The objective of this chapter is to show that the focus of modern corporate law theory on the concerns of shareholders is historically and geographically contingent. In doing so, it traces shareholder-stakeholder debates through the 20th century. The most obvious example is the simple...

The roots of law & economics lie in late 19th century continental Europe. However, this early movement did not persist, having been cut off in the 1930s. After World War II, modern law & economics was (re-)invented in the United States and subsequently grew into a major field of research at U.S....

Intergenerational Responsibility has many faces. Childhood income dynamics and elderly wealth privilege, intergenerational social stratification, intergenerational dependence, age-sensitive responses to exogenous shocks, climate justice and climate induced migration, sustainable development as...

The maintenance of a favorable climate accounts for the most challenging contemporary global governance predicament that seems to pit today's generation against future world inhabitants. In a trade-off of economic growth versus sustainability, a broad-based international coalition could...

Investments account for future prospects. Long-term investment are based on discounting future anticipations. Socially Responsible Investments (SRIs) were historically focused on long-term considerations. Long-term investment holds socio-psychological and leadership advantages, such as altruism...

Social Representations describe the genesis of collective ideas, social norms and general moods. By capturing social perceptions of socio-economic change in times of crises, social representations allow predictions about future behavior of social masses during economic upheaval. The social...

The classic principal-agent problem in political science and economics describes agency dilemmas or problems when one person, the agent, is put in a situation to make decisions on behalf of another entity, the principal. A dilemma occurs in situations when individual profit maximization or...

Behavioral Finance is one of the most novel developments in Behavioral Economics. Since the end of the 1970ies a wide range of psychological, economic and sociological laboratory and field experiments proved human beings deviating from rational choices and standard neo-classical profit...