Performance and Progress
Essays on Capitalism, Business, and Society
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Product details:
- Publisher OUP Oxford
- Date of Publication 20 August 2015
- ISBN 9780198744283
- Binding Hardback
- No. of pages528 pages
- Size 253x190x35 mm
- Weight 1003 g
- Language English 0
Categories
Short description:
The prevailing aspiration of business is performance, while that of society is progress. Capitalism, both the paradigm and practice, sits at the intersection of these dual aspirations, and the essays in this volume, written by some of the worlds leading economists, philosophers and business academics, explore the tensions between them.
MoreLong description:
The prevailing aspiration of business is performance, while that of society is progress. Capitalism, both the paradigm and practice, sits at the intersection of these dual aspirations, and the essays in this volume explore its fraught status there.
Contributions to this volume address questions such as (i) what's the problem with capitalism?; (ii) is the problem just with the practice or with the very paradigm?; (iii) what is progress and who is responsible for it?; (iv) what evolution is required at the individual, system, and paradigm level so that enterprises and the executives who lead them may better integrate performance with progress?; and (v) whither consumers, employees, and investors in this evolution?
The book offers perspectives from two distinct intellectual domains-social science and philosophy. Scholars in social science (including economics, management, and sociology) tend to study performance. Ideas of progress, on the other hand, tend to fall more under the purview of philosophers (in particular social and political philosophers). Further, to obtain an insider's view on practice and possibilities, the volume includes essays from a handful of thoughtful business leaders.
Research should consider not just how to make sustainability profitable, but also how to make profitability and the modern economic system sustainable. If we are to better comprehend why the world is in protest, to reflect on progress or dilemmas of trust, we must appreciate the tenuous assumptions of modern microeconomics and markets, and hear from modern philosophers about the basis and limits of rationality.
The volume is ambitious... the list of authors reads like a who's who of the debate about capitalism and economic justice.A rich and inspiring read that is likely to offer food for thought even for readers well familiar with the volume's themes.
Table of Contents:
Introduction
Part I Problem
What's Wrong with Capitalism?
Do The Mistakes Lie In Decision Makers Or In Economics?
Some Failures Of The Economy
Toward a Philosophy of Corruption
Social Control in a Stateless World Society: Confronting and Constructing Social Problems
Discussion Summary - Problem
Part II Progress
Capitalism and Human Progress
On Progress
Freedom, Responsibility, and Keeping [Our] Hope Alive
Progress and Public Reasoning
An Entrepreneur's Reflections on Progress
Discussion Summary - Progress
Part III Balancing And Tradeoffs
The Business Enterprise as an Ethical Agent
Shareholders, Stakeholders, and Strategic Factor Markets
Climate Change, Justice and Humanity's Collective Ownership of the Earth: Intergenerational Perspectives
The Paradox of Abundance: Automation Anxiety Returns
A Unique Opportunity: Balance without Trade-offs?
The Goal and Role of Business
Discussion Summary - Balancing and Tradeoffs
Part IV Choices And Preferences
Holistic Capitalism: The Role of Individuals
Whither the Good Firm: Quasi-Experiments in Corporate Social Responsibility
Positional Externalities as a Source of Market Failure
Well-being, Values and Improving Lives
Ideas of Reason
Discussion Summary - Choices and Preferences
Part V Power and Trust
Two Fallacies about Corporations
Corporate Power In The 21st Century
Contesting The Market: An Assessment Of Capitalism's Threat To Democracy
Recasting The Corporate Model: What Can Be Learned From Social Enterprises?
Trust and power
Discussion Summary - Power and Trust
