
The World Is Encountering Multiple Crises - Climate, Droughts, Floods, Energy, Food, And Pandemics. This Book Is About How Capitalism Can Fix Them - How It Can Solve Not Cause Them. The Reason Why It Has Caused Them Is That We Have Misconceived The Nature Of Our Capitalist System. We Have Failed To Understand The Key Institution At The Heart Of It - Business - And As A Result We Have Allowed It To Cause As Well As Solve Problems. This Book Describes Why This Has Happened And What Needs To Change To Address It. It Will Demonstrate That At The Core Of The Problem Is The Key Driver Of Capitalism And That Is Profit - The Way In Which We Resource And Reward Those Who Run The System. Currently, Profit Comes From Causing As Well As Solving Problems. It Must Not, If We Are To Prevent The Problems. At The Centre Of The Book Is The Notion Of Organizations As Existing To Solve Problems, Not Cause Them, And The Way In Which They Should Be Designed, Owned, Governed, Measured, And Incentivized To Do That. The Book Discusses How Financial Institutions Should Contribute To This, And How The Public Sector Can Work With The Private On A Common Purpose Of Solving Problems And Creating Shared Prosperity-- Provided By Publisher.
The core question investigated is how the fundamental structure of capitalism can be redesigned to solve, rather than exacerbate, global crises such as climate change, resource scarcity, and pandemics. Colin Mayer, a professor at the Saïd Business School at the University of Oxford, utilizes his extensive background in corporate governance and financial regulation to argue that the current definition of profit is flawed. He posits that businesses are currently incentivized to profit from the creation of societal problems, and he proposes a framework for redesigning organizational ownership, governance, and measurement to align corporate purpose with the resolution of these issues.
What You Will Find
Scope Limits
Experts in the field of corporate governance recognize this work as a significant contribution to the debate on stakeholder capitalism and the purpose of the firm. Readers frequently note the accessibility of the prose despite the complex economic and institutional arguments presented throughout the text.
Page Count:
0
Publication Date:
2024-01-01
Publisher:
New York : Oxford University Press,
ISBN-10:
0191994928
ISBN-13:
9780191994920
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