Business Ethics Quarterly 11 (1):129-143 (2001)
Can we achieve greater fairness by reforming the corporation? Some recent progressive critics of the corporation arguethat we can achieve greater social justice both inside and outside the corporation by simply rewriting or reinterpreting corporate rulesto favor non-stockholders over stockholders. But the progressive program for reforming the corporation rests on a critical assumption,which I challenge in this essay, namely that the rules of the corporation matter, so that changing them can effect a lasting redistribution of wealth from stockholders to non-stockholders. This essay uses a critique of the progressive reform program to argue that the rules ofthe corporation are distributively neutral. The corporation isn't rigged against non-stockholders, and changing its rules will not improve the bargaining power of non-stockholders. However, while the rules may be epiphenomenal from the standpoint of distributive justice, they can have substantial impacts on the corporation's efficiency. As a result, the proposed reforms may hurt the corporation's capacity to generate benefits for all the parties concerned
|Keywords||Applied Philosophy Business and Professional Ethics Social Science|
|Categories||categorize this paper)|
References found in this work BETA
No references found.
Citations of this work BETA
Securing Privacy at Work: The Importance of Contextualized Consent. [REVIEW]Elin Palm - 2009 - Ethics and Information Technology 11 (4):233-241.
Putting Creditors in Their Rightful Place: Corporate Governance and Business Ethics in the Light of Limited Liability. [REVIEW]Christopher J. Cowton - 2011 - Journal of Business Ethics 102 (S1):21-32.
The New Case for the Ethics of Business.Gregory Wolcott - 2015 - Journal of Business Ethics 132 (1):127-146.
The Great Escape: The Unaddressed Ethical Issue of Investor Responsibility for Corporate Malfeasance.Curtis L. Wesley Ii & Hermann Achidi Ndofor - 2013 - Business Ethics Quarterly 23 (3):443-475.
Similar books and articles
The Moral Responsibilities of Stockholders.Richard J. Klonoski - 1986 - Journal of Business Ethics 5 (5):385 - 390.
Distributive Justice and the Rules of the Corporation.John H. Beck - 2005 - Business Ethics Quarterly 15 (3):355-362.
Corporate Power and Employee Relations.Gerald G. Biesinger - 1984 - Journal of Business Ethics 3 (2):139 - 142.
Do Corporations Have Moral Rights?David T. Ozar - 1985 - Journal of Business Ethics 4 (4):277 - 281.
Evolution of the Global Corporation: A Systemic Perspective.Ervin Laszlo - 2007 - World Futures 63 (8):563 – 567.
Doing Justice Justice : Distinguishing Social Justice From Distributive Justice and the Implications for Bioethics.Shawna Gutfreund - unknown
Moral Hazards on the Road to the “Virtual” Corporation.Norman E. Bowie - 1998 - Business Ethics Quarterly 8 (2):273-292.
Let's Talk Rights: Messages for the Just Corporation–Transforming the Economy Through the Language of Rights. [REVIEW]Florian Wettstein - 2008 - Journal of Business Ethics 78 (1-2):247 - 263.
The Corporation as Actual Agreement.Gordon G. Sollars - 2002 - Business Ethics Quarterly 12 (3):351-370.
The Internal Morality of the Corporation.Lisa H. Newton - 1986 - Journal of Business Ethics 5 (3):249 - 258.
Assessing the Accountability of the Benefit Corporation: Will This New Gray Sector Organization Enhance Corporate Social Responsibility? [REVIEW]Rae André - 2012 - Journal of Business Ethics 110 (1):133-150.
Added to index2011-01-09
Total downloads23 ( #221,085 of 2,177,988 )
Recent downloads (6 months)6 ( #45,332 of 2,177,988 )
How can I increase my downloads?