scholarly journals Engaging Ethically: A Discourse Ethics Perspective on Social Shareholder Engagement

2015 ◽  
Vol 25 (2) ◽  
pp. 163-189 ◽  
Author(s):  
Jennifer Goodman ◽  
Daniel Arenas
Keyword(s):  
Common Good ◽  
Theory Of The Firm ◽  
Discourse Ethics ◽  
Traditional Theory ◽  
Responsible Investment ◽  
Ethical Concerns ◽  
Political Role ◽  
Shareholder Engagement ◽  
Corporate Decisions ◽  
The Common

ABSTRACT:The primacy of shareholder demands in the traditional theory of the firm has typically excluded marginalised stakeholder voices. However, shareholders involved in social shareholder engagement (SSE) purport to bring these voices into corporate decision-making. In response to ethical concerns about the legitimacy of SSE, we use the lens of discourse ethics to provide a normative analysis at both action and constitutional levels. By specifying three normative questions, we extend the analysis of SSE to identify a political role for shareholders in pursuit of the common good. We demonstrate the desirability for SSE to promote regulatory/institutional change to guarantee marginalised stakeholders a voice in corporate decisions that affect them. The theory of SSE we propose thus calls into question the stark separation of the political and economic spheres and reveals an underlying tension, often overlooked, within the responsible investment literature.

scholarly journals Strategic management, the theory of the firm, and digitalization: Reintroducing a normative perspective

2021 ◽  
Vol 2 (1) ◽  
pp. 41-53
Author(s):  
Dodo zu Knyphausen-Aufseß ◽  
Tilman Santarius
Keyword(s):  
Strategic Management ◽  
Common Good ◽  
Theory Of The Firm ◽  
Traditional Theory ◽  
Social Relevance ◽  
Core Element ◽  
Organizational Arrangement ◽  
The Common ◽  
Key Terms ◽  
Normative Perspective

The theory of the firm, as we know it from the literature, focuses on the boundary question. Recently, the idea of ecosystems, an organizational arrangement that lies somewhere between the firm and the market poles, has been promoted as an adequate response to the ongoing trend of digitalization (Jacobides, Cennamo, & Gawer, 2018). What is missing in the extant literature is an answer to or reflection on the normative question of what role business firms should or could play in modern societies, where major (“grand”) challenges such as climate change, poverty, migration, and rising inequality are seen (George, Howard-Grenville, Joshi, & Tihanyi, 2016). Thus, a core element of the traditional theory of the firm has been neglected, with the consequence that its social relevance is no longer evident. We focus on the strategic management discipline, with an aim to reintroduce the lost normative perspective and to provide a guideline for future theorizing about business firms as well as guidelines for practice. The three cornerstones of our framework are (de-) growth, sustainability, and digitalization. We emphasize the digitalization angle and elaborate on what we call the “common good orientation” of digitalization, using the key terms “internet as a commons”, “open-source”, and “cooperative platforms”

scholarly journals Constantine Lascaris, his manuscripts and his ethical concerns

2021 ◽  
Vol 15 (2) ◽  
pp. 538-572
Author(s):  
Juan Felipe Gonzalez-Calderon
Keyword(s):  
Common Good ◽  
Special Kind ◽  
Way Of Life ◽  
Spiritual Exercise ◽  
Ethical Concerns ◽  
The Common Good ◽  
Moral Improvement ◽  
The Common ◽  
Virtuous Life ◽  
Intellectual Activities

This article aims to examine Constantine Lascaris’s work on Aristoteles’ ethical corpus. We consider evidence from the textual witnesses of the Nicomachean Ethics, the Eudemian Ethics, the Magna Moralia, and some other minor ethical writings, which belonged to Lascaris, in order to reconstruct his working methods. We also explore Lascaris’ own statements about virtuous life; a life devoted to the service of the common good, to philosophy and to the study of texts. For him philosophy was a way of life, rather than simply a discourse. We look at the link between written culture and philosophical life and propose further research into how Byzantine and Renaissance scholars understood their own intellectual activities to be a special kind of spiritual exercise intended to promote moral improvement in both individuals and societies.

scholarly journals The Common Good of the Firm in the Aristotelian-Thomistic Tradition

2012 ◽  
Vol 22 (2) ◽  
pp. 211-246 ◽  
Author(s):  
Alejo José G. Sison ◽  
Joan Fontrodona
Keyword(s):  
Political Theory ◽  
Common Good ◽  
Historical Development ◽  
Theory Of The Firm ◽  
The Political ◽  
The Common Good ◽  
Goods And Services ◽  
The Common

ABSTRACT:This article proposes a theory of the firm based on the common good. It clarifies the meaning of the term “common good” tracing its historical development. Next, an analogous sense applicable to the firm is derived from its original context in political theory. Put simply, the common good of the firm is the production of goods and services needed for flourishing, in which different members participate through work. This is linked to the political common good through subsidiarity. Lastly, implications and challenges arising from the positing of work as the common good of the firm are explored.

