Document Type
Book Review
Publication Date
2016
Abstract
The vast majority of economic activity is now organized through corporations. The public corporation is usurping the state’s role as the most important institution of wealthy capitalist societies. Across the developed world, there is increasing convergence on the shareholder-owned corporation as the primary vehicle for creating wealth. Yet nothing like this degree of convergence has occurred in answering the fundamental questions of corporate capitalism: What role do corporations serve? What is the goal of corporate law? What should corporate managers do? Discussion of these questions is as old as the institutions involved.
Disciplines
Business Law, Public Responsibility, and Ethics | Business Organizations Law | Law | Law and Economics
Recommended Citation
Gabriel Rauterberg,
The Corporation's Place in Society,
114
Mich. L. Rev.
913
(2016).
Available at:
https://scholarship.law.columbia.edu/faculty_scholarship/4852
Included in
Business Law, Public Responsibility, and Ethics Commons, Business Organizations Law Commons, Law and Economics Commons
Comments
Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics by Joseph Heath, New York: Oxford University Press, 2014, pp. ix, 372, $65.