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THE CORPORATION'S GOVERNMENTAL PROVENANCE AND ITS SIGNIFICANCE

机译:公司的政府来源及其意义

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Corporations cannot exist, scholars rightly note, without being constituted by government. However, many take a further step, claiming that corporations are normatively distinct from other market actors because of this governmental provenance. They are mistaken. Like corporations, markets and contracts also require government for their creation. Governmental provenance does not distinguish corporations normatively because our coercive social institutions are pro tanto justified in re-arranging both corporate and non-corporate market activities on behalf of social and political values. The corporation is distinct only practically and prudentially, in that it represents a more proximate instrument for effecting morality in the economy.
机译:学者正确地指出,没有政府的组织就不可能存在公司。但是,许多公司采取了进一步的措施,声称由于这种政府出身,公司在规范上与其他市场行为者不同。他们错了。像公司一样,市场和合同也需要政府来创建。政府出身并不能在规范上区分公司,因为我们强制性的社会制度在代表社会和政治价值重新安排公司和非公司市场活动方面具有明显的正当性。公司仅在实践和审慎方面与众不同,因为它代表了一种更接近经济道德的工具。

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