuel F. Mansell
Forlag
CAMBRIDGE UNIVERSITY PRESS
ISBN 9781107015524
Antall sider 196 Dimensjoner 15,2cm x 22,8cm x 1,5cm
Vekt 420 gram Leverandør Bertram Trading Ltd
Emner og form Business ethics & social responsibility, Corporate governance