The Role of the Corporation in Society: The Prescriptive View

Abstract

In this section I shall broadly speaking be exploring three areas relating to the purpose the corporation ought to have in society. First of all I shall consider whether or not the corporate legal form ought to have a role as an instrument of the state. I have so far argued that the corporate legal form descriptively speaking is such an instrument, but I shall look more closely at the libertarian position that maintains through a nexus-of-contracts perspective that it ought not to be used as such an instrument.