For most economists Corporate Social Responsibility (CSR) is
seen as a tool-box containing useful instruments for enhancing the corporate
profitability. By and large, the “business case for CSR” dominates the
understanding of CSR especially among economists. However, from
a philosophical perspective, such view seems to be quite questionable, since it is
based on at least three myths: First of all, the assumption that morality always
pays off is neither realistic nor in line with ethical demands. Secondly, the idea
that CSR-success can be measured in a form of corporate social performance
seems to be problematic. And last but not least, the idea that corporations can
learn from best practice raises fundamental questions since it remains unclear
what best practice means in the context of CSR.