Political Theory

Liberty versus Democracy in Corporate Governance


This conference explored different aspects of corporate governance, director-centered versus shareholder-centered governance, as well the relationship of the government and the market in regulation. The role of financial crises and the legislation that is passed in their wake was considered—in this case, Sarbanes-Oxley and Dodd Frank.


Conference Readings

Bainbridge, Stephen M. Corporate Governance after the Financial Crisis. New York: Oxford University Press USA, 2012.

Berle, Adolf A. and Gardiner C. Means. The Modern Corporation and Private Property. New Brunswick: Transaction Publishers, 2009.

Coase, R. H. “The Nature of the Firm.” Economica 4, no. 16 (November 1937): 386-405.

Freeman, R. Edward, “A Stakeholder Theory of the Modern Corporation” In Ethical Theory and Business, edited by Tom L. Beauchamp and Norman Bowie, 55-64. Upper Saddle River: Pearson (Prentice Hall), 2004.

Friedman, Milton. “The Social Responsibility of Business is to Increase its Profits.” The New York Times Magazine (September 13, 1970): 1-6.

Hessen, Robert, “Corporations” In The Concise Encyclopedia of Economics, edited by David R. Henderson, 95-98. Indianapolis: Liberty Fund, Inc, 2008.

Macey, Jonathan R. Corporate Governance: Promises Kept, Promises Broken. Princeton: Princeton University Press, 2008.

Macey, Jonathan R. “A Close Read of an Excellent Commentary on Dodge v. Ford.” Virginia Law & Business Review 3, no. 1 (Spring 2008): 177-190.