Critical thinking about "corporate social responsibility" (CSR) is needed, because there are few topics where discussions feature greater ratios of heat to light. With this in mind, two of my Harvard colleagues -- law professor Bruce Hay and business school professor Richard Vietor -- and I co-edited a book, Environmental Protection and the Social Responsibility of Firms: Perspectives from Law, Economics, and Business.
At issue is the appropriate role of business with regard to environmental protection. Everyone agrees...
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