Wednesday, December 07, 2011

The Corporation - Part 2

Nice little piece today from Ross Gittins on suggestions for a "relational business charter".

In part it goes to the same territory as my comments on the corporation. But only in part.

The question is more how would you get firm's to pursue the objectives given the myth of "maximising returns". The answer is more that the public policy debate needs a better understanding of the role of the firm and feel comfortable regulating them to achieve the wider objective.

Novae Meridianae Demetae Dexter delenda est

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