Contracts and Hierarchies: A Moral Examination of Economic Theories of the Firm
An influential set of economic theories argue that the firm is a nexus of contracts that institute a hierarchy to overcome the problems of incomplete contracting in the market. However, the economic theory of the firm as a hierarchy violates the moral requirement to respect the autonomy of those who...
| 主要作者: | |
|---|---|
| 格式: | 电子 文件 |
| 语言: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | 载入...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| 出版: |
Cambridge Univ. Press
2018
|
| In: |
Business ethics quarterly
Year: 2018, 卷: 28, 发布: 2, Pages: 153-173 |
| Further subjects: | B
企业管理
B Hierarchy B theory of the firm B Law and economics B Autonomy |
| 在线阅读: |
Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
| 总结: | An influential set of economic theories argue that the firm is a nexus of contracts that institute a hierarchy to overcome the problems of incomplete contracting in the market. However, the economic theory of the firm as a hierarchy violates the moral requirement to respect the autonomy of those who contract into the firm. The internal logic of the theory depends on a morally unacceptable abdication of a part of the employee’s capacity to set her own ends in the future. So a different theory is needed to understand the nature and purpose of the firm. The development of such a theory can benefit from business ethicists engaging with existing economic theories of the firm to explore concepts like contracts, agency, and property. |
|---|---|
| ISSN: | 2153-3326 |
| Contains: | Enthalten in: Business ethics quarterly
|
| Persistent identifiers: | DOI: 10.1017/beq.2017.54 |