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Freedom, Capitalism and Human Behavior Chapter 3: Applications of the Jensen Meckling Concept of Freedom


Michael C. Jensen


Harvard Business School; Social Science Electronic Publishing (SSEP), Inc.; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)
June 30, 1999

Harvard Business School NOM Unit Working Paper No. 1999

Abstract:     
The discussion in Chapter 1 provides a useful general introduction to the subject of freedom. We continue in this chapter to analyze the details of applications of the Jensen-Meckling definition of freedom. We begin by addressing the following question: Why are the constraints that restaurant owners impose when they are given decision rights not themselves violations of freedom?

Number of Pages in PDF File: 20

Keywords: freedom, capitalism, concept of freedom, rights, markets, freedom of exchange, freedom of expression, politics and freedom, Constitution

JEL Classification: A00, H00, K00

working papers series


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Date posted: October 19, 2005 ; Last revised: May 18, 2013

Suggested Citation

Jensen, Michael C., Freedom, Capitalism and Human Behavior Chapter 3: Applications of the Jensen Meckling Concept of Freedom (June 30, 1999). Harvard Business School NOM Unit Working Paper No. 1999. Available at SSRN: http://ssrn.com/abstract=638801 or http://dx.doi.org/10.2139/ssrn.638801

Contact Information

Michael C. Jensen (Contact Author)
Harvard Business School ( email )
Soldiers Field
Negotiations, Organizations & Markets
Boston, MA 02163
United States
617-510-3363 (Phone)
305-675-3166 (Fax)
HOME PAGE: http://drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=ovr&facId=6484
Social Science Electronic Publishing (SSEP), Inc. ( email )
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305 675-3166 (Fax)
HOME PAGE: http://ssrn.com/author=9

National Bureau of Economic Research (NBER) ( email )
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Cambridge, MA 02138
United States
European Corporate Governance Institute (ECGI) ( email )
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
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