The reality is that when businesses respond to market prices and wages in ways that maximize share values they generally promote the welfare of a far larger number of stakeholders than when businesses discount the importance of share values in order to intentionally promote the welfare of stakeholders. Don Boudreaux joins the podcast to discuss the difference between stakeholder capitalism and shareholder capitalism and how they both relate to corporate responsibility.What are the differences between shareholders and stakeholders? See acast.com/privacy for privacy and opt-out information.