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Capitalism, corporations and the soc...

Mansell, Samuel F.

Capitalism, corporations and the social contracta critique of stakeholder theory /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Capitalism, corporations and the social contractSamuel F. Mansell.
Reminder of title:	a critique of stakeholder theory /
remainder title:	Capitalism, corporations & the social contract
Author:	Mansell, Samuel F.
Published:	Cambridge :Cambridge University Press,2013.
Description:	xi, 185 p. :ill., digital ;24 cm.
Subject:	Social responsibility of business.
Online resource:	https://doi.org/10.1017/CBO9781139058926
ISBN:	9781139058926$q(electronic bk.)

Capitalism, corporations and the social contracta critique of stakeholder theory /
Mansell, Samuel F.

Capitalism, corporations and the social contracta critique of stakeholder theory /[electronic resource] :Capitalism, corporations & the social contractSamuel F. Mansell. - Cambridge :Cambridge University Press,2013. - xi, 185 p. :ill., digital ;24 cm. - Business, value creation and society. - Business, value creation, and society..

An introduction to stakeholder theory -- The philosophy of stakeholder theory -- The corporation as a private association in a market economy -- The corporation as a sovereign power in a market economy -- Shareholder theory and its limitations.

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.

ISBN: 9781139058926$q(electronic bk.)Subjects--Topical Terms:

200434
Social responsibility of business.

LC Class. No.: HD60 / .M36465 2013

Dewey Class. No.: 174

Capitalism, corporations and the social contracta critique of stakeholder theory /
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505 0 $a An introduction to stakeholder theory -- The philosophy of stakeholder theory -- The corporation as a private association in a market economy -- The corporation as a sovereign power in a market economy -- Shareholder theory and its limitations.
520 $a 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.
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