Still image from Operation Crossroads, U.S. nuclear test at Bikini Atoll, July 25, 1946 (Everett Historical/Shutterstock.com).
What should be the purpose of the for-profit corporation? Debate over this question has ignited yet again, and is the subject of this month's Liberty Forum. George Mocsary's lead essay "The Future of Shareholder Wealth Maximization" argues both that shareholder wealth is the bedrock of corporate law and for the efficacy of shareholder wealth as the norm for corporate activity in that it affords individuals the best possible latitude and security for entering into productive association with one another. Alexei Marcoux has the first response essay "For Shareholder Wealth Maximization, Against Corporate Purpose." Cynthia Williams, co-editor with Peer Zumbansen, of…