Capitalism, corporations and the social contract: a critique of stakeholder theory / Samuel F. Mansell.
2013
HD60 .M36465 2013
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Details
Title
Capitalism, corporations and the social contract: a critique of stakeholder theory / Samuel F. Mansell.
Author
Mansell, Samuel F.
ISBN
9781107015524
9781139612197 (electronic bk.)
9781139612197 (electronic bk.)
Imprint
Cambridge : Cambridge University Press, 2013.
Language
English
Description
xi, 185 p.
Call Number
HD60 .M36465 2013
Dewey Decimal Classification
174
Summary
"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"-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Series
Business, value creation, and society
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Table of Contents
Machine generated contents note: Preface; 1. Introduction; 2. An introduction to stakeholder theory; 3. The philosophy of stakeholder theory; 4. The corporation as a private association in a market economy; 5. The corporation as a sovereign power; 6. Shareholder theory and its limitations; 7. Conclusion; References.