From Corpo Economicus to Corpo Sapiens

40 Pages Posted: 30 May 2018

See all articles by Lua K. Yuille

Lua K. Yuille

University of Kansas School of Law

Date Written: 2017

Abstract

One image of the corporation animates the fields of corporate law and corporate governance both discursively and practically: The corporation is an institution that exists to facilitate the pursuit of a reasonably simple objective—to maximize wealth (i.e. profits) through the correct means (i.e. efficient ones). By and large, the law reifies and perpetuates this image by creating strictures that facilitate its perceived advantages and mitigate its perceived dangers. However, practice has shown that this foundational principle is not always or necessarily consistent with real world experience. This article explores this disconnect.

Keywords: corporation, economics, homo economicus, neoclassical, law, profit maximization, hobby lobby, whole foods, toms, Lehman Brothers

JEL Classification: K22, K20, K0

Suggested Citation

Yuille, Lua Kamal, From Corpo Economicus to Corpo Sapiens (2017). 55 University of Louisville Law Review 163 (2017). Available at SSRN: https://ssrn.com/abstract=3080049

Lua Kamal Yuille (Contact Author)

University of Kansas School of Law ( email )

Green Hall
1535 W. 15th Street
Lawrence, KS 66045-7577
United States

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