For whom does the corporation exist: investors, workers, customers, the community? Economists tend to answer, "investors." That's not to say that workers, customers, and the community aren't important, but rather that the corporation exists to further the interests of the investors. Where the interests of the workers, customers, and community coincide with those of investors, the corporation also cares about those groups. But where their interests conflict with those of investors, the interests of investors take precedence. That's the principle of "shareholder value." The principle of "stakeholder value" holds that the corporation should consider the interests of workers, consumers, and the community even when they conflict with the interests of the investors. Foolishness of the Week: 08:15 Main episode: 12:29 Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com See More Ant and James! http://www.wordsandnumbers.org Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits https://newschannel9.com/news/nation-world/scientists-discover-novel-way-to-destroy-cancer-cells Foolishness of the Week https://www.axios.com/2024/01/11/florida-book-ban-schools-lawsuit Topic of the Week https://youtu.be/O8RpyqauWOQ?si=bFkwzQNP_PTNbtFQ&t=5109 Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig More Ant on YouTube https://www.youtube.com/antonydavies Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan #AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational