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The article argues for the use of a narrow stakeholder definition. It also adds one group – managers – that generally is not considered as being a stakeholder group. Here it is suggested that control of this stake-holder group holding the executive power should be a central topic for stakeholder theory. The article supports the common idea that the business(More)
This article penetrates the relationship between social behavior and rationality. A critical analysis is made of efforts to classify some behaviors as altruistic, as they simultaneously meet criteria of rationality by not truly being self-destructive. Newcomb's paradox is one attempt to create a hybrid behavior that is both irrational and still meets some(More)
The starting point of this article is the result of one ultimatum game experiment-one of many showing a huge deviation from the predictions of micro theory. However, further analysis gives an explanation of subject behavior that deserves to be seen as rational, if assumptions, such as a total secrecy resulting in no effects on reputation, are questioned.(More)
If the prescriptive "ought" is separated from the factual "is," an intellectual analysis of the real world is by definition without normative value. The naturalistic fallacy thesis -- maintaining that normative and descriptive spheres must remain separated -- is often presented in a weak sense that seems reasonable. However, only in a strong sense -- by(More)
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