Jump to ContentJump to Main Navigation
Corporate IrresponsibilityAmerica`s Newest Export$
Users without a subscription are not able to see the full content.

Lawrence E. Mitchell

Print publication date: 2001

Print ISBN-13: 9780300090239

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300090239.001.0001

Show Summary Details
Page of

PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in YSO for personal use (for details see http://www.yale.universitypressscholarship.com/page/privacy-policy).date: 23 June 2018

Introduction

Introduction

Chapter:
(p.1) Introduction
Source:
Corporate Irresponsibility
Author(s):

Lawrence E. Mitchell

Publisher:
Yale University Press
DOI:10.12987/yale/9780300090239.003.0001

This chapter introduces the modern American business corporation. It reveals that American business is a subject of wonder for the limited liability and liquid shares that have given entrepreneurs and professional managers the power to concentrate and use capital for innovative and risky projects which create technological miracles and human comforts. The chapter discusses how the extraordinary contemporary success of the American corporation—which appears to bring great prosperity at home and has come to dominate economies abroad—is based on the false premise that the corporation's purpose is to maximize shareholder value or, in more common terms, stock price. It also explains that healthy business and a healthy economy depend on a thorough understanding of the corporation's role in modern society and its responsibilities as well as its rights.

Keywords:   liquid shares, entrepreneurs, American corporation, shareholder, liability

Yale Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.