Traditional literature regarding “corporate governance” finds the “tension between ownership and management” (as it was shaped by the agency theory) to be a node in the logic of what should be the answer to the question “how the structure of the corporation property can be designated...

The fallibility of the “efficiency” concept as developed by the neoclassical economists (in a non-personal and non-subjective perspective) laid the foundations for an allegedly objective and value-free – but, de facto, a meaningless, nonrealistic and arbitrary – perspective on...