Ep. 1098 Capitalism, Stakeholders, and "Corporate Social Responsibility"

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.

Show notes for Ep. 1098