IDEAS home Printed from https://ideas.repec.org/a/kap/jbuset/v153y2018i1d10.1007_s10551-016-3360-y.html
   My bibliography  Save this article

Justice and the Social Ontology of the Corporation

Author

Listed:
  • Nuno Ornelas Martins

    (Universidade Católica Portuguesa)

Abstract

In this article I address the question of whether corporations should be considered as part of the basic structure of society as defined in Rawls’s Theory of Justice. To do so, it becomes necessary to understand which institutions are crucial for defining Rawls’s basic structure of society. I will argue that a social ontology aimed at understanding how human institutions influence various aspects presupposed in Rawls’s basic structure of society can help addressing this topic. To do so, I shall draw upon the social ontology elaborated by Searle, who follows an approach that is particularly suitable for showing how Rawls’s basic structure of society already contains an institutional setting that must take corporations into account in its very formulation, due to the implications of the activities of the corporation for distributive justice.

Suggested Citation

  • Nuno Ornelas Martins, 2018. "Justice and the Social Ontology of the Corporation," Journal of Business Ethics, Springer, vol. 153(1), pages 17-28, November.
  • Handle: RePEc:kap:jbuset:v:153:y:2018:i:1:d:10.1007_s10551-016-3360-y
    DOI: 10.1007/s10551-016-3360-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10551-016-3360-y
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s10551-016-3360-y?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. Norman, Wayne, 2015. "Rawls on Markets and Corporate Governance," Business Ethics Quarterly, Cambridge University Press, vol. 25(1), pages 29-64, January.
    3. Tony Lawson, 2015. "The nature of the firm and peculiarities of the corporation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(1), pages 1-32.
    4. Nuno Martins, 2006. "Capabilities as causal powers," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(5), pages 671-685, September.
    5. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    6. Tony Lawson, 2012. "Ontology and the study of social reality: emergence, organisation, community, power, social relations, corporations, artefacts and money," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(2), pages 345-385.
    7. Tony Lawson, 2016. "Editor's choice Social positioning and the nature of money," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(4), pages 961-996.
    8. Joan Fontrodona & Alejo Sison, 2006. "The Nature of the Firm, Agency Theory and Shareholder Theory: A Critique from Philosophical Anthropology," Journal of Business Ethics, Springer, vol. 66(1), pages 33-42, June.
    9. Singer, Abraham, 2015. "There Is No Rawlsian Theory of Corporate Governance," Business Ethics Quarterly, Cambridge University Press, vol. 25(1), pages 65-92, January.
    10. Tony Lawson, 2009. "The current economic crisis: its nature and the course of academic economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 759-777, July.
    11. Orts, Eric W., 2013. "Business Persons: A Legal Theory of the Firm," OUP Catalogue, Oxford University Press, number 9780199670918.
    12. Nuno Martins, 2007. "Ethics, Ontology and Capabilities," Review of Political Economy, Taylor & Francis Journals, vol. 19(1), pages 37-53.
    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. Nuno Ornelas Martins, 2021. "Adam Smith and Catholic Social Teaching," Journal of Business Ethics, Springer, vol. 170(2), pages 401-411, May.

    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. 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.
    2. Imko Meyenburg, 2022. "A possibilist justification of the ontology of counterfactuals and forecasted states of economies in economic modelling," Working Papers hal-03751205, HAL.
    3. Phil Faulkner & Stephen Pratten & Jochen Runde, 2017. "Cambridge Social Ontology: Clarification, Development and Deployment," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(5), pages 1265-1277.
    4. Klaser, Klaudijo & Pinar García, Lucía Desamparados, 2023. "Zero-rating and prioritization in Europe during the Covid-19 pandemic: a Rawlsian perspective on net neutrality," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    5. Martins, Nuno, 2011. "Sustainability economics, ontology and the capability approach," Ecological Economics, Elsevier, vol. 72(C), pages 1-4.
    6. Veneziani, Roberto & Yoshihara, Naoki, 2014. "One million miles to go: taking the axiomatic road to defining exploitation," UMASS Amherst Economics Working Papers 2014-10, University of Massachusetts Amherst, Department of Economics.
    7. Teodoro Dario Togati, 2012. "How to Explain the Persistence of the Great Recession? A Balanced Stability Approach," Working papers 014, Department of Economics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    8. Claus Dierksmeier, 2020. "From Jensen to Jensen: Mechanistic Management Education or Humanistic Management Learning?," Journal of Business Ethics, Springer, vol. 166(1), pages 73-87, September.
    9. Rahul Nilakantan & Deepak Iyengar & Samar K. Datta & Shashank Rao, 2021. "On Ethical Violations in Microfinance Backed Small Businesses: Family and Household Welfare," Journal of Business Ethics, Springer, vol. 172(4), pages 785-802, September.
    10. Nuno Ornelas Martins & Américo Mendes, 2012. "Social Exclusion of Immigrants from a Capability Perspective: The Case of Portugal," Chapters, in: Roberta Capello & Tomaz Ponce Dentinho (ed.), Globalization Trends and Regional Development, chapter 10, Edward Elgar Publishing.
    11. Abraham Singer, 2018. "Justice Failure: Efficiency and Equality in Business Ethics," Journal of Business Ethics, Springer, vol. 149(1), pages 97-115, April.
    12. Nirmala Devi Mohanadas, 2019. "A Theoretical Review on Corporate Tax Avoidance: Shareholder Approach versus Stakeholder Approach," GATR Journals jfbr160, Global Academy of Training and Research (GATR) Enterprise.
    13. Caleb Bernacchio, 2021. "Virtue Beyond Contract: A MacIntyrean Approach to Employee Rights," Journal of Business Ethics, Springer, vol. 171(2), pages 227-240, June.
    14. repec:ums:papers:2014-010 is not listed on IDEAS
    15. Akbar, Saeed & Rehman, Shafiq ur & Liu, Jia & Shah, Syed Zulfiqar Ali, 2017. "Credit supply constraints and financial policies of listed companies during the 2007–2009 financial crisis," Research in International Business and Finance, Elsevier, vol. 42(C), pages 559-571.
    16. Ballet, Jérôme & Marchand, Lucile & Pelenc, Jérôme & Vos, Robin, 2018. "Capabilities, Identity, Aspirations and Ecosystem Services: An Integrated Framework," Ecological Economics, Elsevier, vol. 147(C), pages 21-28.
    17. Yuliya Shymko & Sandrine Frémeaux, 2022. "Escaping the Fantasy Land of Freedom in Organizations: The Contribution of Hannah Arendt," Journal of Business Ethics, Springer, vol. 176(2), pages 213-226, March.
    18. Ballet, Jérôme & Bazin, Damien Jérôme Albert & Komena, Boniface K., 2020. "Unequal capabilities and natural resource management: The case of Côte d’Ivoire," World Development, Elsevier, vol. 134(C).
    19. Giuseppe Danese, 2017. "A social contract approach to sustainability," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 64(4), pages 327-339, December.
    20. Donald Gillies, 2012. "Economics and Research Assessment Systems," Economic Thought, World Economics Association, vol. 1(1), pages 1-2, July.
    21. Eric Rasmusen, 2014. "The Goals of the Corporation under Shareholder Primacy," Working Papers 2014-05, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.

    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:153:y:2018:i:1:d:10.1007_s10551-016-3360-y. 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.