Reason and Authority
Published online by Cambridge University Press: 13 August 2026
The conclusion synthesizes the book's argument and reflects on its implications for law, business, and democratic governance. It reiterates the central claim that corporate decisions now shape public life before law can respond. In this environment, the quality of corporate decision-making becomes a matter of public concern.
The conclusion explains why corporate ordering cannot replace democratic institutions. Corporations lack electoral legitimacy and cannot resolve value conflict. Yet as long as they exercise power, their internal governance structures matter.
The chapter emphasizes a shift from outcome-based debates to process-based evaluation. Rather than asking whether corporations pursue the correct goals, the focus should be on whether they deliberate responsibly under conditions of disagreement.
The conclusion calls for scholars and policymakers to study corporate governance as a site of norm creation. It highlights transparency, institutional design, and monitoring as emerging foundations of accountability.
The book closes by framing corporate ordering as neither celebration nor condemnation. It is a descriptive and normative account of how power is exercised in a world where consensus is rare and delay is costly.
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