An Approach from the Austrian School to CSR (Corporate Social Responsibility)

Due to the changes occurred in the environment of organizations, such as the globalization of markets, the increase in social impact, the contribution to the development of communities, in which companies participate through practices and actions that allow economic enrichment, social welfare, and the protection and promotion of the environment, these have seen the need to incorporate new CSR practices. To achieve this, the conceptual differences on CSR between conventional theories and the thinking of the Austrian school of thought must be identified. This document considered some theoretical meanings of praxeology, corporate responsibility, CSR, and human action, in order to determine an approach for interpreting CSR from praxeology.