Economists vs Ecologists
Dec 14th, 2010 by ckyw88
I was just studying for a final for one of my courses…
Specifically, I was studying the topic of “CSR” or other wise known as corporate social responsibility.
For me, CSR has always had a positive connotation. Companies would go out and make large donations, or start up foundations for disabled youths, and have special fund raisers to help clean oil spills, etc. I also knew that most if not all companies pursuing CSR ultimately do so to increase their bottom line. Somewhere down the road, they’re hoping that their good deeds will stick in the mind of the consumers and give them brownie points in forms of “good will”.
I noticed when I was studying this topic that many economists said that CSR is at times illegal, unethical, immoral, etc. They also say that CSR is addressing an issue that isn’t even there to begin with. In other words, activities engaging in Corporate Social Responsibility is economically inefficient.
I just thought that was interesting =D … It is economically inefficient to do good for the earth… I’ll keep that one in mind 😉