Corporate Social Responsibility: Towards a New Market-Embedded Morality?
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Ronen Shamir
Recent years have seen abundant literature, in law and the social sciences, addressing the significance of "soft law," "self-regulation," and "private law-making" and analyzing the potential implications of "governance" in general for the trajectory of law. This Article is grounded in and oriented towards this broad theoretical and conceptual terrain by pointing at empirical phenomena that mark a shift towards market-embedded forms of social regulation. I specifically discuss the Equator Principles, a self-regulatory blueprint for overseeing the social and environmental performance of project-finance initiatives. I argue for an understanding of the process in terms of a general moralization of markets, in and of itself a product of neo-liberal conceptions of governance. I posit that one implication of this process is that socially-oriented norm-making and norm-enforcement merge with the instrumental and utilitarian logic of markets.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Articles in the same Issue
- Article
- Introduction
- The Pluralization of Regulation
- Corporate Social Responsibility: Towards a New Market-Embedded Morality?
- Beyond Relativism: Where Is Political Power in Legal Pluralism?
- State, Society and the Relations Between Them: Implications for the Study of Legal Pluralism
- Eugen Ehrlich, Living Law, and Plural Legalities
- Nomos Without Narrative
- Privatizing the Adjudication of Disputes
- The Depoliticization of Law
- Liberalism and Religion: Against Congruence
- Privatizing Diversity: A Cautionary Tale from Religious Arbitration in Family Law
- From "Honor" to "Dignity": How Should a Liberal State Treat Non-Liberal Cultural Groups?
- Annual Cegla Lecture on Legal Theory
- The Perils of Minimalism
Articles in the same Issue
- Article
- Introduction
- The Pluralization of Regulation
- Corporate Social Responsibility: Towards a New Market-Embedded Morality?
- Beyond Relativism: Where Is Political Power in Legal Pluralism?
- State, Society and the Relations Between Them: Implications for the Study of Legal Pluralism
- Eugen Ehrlich, Living Law, and Plural Legalities
- Nomos Without Narrative
- Privatizing the Adjudication of Disputes
- The Depoliticization of Law
- Liberalism and Religion: Against Congruence
- Privatizing Diversity: A Cautionary Tale from Religious Arbitration in Family Law
- From "Honor" to "Dignity": How Should a Liberal State Treat Non-Liberal Cultural Groups?
- Annual Cegla Lecture on Legal Theory
- The Perils of Minimalism
