Question

In light of the implicit theme of social responsibility laid out in Keynes’ “Economic Possibilities for Our Grandchildren,” compare and contrast Aaron Director’s understanding of the economy and society in his article on technocracy with his understanding in the 1950s (you can accept the conclusions of the Antitrust Project as representative of Director’s views at this time).

Answer 1

corporate social responsibility (CSR) and corporate social investment (CSI) have become terms that are used to examine some activities of businesses. With globalization pressures and increasing burdens on governments to provide comprehensive social services, the microscope has been trained on how firms play their part in sharing this burden. Views vary from those who believe that CSR and CSI are a distraction from profit maximization to those who argue that participation in such activities contributes to positive social transformation, while benefiting participating firms themselves. In this article, the author seeks to organize these debates within particular theoretical frameworks, positing CSR and CSI, together with the Socially Responsible Investment Index that has been used to evaluate corporate behavior.as a novel way of addressing pressing development problems.