Heterodox Critiques of Corporate Social Responsibility
Corporate social responsibility (CSR) is in vogue in recent times. It has been widely received by socially concerned people in business, academia, and NGOs that CSR would lend support to the improvement in social welfare and the protection of environment. However, the question that whether corporations are socially responsible or corporations should behave responsibly is beside the point from the heterodox economic perspective. The proper question to pose is how corporations manipulate the social by means of CSR. Drawing upon the heterodox theory of the business enterprise along with the social provisioning perspective, I argue that the business corporation has always acted in a socially responsible manner by generating ethical-political-cultural values, norms, and beliefs that legitimize whatever the business corporation does is socially responsible. In this respect, CSR is a market-based means to control the social provisioning process by way of creating an illusionary image of corporations and, thereby, hiding the ruthless acquisitive drive and the exploitation of human beings and nature.
|Date of creation:||12 Dec 2011|
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- Martha Starr, 2007. "The Macro/Social Economics of Corporate Social Responsibility: Informational Abundance and Collective Action," Working Papers 2007-22, American University, Department of Economics.
- Lee, Frederic & Jo, Tae-Hee, 2010.
"Social surplus approach and heterodox economics,"
27636, University Library of Munich, Germany.
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- Martha Starr, 2007. "Socially Responsible Investment and Pro-social Change," Working Papers 2007-23, American University, Department of Economics.
- Crane, Andrew & McWilliams, Abagail & Matten, Dirk & Moon, Jeremy & Siegel, Donald S. (ed.), 2009. "The Oxford Handbook of Corporate Social Responsibility," OUP Catalogue, Oxford University Press, number 9780199573943, March.
- Marilyn Power, 2004. "Social Provisioning As A Starting Point For Feminist Economics," Feminist Economics, Taylor & Francis Journals, vol. 10(3), pages 3-19.
- L. Randall Wray, 2009. "The rise and fall of money manager capitalism: a Minskian approach," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 807-828, July.
- Frederic S. Lee, 2002. "Theory creation and the methodological foundation of Post Keynesian economics," Cambridge Journal of Economics, Oxford University Press, vol. 26(6), pages 789-804, November.
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