The Michael Shermer Show4 Feb 2023

321. William Magnuson — For Profit: A History of Corporations

Americans have long been skeptical of corporations, and that skepticism has only grown more intense in recent years. Meanwhile, corporations continue to amass wealth and power at a dizzying rate, recklessly pursuing profit while leaving society to sort out the costs.

In For Profit, law professor William Magnuson argues that the story of the corporation didn't have to come to this. Throughout history, he finds, corporations have been purpose-built to benefit the societies that surrounded them. Corporations enabled everything from the construction of ancient Rome's roads and aqueducts to the artistic flourishing of the Renaissance to the rise of the middle class in the twentieth century. By recapturing this original spirit of civic virtue, Magnuson argues, corporations can help craft a society in which all of us — not just shareholders — benefit from the profits of enterprise.

Shermer and Magnuson discuss: corporations and what they are for • LLCs • Roman corporations • medieval economics • banks • guilds • Credit Mobilier scandal • Dutch and British East India Companies • stocks, bonds, joint stock companies • monopolies, duopolies • assembly lines • multinationals • raiders • private equity firms • start-ups • antitrust, trustbusting • bankruptcy • bitcoin, cryptocurrency • Adam Smith's critique of corporations • profit and market efficiency • slavery and economics • unions.

William Magnuson is an associate professor at Texas A&M Law School, where he teaches corporate law. Previously, he taught law at Harvard University. The author of Blockchain Democracy, he has written for the Wall Street Journal, Washington Post, Los Angeles Times, and Bloomberg. He lives in Austin, Texas.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(632)

How to Think Clearly About a World in Crisis: Iran, China, Russia, and the West's Economic Pessimism

Michael Shermer speaks with political scientist Marlene Laruelle about Russia's turbulent transformation during the 1990s and the rise of Vladimir Putin, why the Kremlin so badly misjudged Ukraine, Ch...

18 Jul 1h 4min

The Truth About Sex Differences (Steve Stewart-Williams)

How do men and women differ? Where do the differences come from? And how do they shape modern life? Drawing on a century of research and a billion years of evolution, Steve Stewart-Williams explains w...

11 Jul 55min

America at 250: What Did the Founders Get Right?

Michael Shermer makes the case that the U.S. Founding Fathers were not only steeped in Enlightenment values on which the Declaration of Independence was based, but they were also scientists searching ...

6 Jul 17min

When History Goes on Trial: Demjanjuk, Eichmann, and Justice After Atrocity

John Demjanjuk lived for decades as a retired autoworker in suburban Cleveland. Then investigators accused him of being "Ivan the Terrible," one of the most notorious guards at Treblinka. What followe...

27 Jun 1h 32min

Why I Joined the Government UAP Science Advisory Council

Michael Shermer has been appointed to the newly formed UAP Science Advisory Council, formed at the request of the White House and in coordination with the All-domain Anomaly Resolution Office (AARO), ...

23 Jun 29min

Massimo Pigliucci on Doubt, Moral Courage, and Living Without Illusions

What does it mean to live well when certainty is unavailable? Michael Shermer speaks with Massimo Pigliucci about moral character, ancient philosophy, and the difficult art of making decisions without...

20 Jun 1h 33min

Cathy Young: Why Free Societies Need Free Speech

Cathy Young returns to the show for a wide-ranging conversation about free speech, institutional trust, and the strange incentives shaping public debate today. What happens when universities, media ou...

16 Jun 1h 30min

The Zodiac Killer Wasn't Real

The Zodiac Killer has been treated for decades as America's ultimate unsolved true crime mystery: one mysterious killer, taunting letters, cryptic ciphers, a strange costume, and a trail of victims ac...

13 Jun 1h 39min