Description
Capitalism, Corporations and the Social Contract
A Critique of Stakeholder Theory
Business, Value Creation, and Society Series
Author: Mansell Samuel F.
Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory.
Language: EnglishSubject for Capitalism, Corporations and the Social Contract:
Approximative price 41.94 €
In Print (Delivery period: 14 days).
Add to cart the print on demand of Mansell Samuel F.
Capitalism, Corporations and the Social Contract
Publication date: 05-2015
Support: Print on demand
Publication date: 05-2015
Support: Print on demand
Approximative price 89.58 €
In Print (Delivery period: 14 days).
Add to cart the book of Mansell Samuel F.
Capitalism, Corporations and the Social Contract
Publication date: 03-2013
196 p. · 15.7x23.5 cm · Hardback
Publication date: 03-2013
196 p. · 15.7x23.5 cm · Hardback
Description
/li>Contents
/li>Biography
/li>
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.
Foreword; 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 in a market economy; 6. Shareholder theory and its limitations; 7. Conclusion; References; Index.
Samuel F. Mansell is a Lecturer in Management at the University of St Andrews. Samuel's research interests continue to lie in the application of political and moral philosophy to the field of business ethics, with particular reference to the work of Aristotle, Aquinas, Hobbes and Kant. He is currently researching the roles of distributive justice and charity in the modern corporation.
© 2024 LAVOISIER S.A.S.