IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-8349-3542-7_1.html
   My bibliography  Save this book chapter

Introduction and Problem Exposition

In: A New Institutional Economics Perspective on Industry Self-Regulation

Author

Listed:
  • Jan Sammeck

Abstract

Zusammenfassung During the last three decades, the corporation as an institution has increasingly become an object of solicitude in western capitalist societies. In particular, it is the concern that corporations and the industries they constitute create negative externalities for society, that is, they are detrimental to social welfare. Shaped by the experience with large-scale corporate and industry scandals, the impression that some corporations violate and degrade the moral belief system of society in their effort to generate profits has been raised. This development is most visibly reflected in the formation of non-governmental organizations (NGOs) and related civil society organizations that articulate ethical beliefs and translate them into demands which, although possibly concerned with different spheres and parts of society, at the core share the same idea: For the sake of social welfare, the economic producing of individuals must not violate the moral belief system of the society the individual is part of. Put differently, economic prosperity should not compromise the extent to which other values are realized, and business must not confine society in its ability to be, for example, just, equitable, sustainable, or caring for the environment.

Suggested Citation

  • Jan Sammeck, 2012. "Introduction and Problem Exposition," Springer Books, in: A New Institutional Economics Perspective on Industry Self-Regulation, chapter 1, pages 1-8, Springer.
    • Handle: RePEc:spr:sprchp:978-3-8349-3542-7_1
    DOI: 10.1007/978-3-8349-3542-7_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:sprchp:978-3-8349-3542-7_1. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.