9780190698348-0190698349-The Form of the Firm: A Normative Political Theory of the Corporation

The Form of the Firm: A Normative Political Theory of the Corporation

ISBN-13: 9780190698348
ISBN-10: 0190698349
Author: Singer, Abraham A.
Publication date: 2018
Publisher: Oxford University Press
Format: Hardcover 312 pages
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Book details

ISBN-13: 9780190698348
ISBN-10: 0190698349
Author: Singer, Abraham A.
Publication date: 2018
Publisher: Oxford University Press
Format: Hardcover 312 pages

Summary

Acknowledged authors Singer, Abraham A. wrote The Form of the Firm: A Normative Political Theory of the Corporation comprising 312 pages back in 2018. Textbook and eTextbook are published under ISBN 0190698349 and 9780190698348. Since then The Form of the Firm: A Normative Political Theory of the Corporation textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

What are we to make of the power that corporations wield over people in modern society? Is such power legitimate? Many think so. To many businessmen and economists, as well as the general public, firms are purely private and economic entities, justified in using all legal means to maximize profit.

In The Form of the Firm, Abraham Singer contends that such a view rests on a theoretical foundation that, while quite subtle, is deeply flawed. Contrary to the conventional wisdom, corporations are not natural outgrowths of the free market. Instead, Singer invites us to see corporations as political institutions that correct market inefficiencies through mechanisms normally associated with government -hierarchy, power, and state-sanctioned authority. Corporations exist primarily to increase economic efficiency, but they do this in ways that distinguish them from the markets in which they operate. Corporations serve economic ends, but through political means. Because of this, Singer argues that they also must be structured and obliged to uphold the social and political values that enable their existence and smooth-running in the first place: individual autonomy, moral and social equality, and democratic norms and institutions.

A profound and timely rethinking of what a corporation actually is and how power within it ought to be structured and exercised, The Form of the Firm will reshape our understanding of political theory, corporate governance, corporate law, and business ethics.

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