For my first post, I would like to underscore one of the closing propositions advanced by Lyman Johnson in "Re-Enchanting Corporate Law"
"Recognizing that [religious] faith and beliefs can affect economic behavior seems important whether one seeks simply to understand the corporation or also seeks to reform its conduct in some manner."
This proposition represents the theme of three recent sessions of the Annual Meeting of the Section on Socio-Economics of the Association of American Law Schools (AALS). The latest session title and description is set forth below:
Session Title: Socio-Economics and Faith in a Higher Power
Socio-economics recognizes (1) that faith in a higher power affects economic behavior and (2) an understanding of how faith affects economic behavior will enhance one’s ability to address law-related economic issues. Yet much economic analysis of law proceeds without an explicit recognition of the impact of faith on economic behavior. This panel continues a socio-economic inquiry that began during the 2007 annual meeting.
The recognition that faith in affects economic behavior carries with it the recognition that faith also affects the understanding of wealth maximization whether it be for the corporation, the shareholders, other stakeholders and/or society. To the extent that wealth-production and wealth maximization are central to the nature of the corporation, religious faith and beliefs also affect the nature of the corporation and the duties of its agents.
The AALS Section on Socio-Economics can provide an important forum for developing the themes expored in this partidipatory discussion on "Faith and Corporate Law."
Plans are under way to continue the exploration of this subject at the 2010 Annual Meeting of the AALS Section on Socio-Economics which will be held on Thursday, January 7, 2010. People interested in this program should let me know.
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