How To Think About Corporations

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What is a corporation? We take them for granted as fixtures of our economic life, and sometimes single them out for fervent praise or blame, but rarely pause to consider what these strange creatures are. How did they arise? What are their moral and legal rights and responsibilities? In this penetrating paper, economic historian Kyle Williams traces their early development, rival understandings of their purpose and legal status, and how they ought to contribute to our economic and social life.

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