Prof. David Silver of the University of British Columbia discusses key ideas from his newly released book, “Corporations and Persons: A Theory of the Firm in Democratic Society.”

The book argues that corporations are moral persons with duties toward democratic society. It proposes a persons-based theory of the firm, which sees the creation of products and services that benefit people as its core purpose, distinct from profit-maximization views. It emphasizes that corporations’ rights and duties should be shaped democratically, that societies can structure firms to serve justice, and that the corporate–society relationship must evolve from dysfunction to mutual respect to protect democratic values.

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Rethinking Corporations: Prof. David Silver on Morality and Democracy in Business

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