Corporate Responsibility for Wealth Creation and Human Rights

Cover
Reviews
Half-title
Title page
Copyright information
Dedication
Contents
List of Figures, Tables and Boxes
	Figures
	Tables
	Boxes
Preface
Acknowledgments
1 Introduction and Overview
	Seven Features of Wealth Creation
	Human Rights as Public Goods in Wealth Creation
	Implications for Corporate Responsibility
	Notes
2 The Context of Globalization, Sustainability and Financialization
	Globalization
		Significance for Wealth Creation
		Significance for Human Rights
	Sustainability
	Financialization
	Notes
Part I Wealth Creation: The Purpose of Business and the Economy
	The Purpose of Business and the Economy
	3 Semantics and the Wealth of Nations
		A Brief Semantic Exploration
		What Makes a Country Rich? Focusing on the Wealth of Nations
		Notes
	4 Wealth Includes Natural, Economic, Human and Social Capital
		Wealth Includes Natural, Economic, Human and Social Capital
		Notes
	5 Wealth Is a Combination of Private and Public Wealth
		Notes
	6 Wealth Creation Is about Producing and Distributing Wealth
		Thomas Piketty: Capital in the Twenty-First Century
		Joseph Stiglitz: The Price of Inequality
		Richard Wilkinson and Kate Pickett: The Spirit Level
		Notes
	7 Creating Wealth Involves Material and Spiritual Aspects
		Illustrations of Wealth Creation with Spiritual Aspects
		Conceptual Clarifications
		Notes
	8 Creating Sustainable Wealth in Terms of Human Capabilities
		Critique of Utility-Based and Resource-Based Approaches
		Essential Elements of the Capability Approach
		Limitations of the Capability Approach
		Concluding Remark
	9 Creating Means Making Something New and Better
		Conceptual, Theoretical and Methodological Clarifications
		Systemic Changes for Ethical Innovations
		Notes
	10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
		Key Role of Motivation in Any Economic Activity
		Self-Interest Fails to Create Public Wealth
		Other-Regarding Motivations Are Indispensable for Creating Public Wealth
		Notes
Part II Human Rights as Public Goods in Wealth Creation
	Introduction
	11 All Internationally Recognized Human Rights Are at Stake
	12 Human Rights Constitute Minimal Ethical Requirements
		The Moral Reality of Human Rights
		Human Rights Also Exist Today as Explicitly Recognized Norms of Popular Morality, Political Practice and Legal Institutions throughout the World
		Three Types of Obligations to Secure Human Rights
		Gewirth\'s Approach to Justifying Human Rights
		Human Rights Related to Sen\'s Capability Approach
		Human Rights as Minimal Ethical Requirements in the Context of Morality and Ethics
		Notes
	13 Cost-Benefit Considerations about Human Rights as Goals, Means and Constraints
		Multiple Approaches of Cost-Benefit Analysis
		A General CBA Approach to Human Rights with Limited Additional Requirements
		Notes
	14 Human Rights as Public Goods
		Why Public Goods and Global Public Goods?
		Identifying Human Rights as Public Goods
		Human Rights as Final and Intermediate Goods
		Need for Collective Actors and Other-Regarding Motivations
		Notes
Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
	15 The Ethics of Business Organizations Is Called Corporate Responsibility
		Focusing on the Ethics of Business Organizations
		Responsibility: A Key Concept in Contemporary Ethical Thinking
		Corporate Responsibility in the UN Framework and Guiding Principles on Business and Human Rights and Some Ethical Explications
			Introduction
			Basic Assumptions in the UN Framework for Business and Human Rights
			Ethical Obligations of Securing Human Rights
				Subjects of Obligations
				Types of Obligations
				Criteria of Assigning Obligations
		Determining Corporate Responsibility for Human Rights
		Notes
	16 The Moral Status of the Business Organization
		Significance of Business Organizations as Nonstate Actors
		A Historic Perspective on Corporate Responsibility
		What Concepts of Business Organizations Are Compatible with Moral Actors?
		Necessary Conditions for Moral Agency of Business Organizations
		Notes
	17 Mapping Corporate Responsibilities
		Corporate Responsibilities for Creating Natural, Economic, Human and Social Capital
		Corporate Responsibilities for Creating Private and Public Wealth
		Further Corporate Responsibilities for Creating Wealth in a Comprehensive Sense
		Corporate Responsibilities for Respecting Human Rights
		Addressees of Corporate Responsibility
		Notes
	18 Corporate Governance for Wealth Creation and Human Rights
		A Brief Overview of Different Conceptions of Corporate Governance
		Contributions to a New Perspective of Corporate Governance
		Dealing with Trade-offs
		Notes
	19 A Case in Point: Corporate Responsibility for Less Income Inequality
		Introduction
		Corporate Responsibility for Less Income Inequality in Business Organizations
			Corporate Responsibility for Paying at Least Living Wages
			Corporate Responsibility for Ethically Acceptable Top Incomes
		Corporate Responsibility for Less Income Inequality in Society
			Setting a Credible Example and Supporting Initiatives in Society to Reduce Income Inequality
		Conclusion
		Notes
	20 A Case in Point: How Can Universities Promote Corporate Responsibility in Their Supply Chains? The Experience of the University of Notre Dame
		Introduction: Setting the Stage
			The Experience of the University of Notre Dame: In Search of the Right Policy
			The Enthusiastic Beginning and Its Failed Outcome
			A Pilot Project on Worker Participation with Verité
			Expanding the Assessment Process to a Broader Scale
			Recommendations for Notre Dame\'s Policy of Promoting Corporate Responsibility in Its Supply Chains of Notre Dame Licensed Products
				Reflections on and beyond the Notre Dame Experience
			Suggestions to Other Universities
			Research Opportunities
		Conclusion
		Notes
Epilogue
Bibliography
Index of Names
Index of Subjects