Corporations

1 The corporation is a central form of modern social organization that rivals states in economic significance, bureaucratic performance, governance capacity, and impact on social and cultural life (Baars and Spicer). The corporate form is a feature of all contemporary varieties of capitalism and constitutionalism. Yet, there remain considerable differences and difficulties of comparison that begin with the very definition of the concept. At a minimum, a corporation designates an entity that is legally separate from its members and the state, enjoys its own...