Capitalism, Corporations and the Social Contract PDF Download
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Author: Samuel F. Mansell
Publisher: Cambridge University Press
ISBN: 1107015529
Category : Business & Economics
Languages : en
Pages : 199
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Book Description
Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory.
Author: Samuel F. Mansell
Publisher: Cambridge University Press
ISBN: 1107015529
Category : Business & Economics
Languages : en
Pages : 199
Get Book Here
Book Description
Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory.
Author: Samuel F. Mansell
Publisher: Cambridge University Press
ISBN: 1139619632
Category : Business & Economics
Languages : en
Pages : 199
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Book Description
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.
Author: Yann Moulier-Boutang
Publisher: Polity
ISBN: 0745647324
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
This book argues that we are undergoing a transition from industrial capitalism to a new form of capitalism - what the author calls & lsquo; cognitive capitalism & rsquo;
Author: Wm. Dennis Huber
Publisher: Routledge
ISBN: 1000291219
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
This book is a continuation of Corporate Law and the Theory of the Firm: Reconstructing Corporations, Shareholders, Directors, Owners, and Investors. The author extends his analysis of contract law, property law, agency law, trust law, and corporate statutory law and applies that analysis to defy conventional concepts and theories in economics, finance, investment, and accounting and expose the artificial boundaries established by decades of research founded on indefensible assumptions and fallacious conclusions. Using the Humpty Dumpty principle, where words mean what the authors want them to mean, economists have created "strange new worlds" where contract law, property law, agency law, and corporate statutory law no longer apply. The author dismantles the theory of the firm by proving the theory of the firm wilfully and intentionally ignores fundamental contract law, property law, agency law, and corporate statutory law. Contrary to the theory of the firm, shareholders do not own corporations, directors are not agents of shareholders, and shareholders are not investors in corporations. The author proves that by property law and corporate law, capital is not privately owned by capitalists but by corporations. Entire economic and social systems have been constructed that have no basis in law. With the advent of publicly traded corporations, the capital is there, but both capitalists and capitalism have been rendered extinct. This book will appeal to researchers and graduate and upper-level undergraduate students in economics, finance, accounting, law, and sociology, as well as legal scholars, attorneys and accountants.
Author: Colin Crouch
Publisher: Polity
ISBN: 0745672221
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
Capitalism is the only complex system known to us that can provide an efficient and innovative economy, but the financial crisis has brought out the pernicious side of capitalism and shown that it remains dependent on the state to rescue it from its own deficiencies. Can capitalism be reshaped so that it is fit for society, or must we acquiesce to the neoliberal view that society will be at its best when markets are given free rein in all areas of life? The aim of this book is to show that the acceptance of capitalism and the market does not require us to accept the full neoliberal agenda of unrestrained markets, insecurity in our working lives, and neglect of the environment and of public services. In particular, it should not mean supporting the growing dominance of public life by corporate wealth. The world’s most successful mature economies are those that fully embrace both the discipline of the market and the need for protection against its negative outcomes. Indeed, a continuing, unresolved clash between these two forces is itself a major source of vitality and innovation for economy and society. But maintenance of that tension depends on the enduring strength of trade unions and other critical groups in civil society - a strength that is threatened by neoliberalism’s increasingly intolerant onward march. Outlining the principles for a renewed and more assertive social democracy, this timely and important book shows that real possibilities exist to create a better world than that which is being offered by the wealthy elites who dominate our public and private lives.
Author: Anne M. Cronin
Publisher: Springer
ISBN: 3319726374
Category : Social Science
Languages : en
Pages : 123
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Book Description
This book argues that we are witnessing the emergence of ‘commercial democracy’ in which public relations, promotional culture and the media play a new, central role. As the conventional democratic promise of political representation loses traction with the public in many countries, commercial culture steps into this vacuum by offering mirror forms of democracy. Commercial democracy promises representation, voice and agency to the public and in doing so creates new forms of social contract. Based on empirical material, this book examines the Public Relations (PR) produced by corporations and communications produced by charities in an intensely mediatized society. It presents a novel analysis of the shifting significance of brand and reputation. It analyses the ascendancy of commercial speech, PRs’ relationship to post-truth politics, and the transformation of cultural intermediaries into ‘social brokers’. As PR and promotional culture come to inhabit the realm of the social contract and new forms of politics, ‘the public’ and the very idea of ‘publicity’ are transformed.
