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| Author: | Arnold, D.G. |
| Title: | Libertarian theories of the corporation and global capitalism |
| Journal: | Journal of Business Ethics
2003 : DEC I, VOL. 48:2, p. 155-173 |
| Index terms: | Capitalism Companies Globalization Liberalism Multinational companies |
| Language: | eng |
| Abstract: | Libertarian theories of the normative core of the corporation hold in common the view that is the responsibility of publicity held corporations to return profits to shareholders within the bounds of certain moral side-constraints. Side-constraints may be either weak (grounded in the rules of the game) or strong (grounded in rights). This paper considers libertarian arguments regarding the normative core of the corporation in the context of global capitalism and the light of actual corporate behaviour. |
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