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Civilizing the corporation

In: Approaching Equality

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Abstract

A corporation is a power structure. Power structures limit the freedom of some people and magnify, but direct, the power of others. Some trends in economic thought about corporations, from Adam Smith to the present, are sketched and then some alternatives to, and modifications of, the for-profit corporation are surveyed. For worker cooperatives, there is extensive evidence of overall success and some limitations. These are surveyed. Other forms discussed are ESOPs, worker participation in management, codetermination, not-for-profit enterprises, B-corporations, multi-stakeholder cooperatives, quangos, and community cooperatives. The transition from existing to modified forms of business organization is discussed.

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  • ., 2017. "Civilizing the corporation," Chapters, in: Approaching Equality, chapter 9, pages 162-188, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17349_9
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    Cited by:

    1. Sarkki, Simo, 2017. "Governance services: Co-producing human well-being with ecosystem services," Ecosystem Services, Elsevier, vol. 27(PA), pages 82-91.
    2. Benjasak, Chonlakan & Bhattarai, Keshab, 2017. "General Equilibrium Impacts VAT and Corporate Tax in Thailand," MPRA Paper 88816, University Library of Munich, Germany, revised 01 Jul 2018.

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    Keywords

    Economics and Finance;

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