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Public capitalism : the political authority of corporate executives / Christopher McMahon.

By: McMahon, Christopher, 1945-.
Material type: TextTextSeries: JSTOR eBooks.Publisher: Philadelphia : University of Pennsylvania Press, ©2013Edition: 1st ed.Description: 1 online resource (viii, 206 pages).Content type: text Media type: computer Carrier type: online resourceISBN: 0812207262; 9780812207262; 1283898705; 9781283898706.Subject(s): Business ethics | Executives | Political ethics | CapitalismAdditional physical formats: Print version:: No titleDDC classification: 174/.4 LOC classification: HF5387 | .M433 2013Online resources: Click here to view this ebook.
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Item type Current location Call number URL Status Date due Barcode
Electronic Book UT Tyler Online
HF5387 .M433 2013 (Browse shelf) Available ocn824733537

Includes bibliographical references (pages 193-197) and index.

Print version record.

Reviews provided by Syndetics


Readers of Public Capitalism will find themselves squarely confronting the growing debate about the proper social role of corporations and corporate power. McMahon (philosophy, Univ. of California, Santa Barbara) presents an expansive view, portraying corporate officials as "partners in a collaborative effort with government to promote the public good." As corporations begin to take on a more public role, legitimizing corporate power becomes imperative. But questions about the legitimacy of corporate power cannot, McMahon argues, be answered by reference to conventional standards such as markets, profits, or corporate governance charters. Therefore, McMahon asserts that future determinations of the rights and obligations of corporations will eventually rest on an assessment of "the best consequences for the public good as a whole." He sees public capitalism as compatible with profit seeking but not with profit maximization, even though the latter is an ingredient of economic expansion and individual economic well-being. In addition, he is not explicit about the effect of public capitalism on efficiency, profit, or human motivation. However, the book opens new territory in the debate about how corporations are beginning to fulfill new expectations emerging in many quarters. Summing Up: Highly recommended. General readers, undergraduate students, graduate students, and research faculty. J. E. Herbel Georgia College and State University

Author notes provided by Syndetics

Christopher McMahon is Professor of Philosophy at the University of California, Santa Barbara, and author of Reasonable Disagreement: A Theory of Political Morality, Collective Rationality and Collective Reasoning, and Authority and Democracy: A General Theory of Government and Management.

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