Marcoux thinks that the idea of corporate social responsibility is

Alexei Marcoux Thinks That the Idea of Corporate Social Responsibility is Worthwhile

Alexei Marcoux is an economist by training and a philosopher by heart. He has a PhD in applied philosophy from Bowling Green State University and is currently a senior scholar at the Institute for Economic Inquiry in Washington DC. His interests include the microeconomics of business, entrepreneurship and philosophy. Among the many things he enjoys are craft cocktails, motorcycles and curling. Besides that, he believes that a worthwhile education should be available to all. Hopefully, the next generation of scholars will be inspired to pursue their dreams.

For instance, if you have been following the recent news about the death of Amazon CEO Jeff Bezos, you have probably heard of the aforementioned CEO's socially responsible deeds. While these are commendable, there are more pressing matters to tackle in the name of a sustainable economy, such as improving the health of its workers, reducing the impact of environmental factors and lowering the unemployment rate. Similarly, the government should impose regulations on its competitors, rather than simply ignoring them.

Considering this, it is no surprise that the best business model is the one that has a well-designed plan to avoid duplication of efforts and a commitment to a fair and competitive salary and benefit package. This model will also provide a higher quality of life for its employees. Likewise, a well-planned supply chain will ensure a smooth transition from raw material to finished product and back again, resulting in happier customers and a saner company to boot.