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Volume 6  Number 4  •  Spring 2002
Other Issues:  

The Stakeholder Concept of Corporate Control Is Illogical and Impractical
By Norman Barry
This article appeared in the Spring 2002 issue of The Independent Review

Criticisms of the stakeholder concept of corporate governance have focused on its threats to private-property rights and to traditional incentives for corporate accountability. An equally serious objection, however, is that stakeholder theory is plagued by the same logical problems that confront democracy in general.

Other Independent Review articles by Norman Barry
    Fall 1997   Hayek’s Political Economy: The Socio-Economics of Order