David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 74 (4):303 - 314 (2007)
In this article, we will outline the principles of stakeholder capitalism and describe how this view rejects problematic assumptions in the current narratives of capitalism. Traditional narratives of capitalism rely upon the assumptions of competition, limited resources, and a winner-take-all mentality as fundamental to business and economic activity. These approaches leave little room for ethical analysis, have a simplistic view of human beings, and focus on value-capture rather than value-creation. We argue these assumptions about capitalism are inadequate and leave four problems in their wake. We wish to reframe the narrative of capitalism around the reinforcing concepts of stakeholders coupled with value creation and trade. If we think about how a society can sustain a system of voluntary value creation and trade, then capitalism can once more become a useful concept.
|Keywords||capitalism stakeholder ethics economics free market|
|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
Kate Grosser (2009). Corporate Social Responsibility and Gender Equality: Women as Stakeholders and the European Union Sustainability Strategy. Business Ethics 18 (3):290-307.
Ericka Costa & Tommaso Ramus (2012). The Italian Economia Aziendale and Catholic Social Teaching: How to Apply the Common Good Principle at the Managerial Level. [REVIEW] Journal of Business Ethics 106 (1):103-116.
Francesco Perrini, Angeloantonio Russo, Antonio Tencati & Clodia Vurro (2011). Deconstructing the Relationship Between Corporate Social and Financial Performance. Journal of Business Ethics 102 (S1):59-76.
George N. Gotsis & Zoe Kortezi (2010). Ethical Considerations in Organizational Politics: Expanding the Perspective. [REVIEW] Journal of Business Ethics 93 (4):497 - 517.
Antonio Tencati & Laszlo Zsolnai (2009). The Collaborative Enterprise. Journal of Business Ethics 85 (3):367 - 376.
Similar books and articles
Costa Panayotakis (2005). Environmental Ethics and Capitalism's Dialetic of Scarcity. Environmental Ethics 27 (3):227-244.
John Rosenthal (2000). On Two "Models" of Capitalism. Science and Society 64 (4):424 - 459.
George Liodakis (2005). The New Stage of Capitalist Development and the Prospects of Globalization. Science and Society 69 (3):341 - 366.
Christopher Michaelson (2012). Reading Leaders' Minds: In Search of the Canon of 21st Century Global Capitalism. [REVIEW] Asian Journal of Business Ethics 1 (1):47-61.
Adrian Ravier (2010). Capitalism, Socialism and Public Choice. Libertarian Papers 2.
James A. Stieb (2009). Assessing Freeman's Stakeholder Theory. Journal of Business Ethics 87 (3):401 - 414.
Richard P. Nielsen (2008). The Private Equity-Leveraged Buyout Form of Finance Capitalism: Ethical and Social Issues, and Potential Reforms. Business Ethics Quarterly 18 (3):379-404.
Richard P. Nielsen (2008). The Private Equity-Leveraged Buyout Form of Finance Capitalism. Business Ethics Quarterly 18 (3):379-404.
R. Edward Freeman & Robert A. Phillips (2002). Stakeholder Theory: A Libertarian Defense. Business Ethics Quarterly 12 (3):331-350.
Russell Kirk (1982). Is Capitalism Still Viable? Journal of Business Ethics 1 (4):277 - 280.
Added to index2009-01-28
Total downloads84 ( #20,144 of 1,692,743 )
Recent downloads (6 months)5 ( #46,241 of 1,692,743 )
How can I increase my downloads?