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Neoliberalism and the problem of the corporation

In: A Research Agenda for Neoliberalism

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Abstract

This chapter introduces the first contradiction in neoliberalism and critical understandings of it, namely the emphasis on markets as defining feature of neoliberalism versus the importance and role of business and corporations in the economy. In particular, it explores the implications of corporate power to our understandings of neoliberalism as a concept. Several key financial economists sought to theorize this contradiction as a way to legitimate a new form of shareholder governance in which investors are imagined and framed as the most efficient allocators of capital rather than business managers. The chapter thereby highlights the role played by business training and business schools in reproducing and legitimating neoliberal ideas.

Suggested Citation

  • ., 2017. "Neoliberalism and the problem of the corporation," Chapters, in: A Research Agenda for Neoliberalism, chapter 6, pages 103-128, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17469_6
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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.
    3. Lieberman, Alicea & Duke, Kristen E. & Amir, On, 2019. "How incentive framing can harness the power of social norms," Organizational Behavior and Human Decision Processes, Elsevier, vol. 151(C), pages 118-131.

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