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PREDATORY CAPITALISM, PRAGMATISM, AND LEGAL POSITIVISM IN THE AIRLINES INDUSTRY
Author(s) -
HINTHORNE TOM
Publication year - 1996
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/(sici)1097-0266(199604)17:4<251::aid-smj805>3.0.co;2-5
Subject(s) - pragmatism , capitalism , situational ethics , positivism , power (physics) , business , law and economics , industrial organization , economics , market economy , law , political science , politics , epistemology , philosophy , physics , quantum mechanics
Abstract This paper examines three of the primary structures of thought and some of the situational circumstances that enable and constrain the actions of corporate leaders in the airlines industry. It argues that lawyers and corporate leaders who understand the law and the structures of power in America have a unique capacity to protect and enhance share‐owner wealth. Three examples are used to propose a model of force relations in complex, high‐stakes situations.