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.

Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory.

Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory.

Examining the changes in society in the United States, Beth Rubin explains how the current era differs fundamentally from the post-World War Two period; how and why that change has occurred; and what its meaning is to everyday life. She traces the changes from a domestic to a global economy, the transformation of the workplace, and the impact that these changes have had on how other people are experiencing social aspects of their lives: their families and interpersonal relations, their communities and their experience of the culture of mass society.

Offering a diverse set of contributions to current social contracting research, this text illustrates how social contracts necessarily underlie and facilitate all forms of capitalist production and exchange.

It’s important to say - There’s Nothing Wrong with Making Money It's critical to establish that before this begins. Financial health is a big weight on people’s minds. From earnings and wealth building to community status and standing, people are concerned about their coin. They want protections for their purchase ability and security in their savings. And knowledge that everyone is playing on the same (a level) field. People are nervous about the health and safety of their money, about inflation and value. Concerned with the influence and power which comes with the accumulation of wealth resources. Which begs a question. How does one manage it all? Whether you have it or are trying to get it. How do you balance the desire to acquire wealth with the protections of the social order? Remember, it’s not explicitly promised in the declaration, everyone will have money. Though the constitution reads “We the People.”

This open access book is a 2022 Nautilus Gold Medal winner in the category "World Cultures' Transformational Growth & Development". It states that the societal fault lines of our times are deeply intertwined and that they confront us with challenges affecting the security, fairness and sustainability of our societies. The author, Prof. Dr. Patrick Huntjens, argues that overcoming these existential challenges will require a fundamental shift from our current anthropocentric and economic growth-oriented approach to a more ecocentric and regenerative approach. He advocates for a Natural Social Contract that emphasizes long-term sustainability and the general welfare of both humankind and planet Earth. Achieving this crucial balance calls for an end to unlimited economic growth, overconsumption and over-individualisation for the benefit of ourselves, our planet, and future generations. To this end, sustainability, health, and justice in all social-ecological systems will require systemic innovation and prioritizing a collective effort. The Transformative Social-Ecological Innovation (TSEI) framework presented in this book serves that cause. It helps to diagnose and advance innovation and spur change across sectors, disciplines, and at different levels of governance. Altogether, TSEI identifies intervention points and formulates jointly developed and shared solutions to inform policymakers, administrators, concerned citizens, and professionals dedicated towards a more sustainable, healthy and just society. A wide readership of students, researchers, practitioners and policy makers interested in social innovation, transition studies, development studies, social policy, social justice, climate change, environmental studies, political science and economics will find this cutting-edge book particularly useful. “As a sustainability transition researcher, I am truly excited about this book. Two unique aspects of the book are that it considers bigger transformation issues (such as societies’ relationship with nature, purpose and justice) than those studied in transition studies and offers analytical frameworks and methods for taking up the challenge of achieving change on the ground.” - Prof. Dr. René Kemp, United Nations University and Maastricht Sustainability Institute