An Austrian Take on ESG
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Redalyc
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| Format: | Artículo científico |
| Language: | en |
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Instituto Mises Brasil
2021
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| _version_ | 1876448250140033024 |
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| author | Henrique Schneider |
| author_facet | Henrique Schneider |
| contents | An Austrian Take on ESG Henrique Schneider Multidisciplinarias (Ciencias Sociales) ESG Agency Entrepreneurship Information Asymmetry Socialist Calculation Debate This paper analyzes the contemporary debate about ESG - Environment, Social, Governance - using economic insights from Austrian Economics; particularly, on entrepreneurship, agency, and information asymmetry. These insights contrast to similar concepts in “mainstream” economics, suggesting that the Austrian insight goes beyond them, first by stressing effectiveness in addition to efficiency, institutions, and law-likeliness. When applied to ESG, the Austrian insight portrays it as a special case of the socialist economic calculation debate causing misalignments between inter- and intrafirm goals and agency problems, besides suffering from severe flaws in its conceptualization methodology. Relying on entrepreneurship, however, could make ESG work. Thus, this paper applies Austrian economics to contemporary debates claiming that its insights provide a unique perspective while updating its research program. 2021 artículo científico 2318-0811 https://www.redalyc.org/articulo.oa?id=586370158002 https://www.redalyc.org/journal/5863/586370158002/ https://www.redalyc.org/journal/5863/586370158002/html/ https://www.redalyc.org/journal/5863/586370158002/586370158002.epub https://www.redalyc.org/journal/5863/586370158002/movil 10.30800/mises.2021.v9.1416 en http://www.redalyc.org/revista.oa?id=5863 MISES: Interdisciplinary Journal of Philosophy, Law and Economics application/pdf Instituto Mises Brasil MISES: Interdisciplinary Journal of Philosophy, Law and Economics (Brasil) Vol.9 |
| format | Artículo científico |
| id | redalyc_586370158002 |
| institution | Redalyc |
| language | en |
| publishDate | 2021 |
| publisher | Instituto Mises Brasil |
| spellingShingle | An Austrian Take on ESG Henrique Schneider Multidisciplinarias (Ciencias Sociales) ESG Agency Entrepreneurship Information Asymmetry Socialist Calculation Debate An Austrian Take on ESG Henrique Schneider Multidisciplinarias (Ciencias Sociales) ESG Agency Entrepreneurship Information Asymmetry Socialist Calculation Debate This paper analyzes the contemporary debate about ESG - Environment, Social, Governance - using economic insights from Austrian Economics; particularly, on entrepreneurship, agency, and information asymmetry. These insights contrast to similar concepts in “mainstream” economics, suggesting that the Austrian insight goes beyond them, first by stressing effectiveness in addition to efficiency, institutions, and law-likeliness. When applied to ESG, the Austrian insight portrays it as a special case of the socialist economic calculation debate causing misalignments between inter- and intrafirm goals and agency problems, besides suffering from severe flaws in its conceptualization methodology. Relying on entrepreneurship, however, could make ESG work. Thus, this paper applies Austrian economics to contemporary debates claiming that its insights provide a unique perspective while updating its research program. 2021 artículo científico 2318-0811 https://www.redalyc.org/articulo.oa?id=586370158002 https://www.redalyc.org/journal/5863/586370158002/ https://www.redalyc.org/journal/5863/586370158002/html/ https://www.redalyc.org/journal/5863/586370158002/586370158002.epub https://www.redalyc.org/journal/5863/586370158002/movil 10.30800/mises.2021.v9.1416 en http://www.redalyc.org/revista.oa?id=5863 MISES: Interdisciplinary Journal of Philosophy, Law and Economics application/pdf Instituto Mises Brasil MISES: Interdisciplinary Journal of Philosophy, Law and Economics (Brasil) Vol.9 |
| title | An Austrian Take on ESG |
| topic | Multidisciplinarias (Ciencias Sociales) ESG Agency Entrepreneurship Information Asymmetry Socialist Calculation Debate |
| url | https://www.redalyc.org/articulo.oa?id=586370158002 https://www.redalyc.org/journal/5863/586370158002/ https://www.redalyc.org/journal/5863/586370158002/html/ https://www.redalyc.org/journal/5863/586370158002/586370158002.epub https://www.redalyc.org/journal/5863/586370158002/movil |