According to stakeholder theory and the Corporate Social Responsibility movement, it’s not enough for a corporation to create products that satisfy consumer preferences and please their stockholders. A much wider range of people, or “stakeholders,” should also have a say in the firm’s activities — which should take into account not just the interests of shareholders, but also employees, the community, even society as a whole. Peter Klein joins me to assess and critique all this.
About the Guest
Peter Klein holds a Ph.D. in economics from the University of California at Berkeley. He is Professor of Entrepreneurship and Senior Research Fellow with the Center for Entrepreneurship & Free Enterprise at Baylor University. He is also Adjunct Professor of Strategy and Management at the Norwegian School of Economics and Carl Menger Research Fellow at the Mises Institute.
“Stakeholders and Corporate Social Responsibility: An Ownership Perspective,” by Peter G. Klein and Nicolai J. Foss
Guest’s Professional Page
Ep. 360 Corporate Social Responsibility, or How Business Ethics Is Taught These Days (James Otteson)
Ep. 934 Time for People to Earn a Living Without a Job?
Ep. 413 Salon Says Rich Are Parasites; We Dissent
Ep. 351 The FCC and the Future of the Internet
Ep. 91 No, Marx Was Wrong
Ep. 90 Was Marx Right?
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Audio by Chris Williams Audio.