On everyday academic research

2017 ◽  
pp. 98-134 ◽  
Author(s):  
J. Tirole
Keyword(s):  
Common Good ◽  
Academic Research ◽  
Research Quality ◽  
Economic Research ◽  
Relevant Research ◽  
The Common ◽  
Verification Of Models ◽  
Science And Research

In the fourth chapter of the book “The economy of the common good”, the nature of economics as a science and research practices in their theoretical and empirical aspects are discussed. The author considers the processes of modeling, empirical verification of models and evaluation of research quality. In addition, the features of economic cognition and the role of mathematics in economic research are analyzed, including the example of relevant research in game theory and information theory.

Vickers Hot Springs

2017 ◽  
Vol 1 (1) ◽  
pp. 1-6
Author(s):  
Jennifer M. Bernstein
Keyword(s):  
Common Good ◽  
Common Property ◽  
Hot Springs ◽  
Public Access ◽  
Common Property Resource ◽  
Resource Conflict ◽  
Social Ecological ◽  
The Commons ◽  
Local Residents ◽  
The Common

Vickers Hot Springs is located near the rural Southern California town of Ojai, and local residents have long enjoyed soaking in the sulfuric pools. But as knowledge of the springs spread, the area saw increases in fights, traffic, burglaries, and drug use. In response, two residents purchased the land and committed to restore the property while allowing limited public access, subsequently generating a great deal of controversy within the community. Privatizing Vickers Hot Springs follows the archetypical lesson of Garrett Hardin's 1968 essay, “The Tragedy of the Commons.” Hardin stated that the problem for common-pool resources was that a finite amount of services are demanded by a potentially infinite number of users, who have little to gain by sacrificing for the common good. But Hardin's theory does not always apply. Many communities have come together to manage resources, often without government oversight. Thus, the question is not whether or not Hardin's theory is accurate, but rather “under what conditions it is correct and when it makes the wrong predictions.” Case studies provide nuance to the broad brushstrokes of a theory, and whether Hardin's parable is applicable depends on the particularities of the common property resource conflict. Employing the frameworks established by Hardin, Dietz et al., and Ostrom, this paper examines the management of Vickers Hot Springs within its broader social, ecological, and political context, asking whether the particular circumstances of this resource use conflict made privatization the most predictable outcome.

The European Guilds

2019 ◽  
Author(s):  
Sheilagh Ogilvie
Keyword(s):  
Middle Ages ◽  
Common Good ◽  
Industrial Revolution ◽  
Dark Side ◽  
Market Failures ◽  
Women Migrants ◽  
Work Skills ◽  
The Common ◽  
Economic Reasoning ◽  
European Economies

Guilds ruled many crafts and trades from the Middle Ages to the Industrial Revolution, and have always attracted debate and controversy. They were sometimes viewed as efficient institutions that guaranteed quality and skills. But they also excluded competitors, manipulated markets, and blocked innovations. Did the benefits of guilds outweigh their costs? Analyzing thousands of guilds that dominated European economies from 1000 to 1880, this book uses vivid examples and clear economic reasoning to answer that question. The book features the voices of honourable guild masters, underpaid journeymen, exploited apprentices, shady officials, and outraged customers, and follows the stories of the “vile encroachers”—women, migrants, Jews, gypsies, bastards, and many others—desperate to work but hunted down by the guilds as illicit competitors. It investigates the benefits of guilds but also shines a light on their dark side. Guilds sometimes provided important services, but they also manipulated markets to profit their members. They regulated quality but prevented poor consumers from buying goods cheaply. They fostered work skills but denied apprenticeships to outsiders. They transmitted useful techniques but blocked innovations that posed a threat. Guilds existed widely not because they corrected market failures or served the common good, but because they benefited two powerful groups—guild members and political elites. The book shows how privileged institutions and exclusive networks shape the wider economy—for good or ill.

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