In recent years, the interrelationship between ‘free markets’ and morality has become increasingly apparent. Stories of corporate corruption, unethical animal testing and the exploitation of workers in third world countries arise frequently in the media.
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Limits of CSR: mere lyrics versus the current political economy paradigm
When I started to research corporate social responsiblity (CSR) a friend of mine exclaimed: “So you are studying something that does not exist!” My interest did not decrease after that, although I got many skeptical comments from some professors as well. Probably for many, the debt crisis in the Eurozone or the reasons of the financial crisis of 2007-2009 seem to be more up-to-date and crucial topics for research. Why? Because they are all about money – the key issue of the current economic paradigm.