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Debating the Responsibility of Capitalism in Historical and Global Perspective

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  • Geoffrey G. Jones

    ()
    (Harvard Business School, General Management Unit)

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    Abstract

    This working paper examines the evolution of concepts of the responsibility of business in a historical and global perspective. It shows that from the nineteenth century American, European, Japanese, Indian and other business leaders discussed the responsibilities of business beyond making profits, although until recently such views have not been mainstream. There was also a wide variation concerning the nature of this responsibility. This paper argues that four factors drove such beliefs; spirituality, self-interest; fears of government intervention; and the belief that governments were incapable of addressing major social issues.

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    File URL: http://www.hbs.edu/faculty/pages/download.aspx?name=14-004.pdf
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    Bibliographic Info

    Paper provided by Harvard Business School in its series Harvard Business School Working Papers with number 14-004.

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    Length: 44 pages
    Date of creation: Jul 2013
    Date of revision:
    Handle: RePEc:hbs:wpaper:14-004

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    Related research

    Keywords: Rachel Carson; sustainability; local food; operations management; supply chain; business and society; Business ethics; business history; corporate philanthropy; corporate social responsibility; corporate social responsibility and impact; environmentalism; Environmental Entrepreneurship; environmental and social sustainability;

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