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Editorial Reviews. From Library Journal. Heilbroner brings his thoughts to the question ``What is capitalism?'' He re fers to earlier civilizations but most of the.
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Learn more. Business ethics scholars have proposed strategies for mitigating the ill effects brought on by a wealth maximization business strategy by urging managers to either embrace corporate social responsibility CSR or to manage according to stakeholder theory.
In this article I argue that these strategies are often ineffective in bringing about the behavior they promote because it is antithetical to the nature and logic of capitalism. I examine the organizing principles of capitalism and the role it assigns to capitalists, and juxtapose these with the behavior prescribed by three normative frameworks: strategic management theory SMT , the CSR initiative, and stakeholder theory.
CSR and stakeholder theory must not only combat the habits instilled by the entrenched SMT, they must also find some way of instilling habits that run contrary to those defined by the nature and logic of capitalism itself. Volume , Issue 3. The full text of this article hosted at iucr. If you do not receive an email within 10 minutes, your email address may not be registered, and you may need to create a new Wiley Online Library account. If the address matches an existing account you will receive an email with instructions to retrieve your username.
Business and Society Review Volume , Issue 3. Original Article. By the end of this tour we have grappled not only with ideas of Adam Smith and Karl Marx but with Freud and modern anthropologists as well. And we are far closer to understanding capitalism in our time, its possibilities and limits. Product Details About the Author.
About the Author Robert L. Average Review. Write a Review. Related Searches. Starred Review. Reeves deploys his considerable writing skill in portraying Rutherford's personality View Product. An Affair of Honor: Woodrow Wilson and the.
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The logic of capitalism - Frontline
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