Changes

The [[word]] "corporation" derives from corpus, the [[Latin]] word for body, or a "body of people."  

The [[word]] "corporation" derives from corpus, the [[Latin]] word for body, or a "body of people."  

*[http://en.wikipedia.org/wiki/15th_century 15th Century]

*[http://en.wikipedia.org/wiki/15th_century 15th Century]

==Definitions==

==Definitions==

*1: a : a [[group]] of merchants or traders united in a trade [[guild]]  

*1: a : a [[group]] of merchants or traders united in a trade [[guild]]  

==Crticism==

==Crticism==

As [http://en.wikipedia.org/wiki/Adam_Smith Adam Smith] pointed out in the [http://en.wikipedia.org/wiki/Wealth_of_Nations Wealth of Nations], when ownership is separated from [[management]] (i.e. the actual production process required to obtain the capital), the latter will [[inevitably]] begin to neglect the interests of the former, creating dysfunction within the company. Some maintain that recent [[events]] in [http://en.wikipedia.org/wiki/Corporate_America corporate America] may serve to reinforce Smith's [[warnings]] about the dangers of legally protected [http://en.wikipedia.org/wiki/Collectivist collectivist] [[hierarchies]]. [http://en.wikipedia.org/wiki/Corporation]

As [http://en.wikipedia.org/wiki/Adam_Smith Adam Smith] pointed out in the [http://en.wikipedia.org/wiki/Wealth_of_Nations Wealth of Nations], when ownership is separated from [[management]] (i.e. the actual production process required to obtain the capital), the latter will [[inevitably]] begin to neglect the interests of the former, creating dysfunction within the company. Some maintain that recent [[events]] in [http://en.wikipedia.org/wiki/Corporate_America corporate America] may serve to reinforce Smith's [[warnings]] about the dangers of legally protected [http://en.wikipedia.org/wiki/Collectivist collectivist] [[hierarchies]]. [http://en.wikipedia.org/wiki/Corporation]

 

[[Category: Law]]

[[Category: Law]]

[[Category: Sociology]]

[[Category: Sociology]]