David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 7 (1-2):23 - 28 (1988)
Since ought implies can, i.e., one cannot be obligated to do what one cannot do, the question of corporate responsibility cannot be discussed intelligibly without an inquiry into the range of corporate or managerial discretion. Hence, the moral relevance of a theory of the firm. Within classical or neo-classical economic theory, for instance, firms which act other than to maximize profit are eliminated. They cannot do otherwise, and thus either have no obligations at all or only the duty to maximize profit. The thesis of the Managerial Revolution, if true, establishes only that management is free from direct stockholder control. By asserting that corporations have responsibilities to do other than maximize profit, philosophers assume a wide degree of managerial discretion, without considering recent developments in the theory of the firm which suggest that new incentives and constraints radically restrict managerial liberty in a capitalist society.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
David Ciepley (2004). Authority in the Firm (and the Attempt to Theorize It Away). Critical Review 16 (1):81-115.
Aleksey Martynov (2009). Agents or Stewards? Linking Managerial Behavior and Moral Development. Journal of Business Ethics 90 (2):239 - 249.
Cyril Dwiggins (1986). Sharing Management: Three Ethical Scenarios. [REVIEW] Journal of Business Ethics 5 (3):213 - 218.
Sigmund Wagner-Tsukamoto (2005). An Economic Approach to Business Ethics: Moral Agency of the Firm and the Enabling and Constraining Effects of Economic Institutions and Interactions in a Market Economy. [REVIEW] Journal of Business Ethics 60 (1):75 - 89.
Antonio Argandoña (1998). The Stakeholder Theory and the Common Good. Journal of Business Ethics 17 (9-10):1093-1102.
Jeffery D. Smith (2005). Moral Markets and Moral Managers Revisited. Journal of Business Ethics 61 (2):129 - 141.
Daniel G. Arce M. (2004). Conspicuous by Its Absence: Ethics and Managerial Economics. Journal of Business Ethics 54 (3):261 - 277.
Daniel G. Arce (2004). Conspicuous by its Absence: Ethics and Managerial Economics. Journal of Business Ethics 54 (3):259-274.
Luk Bouckaert & Jan Vandenhove (1998). Business Ethics and the Management of Non-Profit Institutions. Journal of Business Ethics 17 (9-10):1073-1081.
Added to index2009-01-28
Total downloads12 ( #129,983 of 1,102,742 )
Recent downloads (6 months)2 ( #182,643 of 1,102,742 )
How can I increase my downloads?