Author: Samuel F. Mansell
Edition:
Publisher: Cambridge University Press
Binding: Hardcover
ISBN: 1107015529
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Capitalism, Corporations and the Social Contract: A Critique of Stakeholder Theory (Business, Value Creation, and Society)
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.Capitalism, Corporations and the Social Contract review. 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 corporationRead full reviews of Capitalism, Corporations and the Social Contract : A..., 9781107015524.
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Capitalism, Corporations and the Social Contract : A Critique of Stakeholder Theory, ISBN-13: 9781107015524, ISBN-10: 1107015529
Capitalism, Corporations and the Social Contract Ucmbr 9781107015524 09781107015524
author samuel f mansell format hardback language english publication year 14 03 2013 series business value creation and society subject management business economics industry subject 2 management business general title capitalism corporations and the social contract a critique of stakeholder theory author mansell samuel f publisher cambridge univ pr publication date mar 14 2013 pages 208 binding hardcover isbn 1107015529 subject business economics business ethics description in whose interests s
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
Capitalism, Corporations and the Social Contract Reviews
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.
