Fallacies in the Stakeholding Debate

Research output: Contribution to journalArticlepeer-review


This paper reviews the logic underlying the fashionable stakeholding literature and finds it at variance with received economic theory. It concludes that many stakeholding views are flawed, particularly in regard to the role of profit which is seen as a constraint rather than an objective.
Original languageEnglish
Article number8
Pages (from-to)70
Number of pages75
JournalEconomic Affairs
Issue number4
Publication statusPublished - 1 Dec 1999


  • Stakeholding
  • Anglo-Saxon
  • Profits

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