Mike did a great job talking about Wal-Mart for GDP last evening. Thanks Mike! Also thanks to Cecil for taking the lead on this and getting the club moving in an interesting direction.
In preparation for the upcoming panel discussion a paper I co-authored with Coelho might be useful background reading as it compares and contrasts alternative approaches to "corporate social responsibility"; the link below should take you to it:
http://web.bsu.edu/jmcclure/SOCIAL%20RESPONSIBILITY.pdf
2 comments:
I should add that Coelho and I co-authored it with John Spry, who was a faculty member here at the time the paper was written. My apologies for not acknowledging him in my post.
I enjoyed this analysis of what indeed a company should be concerned for. A basic understanding of economics should tend to propose that if a company creates wealth, and does it legally, then society will benefit. In this case, there may not be a real "high-cost" of low prices with Wal-Mart... we may have to discern what the world would be like without companies like Wal-Mart that are willing to reinvent how we buy products.
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