Author: Bob Jessop
Publisher: Polity
ISBN: 9780745622729
Category : Social Science
Languages : en
Pages : 330
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Book Description
In this important new book, Bob Jessop offers a radical new interpretation of capitalist states and their likely future development. He focuses on the changing forms, functions, scales and effectiveness of economic and social policy that have emerged since the 1950s in advanced western capitalist states. The postwar Keynesian welfare national state that developed in most advanced capitalist societies has long been regarded as being in crisis. Mounting tensions have been generated by technological change, globalization, and economic and political crises, and new social and political movements have also had a destabilizing impact. Jessop examines these factors in relation to the rise, consolidation and crisis of Atlantic Fordism and asks whether a new type of capitalist state that is currently emerging offers a solution. He notes that there are several difficulties still to be overcome before the new type of state is consolidated; in particular, he is critical of its neoliberal form and considers its main alternatives. This book will have broad cross-disciplinary appeal. It will be read by sociologists, political scientists, institutional economists, geographers and students of social policy.
Author: Ralph Miliband
Publisher: Verso Books
ISBN: 1789606950
Category : Political Science
Languages : en
Pages : 292
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Book Description
This outstanding and original volume offers a critical examination of a number of developments which in recent years have undermined the idea of socialism and eroded its electoral appeal. Among these developments are the collapse of Communist regimes, the fragmentation of the constituencies upon which earlier socialist advances had depended, changes in the organization and the dynamics of capitalism and a dearth of agencies committed to the socialist project. The book also takes up and seeks to rebut older objections to socialism, such as the notion that it is inevitably totalitarian, that it is based on too optimistic a view of human nature and that it fails to take account of the tendency of power to accumulate in the hands of minorities. The book argues that a social order dominated by the logic of capital and competition cannot, despite all the positive claims made on its behalf, produce the conditions which make true citizenship and community possible. By contrast, socialism offers an attractive and feasible programme for the realization of those ideals. Miliband argues that socialism cannot be seen as an answer to all the ills which have plagued humankind. Socialism, in his view, has to be understood as part of an age-old struggle for a more just society, and he believes that, seen in this light, socialism remains not only desirable but also perfectly possible. Moreover, he believes, socialism will, in time, come to command a majority support which its advancement requires. Socialism has to be seen as a permanent striving for the achievement of democracy, egalitarianism and the creation of an economy under democratic control.
Author: Susan Albers Mohrman
Publisher: Routledge
ISBN: 1351285394
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
Stewardship entails a profound understanding and acceptance of the challenges that result from the organization’s interdependence with the societal and ecological contexts in which it operates—and of what it takes to embrace the challenges to be a force for building a viable future. This book dares to ask ‘why’ business leaders should embrace stewardship in the current market where profit reigns supreme. A shift in approach represents fundamental change for the corporate world, and even the most advanced corporations consider themselves to be in the starting block of this transition. The book sets out the practical ways in which corporate stewardship can be achieved through embedding new approaches across the different functions of a business. This book, written by the leading thinkers in sustainability research, provides practical guidance on how companies can resolve the paradoxical challenges they face. How can they be at the same time profitable and responsible, effective and ethical, sustainable and adaptable? It explores what businesses are doing, what they can and should do to effectively respond to external challenges, and focuses on how leaders can create cultures, strategies, and designs far beyond “business as usual”.Stewards must not only make proper current use of that which they hold in trust, they also must leave it in better condition for use by future generations. Corporate Stewardship challenges managers, executives, and directors of global corporations to think and act as stewards of both their organizations and the physical and social environments in which they operate.
Author: Andreas Televantos
Publisher: Oxford University Press (UK)
ISBN: 0198870345
Category : Law
Languages : en
Pages : 225
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Book Description
This series presents original work in legal history from all periods. Contributions to the series analyse diverse legal traditions, including common law; ius commune, civilian and canon law; colonial, imperial, and international law; and customary, religious, and non-Western cultures of law. The series embraces methods ranging from doctrinal and juristic analysis through to every variety of historical, social scientific, and philosophical enquiry. A leading purpose of the series is to investigate how legal ideas and practices operated in larger historical contexts. Our authors trace changes in legal thought and practice and the interactions of law with political and constitutional institutions and wider movements in social, economic, cultural, and intellectual life. Book jacket.
