Rethinking the Firm: Theories of the Business Enterprise

Hardcover | November 16, 2018

byEric W. Orts

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What is a business corporation and where do they come from? This book provides an account of the nature of the business enterprise (including the corporation) as a social institution that has become as important as political states and families in modern society. Written in jargon-free language, the book provides a guide to general readers who are interested to know how business enterprises arose historically, how they are legally regulated, what economic dynamics explain the changing size and internal organization of modern enterprises, and how thepolitical dimension is important.Essential reading for managers and policy makers, as well as academics and students in many fields, this book provides the first contemporary interdisciplinary theory of business enterprises. It provides a foundation for further thinking about the social purpose of a business enterprise, whichincludes not only the primary economic objective of wealth creation but also a larger role in the basic structure of modern society. The book will also inform those engaged in debates about how business enterprises should be regulated and toward what ends.

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What is a business corporation and where do they come from? This book provides an account of the nature of the business enterprise (including the corporation) as a social institution that has become as important as political states and families in modern society. Written in jargon-free language, the book provides a guide to general re...

Eric W. Orts is the Guardsmark Professor at the Wharton School of the University of Pennsylvania. He is a professor in the Legal Studies and Business Ethics Department with a joint appointment in the Management Department. His primary research and teaching interests are corporate governance, professional ethics, and environmental ma...

other books by Eric W. Orts

Format:HardcoverDimensions:250 pages, 9.21 × 6.14 × 0.1 inPublished:November 16, 2018Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199211353

ISBN - 13:9780199211357

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Table of Contents

Introduction: The Business Enterprise as a Social InstitutionA Short History of the Business EnterpriseThe Legal Definition and Boundaries of the Business EnterpriseThe Wealth and Poverty of Economic Theories of the FirmEnterprise and Politics: The Separation of Business and StateBusiness Theory: Law, Economics, Politics, Ethics, and Beyond