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Corporate responsibility and economic theory: an anthropological perspective

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  • John Gowdy

Abstract

A basic worldview of economic theory is the notion that humans have unlimited material wants and limited means to satisfy these wants. In this framework the task of economists is to design policy instruments to meet human preferences for material commodities as efficiently as possible, that is, with the minimum amount of society's scarce resources. An interesting perspective on this aspect of contemporary economics is offered by anthropologists who trace the origins of economic man back hundreds if not thousands of years. Such a long-term perspective is all the more important since the standard economic preference satisfaction model of consumer and firm behaviour is being replaced by models consistent with current research findings in the fields of psychology, anthropology and other behavioural sciences about human decision-making. Much of traditional management theory and the theory of the firm are based on the preference satisfaction model, so the demise of that conceptual base has far-reaching implications for the analysis of sustainable corporate behaviour.

Suggested Citation

  • John Gowdy, 2005. "Corporate responsibility and economic theory: an anthropological perspective," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 8(4), pages 302-314.
  • Handle: RePEc:ids:ijsusd:v:8:y:2005:i:4:p:302-314
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    Citations

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    Cited by:

    1. Jukka Hoffrén & Eeva-Lotta Apajalahti, 2009. "Emergent eco-efficiency paradigm in corporate environment management," Sustainable Development, John Wiley & Sons, Ltd., vol. 17(4), pages 233-243.
    2. Werner Hediger, 2013. "From Multifunctionality and Sustainability of Agriculture to the Social Responsibility of the Agri-food System," Journal of Socio-Economics in Agriculture (Until 2015: Yearbook of Socioeconomics in Agriculture), Swiss Society for Agricultural Economics and Rural Sociology, vol. 6(1), pages 59-80.
    3. Mikko Manner, 2010. "The Impact of CEO Characteristics on Corporate Social Performance," Journal of Business Ethics, Springer, vol. 93(1), pages 53-72, June.

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