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What Milton Friedman Missed About Social Inequality

ProMarket writers
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Pursuing Stakeholder Capitalism Is an Impossible Task When Stakeholders Have Different Beliefs

Marc Painter
Can companies really attempt to benefit all stakeholders, when stakeholders rarely agree on the best course of action? A new study examines Walmart’s 2019...
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Facebook May Be Ordered to Change Data Practices in Europe

ProMarket writers
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Do Jobless Benefits Deter Workers? Some Employers Say Yes. Studies Don’t.

ProMarket writers
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What Stakeholder Capitalism Can Learn From Milton Friedman

Alex Edmans
Instead of ridiculing the Friedman doctrine and proclaiming its death, advocates of stakeholder capitalism and responsible investing, like me, can learn a lot from...
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Coronavirus Tests Are Supposed to Be Free. The Surprise Bills Come Anyway.

ProMarket writers
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Trump’s Latest Attack on Section 230 Is Really About Censoring Speech

ProMarket writers
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Biden Stiff-Arming Big Tech Would Be Good Politics, Policy

ProMarket writers
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US Companies Defy Trump’s Demands to Leave China

ProMarket writers

The Illusory Promise of “Stakeholderism”: Why Embracing Stakeholder Governance Would Fail Stakeholders

Lucian Bebchuk
Stakeholderism—granting corporate leaders discretion to give weight to the interest of all stakeholders—should not be expected to deliver its purported benefits to stakeholders. Furthermore,...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.