Market for Virtue: The Potential and Limits of Corporate Social Responsibility / Edition 1

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In the highly praised The Market for Virtue, David Vogel presents a clear, balanced analysis of the contemporary corporate social responsibility (CSR) movement in the United States and Europe. In this updated paperback edition, Vogel discusses recent CSR initiatives and responds to new developments in the CSR debate. He asserts that while the movement has achieved success in improving some labor, human rights, and environmental practices in developing countries, there are limits to improving corporate conduct without more extensive and effective government regulation. Put simply, Vogel believes that there is a market for virtue, but it is limited by the substantial costs of socially responsible business behavior.
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Editorial Reviews

Perspectives on Politics
"Vogel's argument is a rebuke to those who want fat profits and easy consciences, too. His analysis is particularly sharp at questioning conventional assumptions."
Simon London
"In a world filled with hot air on the subject, it is refreshing to find such a clear-and concise-assessment of CSR's pros and cons."
Financial Times
Steven Pearlstein
"For my money, the clearest thinking on the subject [of CSR] is found in a new book by David Vogel. He finds that good corporate citizenship is neither necessary nor sufficient for business success."
The Washington Post
Robert N. Stavins
"David Vogel brings a refreshing breath of fresh air and objective reporting to a polarized debate. For those who are not already familiar with CSR debates, this book provides a superb introduction, with abundant references to the claims and hypotheses of the advocates, empirical data with which those claims and hypotheses can be tested, and statistical evidence and case studies. . . . Vogel has made an important contribution and has advanced scholarship in this realm with his book."
Environment, April 2006
From the Publisher

"David Vogel has written a valuable analysis and summary of the massive literature on corporate social responsibility (CSR)." —William A. Niskanen, Cato Institute, Regulation

" The Market for Virtue ought to be required reading for anybody who cares about making corporations more responsible" — The Corporate Reform Weekly, 1/23/2006

" The Market for Virtue offers a concise and engaging portrait of how corporate social responsibility (CSR) works in practice and why." —Isaac Post, AFF's Brainwash, 5/21/2006

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Product Details

  • ISBN-13: 9780815790778
  • Publisher: Brookings Institution Press
  • Publication date: 8/28/2006
  • Edition description: REV
  • Edition number: 1
  • Pages: 230
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.80 (d)

Meet the Author

David Vogel is the Solomon Lee Professor of Business Ethics at the Haas School of Business and professor of political science at the University of California, Berkeley. His books include Barriers or Benefits? Regulation in Transatlantic Trade (Brookings, 1998); Kindred Strangers: The Uneasy Relationship between Politics and Business (Princeton, 1996); and Trading Up: Consumer and Environmental Regulation in a Global Economy (Harvard, 1995).

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Table of Contents

Preface to the Paperback Edition
Preface to the First Edition
1 The Revival of Corporate Social Responsibility 1
2 Is There a Business Case for Virtue? 16
3 What Is the Demand for Virtue? 46
4 Corporate Responsibility for Working Conditions in Developing Countries 75
5 Corporate Responsibility for the Environment 110
6 Corporate Responsibility for Human Rights and Global Corporate Citizenship 139
7 Beyond the Market for Virtue 162
Notes 175
Index 207
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