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I have never met Lynn Stout.  Of course, just like any person even remotely interested in corporate governance and US corporate law, I know her insightful writings.  But I do not know her personally.  I know for a fact, however, that Lynn Stout is a nice person.  And an excessively nice person she must be.  Her paper on New Thinking on “Shareholder Primacy” talks about the surge of a new paradigm in corporate law.  This is an excessively generous thesis.  For we are not witnessing the takeover of an old science by a new one explaining facts better than the old stuff.  We are witnessing the surge of a scientific analysis of the legal structure of the firm -and of the role of corporations to structure firms- which is replacing an ideology;  not a science. This comment will comment on this ideology and the insightful critique developed by Lynn Stout in her paper.

Science vs. Ideology: A Comment on Lynn Stout's New Thinking on "Shareholder Primacy"