Integrating economics, sociology, philosophy, and psychology, the book investigates contemporary corporate issues through cases and materials that situate the corporation in its social and political setting. The notes and questions are designed to provoke thought not only on legal issues and the relationship between cases and theories, but also on the effect corporations have on their constituents, communities, and society. Additionally, the chapter devoted to the corporation's place in modern society covers both traditional issues, such as proxy regulation and shareholder inspection rights, as well as more novel ones such as the political position of large corporations and the problem of plant closings. The sixth edition has been updated with new cases and new material on derivative suits, hostile takeovers, and the concentration of control.