Abstract
This paper shows the major points of Dr. Michael Novak. He pointed out the origins of the corporation and how it was modified by the American corporations. The changes made an impact that was detrimental to the civil society yet very attractive to private individuals. He also defined various concepts relative to corporation. These include social democracy, stakeholders, among others.
Introduction: How a Corporation Emerged
Dr. Michael Novak makes a historical development of the concept of a corporation. He wants to show that a corporation was inherently and originally formed with the utmost interest of the people. It used to serve a very defined and noble purpose – for ...
