Even though our understanding of corporate governance has evolved from a rigid model of command and control toward a more flexible model of incentive mechanisms, numerous and major shortcomings continue to plague efforts to resolve the conflicts of interest inherent in the managerial approach to corporate control. In this stimulating book the work of ten outstanding scholars in the field converges, along different avenues of research and analysis, toward a vital critique of two assumptions in currently dominant economic theory: that uncertainty can be reduced to numerical probabilities, and...
Even though our understanding of corporate governance has evolved from a rigid model of command and control toward a more flexible model of incentive ...
For more than a century Western democracies have struggled to keep faith with both economic efficiency and social justice. Yet reconciliation of these factors remains as baffling as ever. Among the many voices clamoring today for a theory of collective action, we hear most often of the great chasm between legitimacy and efficiency. It is the contention of the authors of this ground-breaking book that these antinomies can be seen as distinct moments of application in the operation of normative judgement, and that a reflexive treatment of norms of collective action, by clarifying limitations in...
For more than a century Western democracies have struggled to keep faith with both economic efficiency and social justice. Yet reconciliation of these...
