affiliation not provided to SSRN
IEA Hobart Paper No. 142
The doctrine of Corporate Social Responsibility (CSR) now enjoys widespread support. Companies are enjoined not simply to seek profit but to demonstrate their 'corporate citizenship' by working with a range of stakeholders to further environmental and social as well as economic goals. Pressures for such behaviour have come from NGOs but have been taken up by academics, other commentators and multinational enterprises themselves.
David Henderson examines the CSR doctrine, subjecting it to fundamental criticisms. In this controversial text he argues that, far from being harmless, its adoption threatens prosperity in poor countries as well as rich. It is likely to reduce competition and economic freedom and to undermine the market economy.
Number of Pages in PDF File: 176
Keywords: corporate social responsibility, triple bottom line
JEL Classification: L10, L20, L21, L25, G34
Date posted: April 4, 2005
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