Stakeholder Capitalism

Journal of Business Ethics 74 (4):303-314 (2007)
  Copy   BIBTEX

Abstract

In this article, we will outline the principles of stakeholder capitalism and describe how this view rejects problematic assumptions in the current narratives of capitalism. Traditional narratives of capitalism rely upon the assumptions of competition, limited resources, and a winner-take-all mentality as fundamental to business and economic activity. These approaches leave little room for ethical analysis, have a simplistic view of human beings, and focus on value-capture rather than value-creation. We argue these assumptions about capitalism are inadequate and leave four problems in their wake. We wish to reframe the narrative of capitalism around the reinforcing concepts of stakeholders coupled with value creation and trade. If we think about how a society can sustain a system of voluntary value creation and trade, then capitalism can once more become a useful concept.

Other Versions

No versions found

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 103,449

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Poor People and the Politics of Capitalism.R. Edward Freeman, Adrian Keevil & Lauren Purnell - 2011 - Business and Professional Ethics Journal 30 (3-4):179-194.
Stakeholder Theory: A Libertarian Defense.R. Edward Freeman & Robert A. Phillips - 2002 - Business Ethics Quarterly 12 (3):331-349.
Accountable Capitalism, Responsible Capitalism, and Political Capitalism.Duane Windsor - 2019 - Proceedings of the International Association for Business and Society 30:12-25.

Analytics

Added to PP
2009-01-28

Downloads
204 (#126,340)

6 months
10 (#281,857)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Robert Edward Freeman
University of Virginia

References found in this work

The Politics of Stakeholder Theory.R. Edward Freeman - 1994 - Business Ethics Quarterly 4 (4):409-421.
Darwin's Dangerous Idea.Daniel Dennett - 1994 - Behavior and Philosophy 24 (2):169-174.
Stakeholder Theory: A Libertarian Defense.R. Edward Freeman & Robert A. Phillips - 2002 - Business Ethics Quarterly 12 (3):331-349.
Business Ethics at the Millennium.R. Edward Freeman - 2000 - Business Ethics Quarterly 10 (1):169-180.

Add more references