Sociology Notes March 1st

Sociology Notes March 1st - extend 14 th amendment to...

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03/01/10 Sociology Notes Corporation economic self interest o $$$ owned by share-holders o transferable shares limited liability* social interests are secondary legal institution*/legal personhood Role of Government in shaping institution grant charter allow unlimited life-span o unlimited geographic scope regulations o limit what corporations can do in pursuit of profit regulate size o anti-trust law governments serve customers regulates private property
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Unformatted text preview: extend 14 th amendment to corporations enforce laws with fines o small fines encourage law-breaking 03/01/10 o large fines (large than central profit) discourage law-breaking S EC regulates capital & trading tax laws and labor laws revoke charter Externalities Definition: any action that imposes a cost on someone other than the person engaging in the action. All pollution Sweat shops and child labor...
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Sociology Notes March 1st - extend 14 th amendment to...

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