IDEAS home Printed from https://ideas.repec.org/a/kap/jbuset/v120y2014i4p473-488.html
   My bibliography  Save this article

Expanding Workers’ ‘Moral Space’: A Liberal Critique of Corporate Capitalism

Author

Listed:
  • Sandrine Blanc

Abstract

This paper assesses employees’ moral agency within corporate capitalism from a politically liberal standpoint. While political liberalism has spelt out its key institutional implications at state level, it has neglected moral agency at work, assuming that a rights-based state that secures freedom of contract, free choice of occupation and a free labour market within a fair context would protect it sufficiently. Yet two features of corporate capitalism constrain employees’ moral agency: the relation of authority that forms part of the work contract and organisations’ fragmented decision-making processes. Both seem at odds with the liberal ideal of allowing people to live by their own conception of the good. Consequently, this paper examines whether political liberalism should recommend greater safeguards for protecting workers’ moral agency. It proposes a criterion for assessing corporate capitalism: the ‘moral space’ defined as the socially shaped opportunities for action that can be enacted or endorsed from a comprehensive perspective. It argues that liberals should favour arrangements that widen workers’ moral space and suggests institutional designs that may achieve this while remaining within liberal boundaries. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • Sandrine Blanc, 2014. "Expanding Workers’ ‘Moral Space’: A Liberal Critique of Corporate Capitalism," Journal of Business Ethics, Springer, vol. 120(4), pages 473-488, April.
  • Handle: RePEc:kap:jbuset:v:120:y:2014:i:4:p:473-488
    DOI: 10.1007/s10551-013-2000-z
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10551-013-2000-z
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s10551-013-2000-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Blanc, Sandrine & Al-Amoudi, Ismael, 2013. "Corporate Institutions in a Weakened Welfare State: A Rawlsian Perspective," Business Ethics Quarterly, Cambridge University Press, vol. 23(4), pages 497-525, October.
    2. Heath, Joseph & Moriarty, Jeffrey & Norman, Wayne, 2010. "Business Ethics and (or as) Political Philosophy," Business Ethics Quarterly, Cambridge University Press, vol. 20(3), pages 427-452, July.
    3. Nien-hê Hsieh, 2007. "Managers, Workers, and Authority," Journal of Business Ethics, Springer, vol. 71(4), pages 347-357, April.
    4. BOATRIGHT, John R., 2004. "Employee governance and the ownership of the firm," Economic and Social Journal (Economisch en Sociaal Tijdschrift), University of Antwerp, Faculty of Business and Economics, vol. 57(4), pages 423-449, Februari.
    5. Amable, Bruno, 2003. "The Diversity of Modern Capitalism," OUP Catalogue, Oxford University Press, number 9780199261147.
    6. Marie-Laure Salles-Djelic, 1998. "Exporting the American Model," Post-Print hal-01892020, HAL.
    7. Boatright, John R., 2004. "Employee Governance and the Ownership of the firm," Business Ethics Quarterly, Cambridge University Press, vol. 14(1), pages 1-21, January.
    8. Robé Jean-Philippe, 2011. "The Legal Structure of the Firm," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 1(1), pages 1-88, January.
    9. Hasnas, John, 1998. "The Normative Theories of Business Ethics: A Guide for the Perplexed," Business Ethics Quarterly, Cambridge University Press, vol. 8(1), pages 19-42, January.
    10. Chandler, Alfred D., 1990. "Scale and Scope: A Review Colloquium - Scale and Scope: The Dynamics of Industrial Capitalism. By Alfred D. ChandlerJr., with Takashi Hikino · Cambridge, Mass.: Harvard University Press, 1990. xix + ," Business History Review, Cambridge University Press, vol. 64(4), pages 690-735, January.
    11. McCall, John J., 2001. "Employee Voice in Corporate Governance: A Defense of Strong Participation Rights," Business Ethics Quarterly, Cambridge University Press, vol. 11(1), pages 195-213, January.
    12. Maitland, Ian, 2001. "Distributive Justice in Firms: Do the Rules of Corporate Governance Matter?," Business Ethics Quarterly, Cambridge University Press, vol. 11(1), pages 129-143, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Herzog Lisa, 2016. "Basic Income and the Ideal of Epistemic Equality," Basic Income Studies, De Gruyter, vol. 11(1), pages 29-38, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Waheed Hussain & Jeffrey Moriarty, 2018. "Accountable to Whom? Rethinking the Role of Corporations in Political CSR," Journal of Business Ethics, Springer, vol. 149(3), pages 519-534, May.
    2. Brink, Alexander, 2011. "Spezifische Investitionen als Legitimationsgrundlage für Stakeholderansprüche," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 65(1), pages 50-68.
    3. Wu, Fang & Cao, June & Zhang, Xiaosan, 2023. "Do non-executive employees matter in curbing corporate financial fraud?," Journal of Business Research, Elsevier, vol. 163(C).
    4. Tony Edwards & Paul Marginson & Anthony Ferner, 2013. "Multinational Companies in Cross-National Context: Integration, Differentiation, and the Interactions between MNCS and Nation States," ILR Review, Cornell University, ILR School, vol. 66(3), pages 547-587, May.
    5. Gordon Redding & Michael Witt, 2009. "China’s business system and its future trajectory," Asia Pacific Journal of Management, Springer, vol. 26(3), pages 381-399, September.
    6. Abraham Singer, 2018. "Justice Failure: Efficiency and Equality in Business Ethics," Journal of Business Ethics, Springer, vol. 149(1), pages 97-115, April.
    7. J. (Hans) van Oosterhout, 2007. "Authority and Democracy in Corporate Governance?," Journal of Business Ethics, Springer, vol. 71(4), pages 359-370, April.
    8. Dominic Martin, 2013. "The Contained-Rivalry Requirement and a ‘Triple Feature’ Program for Business Ethics," Journal of Business Ethics, Springer, vol. 115(1), pages 167-182, June.
    9. Alexander Brink, 2010. "Enlightened Corporate Governance: Specific Investments by Employees as Legitimation for Residual Claims," Journal of Business Ethics, Springer, vol. 93(4), pages 641-651, June.
    10. Paul K. Edwards & Rocío Sánchez-Mangas & Olga Tregaskis & Christian Lévesque & Anthony McDonnell & Javier Quintanilla, 2013. "Human Resource Management Practices in the Multinational Company: A Test of System, Societal, and Dominance Effects," ILR Review, Cornell University, ILR School, vol. 66(3), pages 588-617, May.
    11. Marie-Laure Salles-Djelic & Helen Etchanchu, 2015. "Contextualizing Corporate Political Responsibilities: Neoliberal CSR in Historical Perspective," Post-Print hal-01891961, HAL.
    12. Marie-Laure Salles-Djelic & Helen Etchanchu, 2015. "Contextualizing Corporate Political Responsibilities: Neoliberal CSR in Historical Perspective," SciencePo Working papers Main hal-01891961, HAL.
    13. Magali Fia & Lorenzo Sacconi, 2019. "Justice and Corporate Governance: New Insights from Rawlsian Social Contract and Sen’s Capabilities Approach," Journal of Business Ethics, Springer, vol. 160(4), pages 937-960, December.
    14. Pierre-Yves Néron, 2015. "Egalitarianism and Executive Compensation: A Relational Argument," Journal of Business Ethics, Springer, vol. 132(1), pages 171-184, November.
    15. Ignacio Ferrero & W. Michael Hoffman & Robert E. McNulty, 2012. "Must Milton Friedman Embrace Stakeholder Theory?," Faculty Working Papers 10/12, School of Economics and Business Administration, University of Navarra.
    16. Huo, Jingjing, 2015. "How Nations Innovate: The Political Economy of Technological Innovation in Affluent Capitalist Economies," OUP Catalogue, Oxford University Press, number 9780198735847.
    17. Naz Sayari & Bill Marcum, 2022. "Board systems, employee representation, and neo‐institutional theory: The moderating effect of economic freedom on corporate boards and financial performance," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3931-3952, December.
    18. Anne Tempel & Peter Walgenbach, 2007. "Global Standardization of Organizational Forms and Management Practices? What New Institutionalism and the Business‐Systems Approach Can Learn from Each Other," Journal of Management Studies, Wiley Blackwell, vol. 44(1), pages 1-24, January.
    19. Anselm Schneider & Andreas Scherer, 2015. "Corporate Governance in a Risk Society," Journal of Business Ethics, Springer, vol. 126(2), pages 309-323, January.
    20. Marie-Laure Djelic & Helen Etchanchu, 2017. "Contextualizing Corporate Political Responsibilities: Neoliberal CSR in Historical Perspective," Journal of Business Ethics, Springer, vol. 142(4), pages 641-661, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jbuset:v:120:y:2014:i:4:p:473-488. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.