Defenders of the narrow view of corporate social responsibility argue that internalizing external costs and assigning property rights to unowned goods, such as wild species, are appropriate responses to market failures.

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Defenders of the narrow view of corporate social responsibility (CSR) focus on the primary goal of businesses to maximize shareholder value. They argue that addressing market failures, such as externalities (external costs) and the tragedy of the commons (e.g., overuse of unowned goods like wild species), can be achieved through mechanisms like internalizing external costs and assigning property rights. This approach aligns with the belief that businesses, by operating efficiently and profitably within the framework of the market, indirectly contribute to societal welfare by correcting market failures without deviating from their core objective of profit maximization.

Defenders of the Narrow View of Corporate Social Responsibility Argue