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Contribution Details
| Type | Conference Presentation |
| Scope | Discipline-based scholarship |
| Title | Polanyi reloaded - a historical perspective on the relationship between corporate responsibility and the welfare-state |
| Organization Unit | |
| Authors |
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| Presentation Type | paper |
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Event Title | 11th EURAM conference |
| Event Type | conference |
| Event Location | TAllin, Estonia |
| Event Start Date | June 1 - 2011 |
| Event End Date | June 4 - 2011 |
| Abstract Text | This article argues that in the capitalist system of market economy, businesses contribute to the stabilization of society by way of activities that go beyond their economic engagement in markets. The analysis of the relationship between corporate nonmarket activities – corporate social engagement as well as political activities such as lobbying – and the modern welfare state suggests that both types of nonmarket activities can be conceived as intra-organizational realizations of the contradictory societal principles of economic liberalism and social protectionism. The combination of these varieties of corporate nonmarket activities and their underlying logics (instrumental logic in the case of political activities and prosocial logic in the case of social engagement) within a single framework contributes to the understanding of the dynamics and functions of the multiplicity of corporate activities by going beyond focusing on purely economic explanations. In addition, we emphasize the dangers of an instrumental approach to corporate social engagement. |
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