Posts tagged corporations

Corporate Citizens Can Do Well by Doing Good: Richard H. Thaler

More generally, is any way of making money acceptable as long as it is both profitable and legal?

There is an interesting irony here. Those who would favor this narrow definition of corporate responsibility are typically very skeptical of governments. Yet, in their worldview, it is the government that decides the limits of what a company should do.

If an activity is legal, no matter how unsavory or unscrupulous it might be, then corporations aren’t merely allowed to pursue it, it is their corporate responsibility to do so.

As a matter of logic, if the only standard you are willing to live by is the letter of the law, then you should expect that the letter of the law will become increasingly specific.