Capitalism, Corporations and the Social Contract

Capitalism, Corporations and the Social Contract PDF 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.

Capitalism, Corporations and the Social Contract

Capitalism, Corporations and the Social Contract PDF Author: Samuel F. Mansell
Publisher: Cambridge University Press
ISBN: 1107015529
Category : Business & Economics
Languages : en
Pages : 199

Get Book

Book Description
Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory.

Capitalism, Corporations and the Social Contract

Capitalism, Corporations and the Social Contract PDF Author: Samuel F. Mansell
Publisher:
ISBN: 9781139625210
Category : Capitalism
Languages : en
Pages : 200

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Book Description
Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory.

The Social Institutions of Capitalism

The Social Institutions of Capitalism PDF Author: Pursey Heugens
Publisher: Edward Elgar Publishing
ISBN: 9781781950333
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
Offering a diverse set of contributions to current social contracting research, this text illustrates how social contracts necessarily underlie and facilitate all forms of capitalist production and exchange.

Shifts in the Social Contract

Shifts in the Social Contract PDF Author: Beth A. Rubin
Publisher: Pine Forge Press
ISBN: 0803990405
Category : Social Science
Languages : en
Pages : 224

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Book Description
Examining the changes in society in the United States, Beth Rubin explains how the current era differs fundamentally from the post-World War Two period; how and why that change has occurred; and what its meaning is to everyday life. She traces the changes from a domestic to a global economy, the transformation of the workplace, and the impact that these changes have had on how other people are experiencing social aspects of their lives: their families and interpersonal relations, their communities and their experience of the culture of mass society.

Capitalism, Corporations and the Social Contract

Capitalism, Corporations and the Social Contract PDF 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.

Towards a Natural Social Contract

Towards a Natural Social Contract PDF Author: Patrick Huntjens
Publisher: Springer Nature
ISBN: 3030671305
Category : Political Science
Languages : en
Pages : 212

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Book Description
This open access book is a 2022 Nautilus Gold Medal winner in the category "World Cultures' Transformational Growth & Development". It states that the societal fault lines of our times are deeply intertwined and that they confront us with challenges affecting the security, fairness and sustainability of our societies. The author, Prof. Dr. Patrick Huntjens, argues that overcoming these existential challenges will require a fundamental shift from our current anthropocentric and economic growth-oriented approach to a more ecocentric and regenerative approach. He advocates for a Natural Social Contract that emphasizes long-term sustainability and the general welfare of both humankind and planet Earth. Achieving this crucial balance calls for an end to unlimited economic growth, overconsumption and over-individualisation for the benefit of ourselves, our planet, and future generations. To this end, sustainability, health, and justice in all social-ecological systems will require systemic innovation and prioritizing a collective effort. The Transformative Social-Ecological Innovation (TSEI) framework presented in this book serves that cause. It helps to diagnose and advance innovation and spur change across sectors, disciplines, and at different levels of governance. Altogether, TSEI identifies intervention points and formulates jointly developed and shared solutions to inform policymakers, administrators, concerned citizens, and professionals dedicated towards a more sustainable, healthy and just society. A wide readership of students, researchers, practitioners and policy makers interested in social innovation, transition studies, development studies, social policy, social justice, climate change, environmental studies, political science and economics will find this cutting-edge book particularly useful. “As a sustainability transition researcher, I am truly excited about this book. Two unique aspects of the book are that it considers bigger transformation issues (such as societies’ relationship with nature, purpose and justice) than those studied in transition studies and offers analytical frameworks and methods for taking up the challenge of achieving change on the ground.” - Prof. Dr. René Kemp, United Nations University and Maastricht Sustainability Institute

Making the Market

Making the Market PDF Author: Paul Johnson
Publisher: Cambridge University Press
ISBN: 1139487051
Category : History
Languages : en
Pages :

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Book Description
Corporate capitalism was invented in nineteenth-century Britain; most of the market institutions that we take for granted today - limited companies, shares, stock markets, accountants, financial newspapers - were Victorian creations. So were the moral codes, the behavioural assumptions, the rules of thumb and the unspoken agreements that made this market structure work. This innovative study provides the first integrated analysis of the origin of these formative capitalist institutions, and reveals why they were conceived and how they were constructed. It explores the moral, economic and legal assumptions that supported this formal institutional structure, and which continue to shape the corporate economy of today. Tracing the institutional growth of the corporate economy in Victorian Britain and demonstrating that many of the perceived problems of modern capitalism - financial fraud, reckless speculation, excessive remuneration - have clear historical precedents, this is a major contribution to the economic history of modern Britain.

The Corporate Reconstruction of American Capitalism, 1890-1916

The Corporate Reconstruction of American Capitalism, 1890-1916 PDF Author: Martin J. Sklar
Publisher: Cambridge University Press
ISBN: 9780521313827
Category : Antitrust law
Languages : en
Pages : 502

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Book Description
Through an examination of the judicial, legislative, and political aspects of the antitrust debates in 1890 to 1916, Sklar shows that arguments were not only over competition versus combination, but also over the question of the relations between government and the market and the state and society.

Economics, Capitalism, and Corporations

Economics, Capitalism, and Corporations PDF Author: Wm. Dennis Huber
Publisher: Routledge
ISBN: 1000291219
Category : Business & Economics
Languages : en
Pages : 206

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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.

Public Relations Capitalism

Public Relations Capitalism PDF Author: Anne M. Cronin
Publisher: Springer
ISBN: 3319726374
Category : Social Science
Languages : en
Pages : 120

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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.