Capitalism Beyond Mutuality?
Perspectives Integrating Philosophy and Social Science
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Product details:
- Publisher OUP Oxford
- Date of Publication 24 May 2018
- ISBN 9780198825067
- Binding Hardback
- No. of pages400 pages
- Size 251x196x27 mm
- Weight 935 g
- Language English 0
Categories
Short description:
Trust in business is declining because business has focused too much on performance and too little on progress. From climate change to unfair compensation and technology-related fears, our list of concerns is large and growing. This book explores how economic actors might evolve their paradigms, preferences, and practices.
MoreLong description:
Our quest for prosperity has produced great output but not always great outcomes. The growing list of concerns includes climate and natural capital, abuse of wealth and market power, economic insecurity, gender bias and disparity, competitive and immoderate consumption, and unhealthful lifestyles. Fundamentally, when it comes to well-being, fairness, and the scope of our humanity, the modern economic system still leaves much to be desired. In turn, trust in business and the liberal market system (a.k.a. "capitalism") has been declining and regulation has been rising.
Thankfully, a variety of forces-civic, economic, and intellectual-have been probing for better alternatives. The contributions in this volume, coauthored by eminent philosophers, social scientists, and thoughtful business leaders, are submitted in this spirit.
Mutuality, or the exchange of benefits, has been established as the prime principle of action and inter-action in addressing the chronic dilemma of human interdependence. Mutuality is a fundament in the social contract approach and it continues to serve us well. But, to address more robustly the concerns outlined above, we need to conceive a cultural economic system that is anchored on more than mutuality. In particular, we must help evolve an economic paradigm where mutuality is more systematically complemented by reasoned and elective morality. Otherwise the design of the state as protector and buffer between the market and society will remain the central (if inadequate) remedy.
The essays in this volume integrate philosophy and social science to outline and explore concrete approaches to these important concerns emanating from business practice and theory.
Table of Contents:
Introduction: Capitalism Beyond Mutuality?
PART I :THE PARADIGM PROBLEM
Creation and Claims of a "World Society"
A Dialog Between Business and Philosophy
Decision Processes and Value Endogeneity
The Forest of Reasons
Intergenerational Equity and Responsibility for Future Generations
PART II: THE AGENCY PROBLEM
Our Obligation to Future Generations
As You Like It: Work, Life, and Satisfaction
Purpose Driven Business for Sustainable Performance and Progress
Behind Every Great Fortune is an Equally Great Crime
Taming Platform Capitalism to Meet Human Needs
PART III: THE EFFECTIVENESS PROBLEM
Corporations in the Economy of Esteem
New Prospects for Organizational Democracy
Philanthropy and Income Inequality
Elizabeth Anderson, Ing-Haw Cheng, and Harrison Hong
The Government's Catalytic Role in Driving Societal Progress
