Book contents
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- 3 Semantics and the Wealth of Nations
- 4 Wealth Includes Natural, Economic, Human and Social Capital
- 5 Wealth Is a Combination of Private and Public Wealth
- 6 Wealth Creation Is about Producing and Distributing Wealth
- 7 Creating Wealth Involves Material and Spiritual Aspects
- 8 Creating Sustainable Wealth in Terms of Human Capabilities
- 9 Creating Means Making Something New and Better
- 10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- Bibliography
- Index of Names
- Index of Subjects
8 - Creating Sustainable Wealth in Terms of Human Capabilities
from Part I - Wealth Creation
Published online by Cambridge University Press: 11 January 2021
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- 3 Semantics and the Wealth of Nations
- 4 Wealth Includes Natural, Economic, Human and Social Capital
- 5 Wealth Is a Combination of Private and Public Wealth
- 6 Wealth Creation Is about Producing and Distributing Wealth
- 7 Creating Wealth Involves Material and Spiritual Aspects
- 8 Creating Sustainable Wealth in Terms of Human Capabilities
- 9 Creating Means Making Something New and Better
- 10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- Bibliography
- Index of Names
- Index of Subjects
Summary
The concept of sustainability explained in Chapter 2 is further developed in terms of human capabilities proposed by Amartya Sen and Martha Nussbaum. Human capabilities are defined as “real freedoms that people have reasons to value.” Some of these capabilities may be quite elementary, such as being adequately nourished and escaping premature mortality, while others are more complex, such as having the literacy required to participate actively in political life. In contrast to utility-based and resource-based approaches (that is, utilitarianism and Rawls’s theory of justice, respectively), human capabilities provide a robust informational basis for interpersonal comparisons that is necessary to reduce injustices and advance good societies. They are relevant for all types of capital (natural, economic, human and social) as well as for private and public goods and wealth.
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- Publisher: Cambridge University PressPrint publication year: 2021