Class Notes (922,648)
CA (542,911)
UTSC (32,953)
Sociology (2,442)
SOCB58H3 (24)
Lecture

Lecture 3

4 Pages
95 Views

Department
Sociology
Course Code
SOCB58H3
Professor
Emily Fountas

This preview shows page 1. Sign up to view the full 4 pages of the document.
SOCB58: LECTURE 3: JANUARY 28, 2011
Critiquing
Understanding of a topic
Offers elaboration of an article
Milton Friedman (from article)
Business men believe that free enterprise social consciencesocialism
1.Social ends vs. socialism
Artificial person vague sense
2. Person has responsibilities * (contradiction)
Under the law the corporation is a legal person, that isnt actually a
person but acts as a legal person
Persons have life, liberty, and pleasure in the pursuit of happiness
I shall mostly neglect…corporate executives
3. Owners ignored, executives privileged
Not legally entitled to maximize profits for shareholders
People we should support are the executives vs. the owners
Power is flowing from owners to the executives
Executives have less power and take orders from the owners and
therefore should not be blamed
Contractual arrangement clearly defined
The corporate executiverefuse to work as…
4.Principle vs. agent
Executive is always free to leave but its not practical. They already
have high paying wages.
Principle: you are first, no responsibilities either morally or legally to
anything else
www.notesolution.com

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
SOCB58: LECTURE 3: JANUARY 28, 2011 Critiquing Understanding of a topic Offers elaboration of an article Milton Friedman (from article) Business men believe that free enterprise social consciencesocialism 1. Social ends vs. socialism Artificial person vague sense 2. Person has responsibilities * (contradiction) Under the law the corporation is a legal person, that isnt actually a person but acts as a legal person Persons have life, liberty, and pleasure in the pursuit of happiness I shall mostly neglectcorporate executives 3. Owners ignored, executives privileged Not legally entitled to maximize profits for shareholders People we should support are the executives vs. the owners Power is flowing from owners to the executives Executives have less power and take orders from the owners and therefore should not be blamed Contractual arrangement clearly defined The corporate executiverefuse to work as 4. Principle vs. agent Executive is always free to leave but its not practical. They already have high paying wages. Principle: you are first, no responsibilities either morally or legally to anything else www.notesolution.com
More Less
Unlock Document


Only page 1 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit