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Prosperity: Better Business Makes the Greater Good

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SKU 9780198866824 Categories ,
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Does business just exist to maximise shareholder profit? The belief it does has had disastrous consequences for our economies, environment, politics, and societies, argues Colin Mayer. In an urgent call for reform, he sets out an agenda to remake the corporation into a powerfu...

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Description

Product ID:9780198866824
Product Form:Paperback / softback
Country of Manufacture:GB
Title:Prosperity
Subtitle:Better Business Makes the Greater Good
Authors:Author: Colin Mayer
Page Count:288
Subjects:Politics and government, Politics & government, Economics, Economics of industrial organization, Business and Management, Business innovation, Business ethics and social responsibility, Organizational theory and behaviour, Economics, Economics of industrial organisation, Business & management, Business innovation, Business ethics & social responsibility, Organizational theory & behaviour
Description:Select Guide Rating
Does business just exist to maximise shareholder profit? The belief it does has had disastrous consequences for our economies, environment, politics, and societies, argues Colin Mayer. In an urgent call for reform, he sets out an agenda to remake the corporation into a powerful force for promoting economic and social wellbeing in its fullest sense.
What is business for? Day one of a business course will tell you: it is to maximise shareholder profit. This single idea pervades all our thinking and teaching about business around the world but it is fundamentally wrong, Colin Mayer argues. It has had disastrous and damaging consequences for our economies, environment, politics, and societies. In this urgent call for reform, Prosperity challenges the fundamentals of business thinking. It sets out a comprehensive new agenda for establishing the corporation as a unique and powerful force for promoting economic and social wellbeing in its fullest sense - for customers and communities, today and in the future.First Professor and former Dean of the Säid Business School in Oxford, Mayer is a leading figure in the global discussion about the purpose and role of the corporation. In Prosperity, he presents a radical and carefully considered prescription for corporations, their ownership, governance, finance, and regulation. Drawing together insights from business, law, economics, science, philosophy, and history, he shows how the corporation can realize its full potential to contribute to economic and social wellbeing of the many, not just the few.Prosperity tells us not only how to create and run successful businesses but also how policy can get us there and fix our broken system.
Imprint Name:Oxford University Press
Publisher Name:Oxford University Press
Country of Publication:GB
Publishing Date:2021-01-28