v4 n3 von Kriegstein on Jones and Felps

H-von-Kriegstein“Armchair versus Armchair: Let’s Not Try to Guess the Social Value of Corporate Objectives” by Hasko von Kriegstein

A COMMENTARY ON Thomas M. Jones and Will Felps (2013), “Shareholder Wealth Maximization and Social Welfare: A Utilitarian Critique” Bus Ethics Q 23(2): 207–238. http://doi.org/10.5840/beq201323215

Abstract:
Jones and Felps claim that social welfare would be enhanced, if corporate managers adopted the goal of directly improving the happiness of their stakeholders instead of profit maximization. I argue that their argument doesn’t establish this. They show that a utilitarian case for profit orientation cannot be made from the armchair. But neither can the case for Jones and Felps’ preferred alternative. Moreover, their defense of it relies on empirically unsubstantiated assumptions.

To download the full PDF, click here: von Kriegstein on Jones and Felps



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s