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Topic: Business
Number of pages / Number of words: 3 / 815
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The social responsibility of corporations is limited to respecting the natural rights of all individual parties.

Under individualism, knowledge tends to be viewed as fragmented and widely dispersed. Each person is free to choose among systemically produced rewards, punishments, and opportunities arising from other free persons without being subject to the articulated judgments imposed by the state or other collectivities...


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Individualists rely upon the power of historically-evolved, unarticulated social processes such as free markets, tradition, language, values, common law, etc., which are evaluated based on their systemic features such as incentives and methods of interaction. While exhibiting little faith in social processes intentionally designed by any one individual or council, individuals do respect the experience of the ages as embodied in systemic processes...


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