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Full Description
The Reinventing Capitalism series seeks to feature explorations about the crisis of legitimacy facing capitalism today, including the increasing income and wealth gap, the decline of the middle class, threats to employment due to globalization and digitalization, undermined trust in institutions, discrimination against minorities, global poverty and pollution. The series is intended to be a collection of authoritative literature reviews of foundational topics on renewing capitalism. Being grounded in a business and management perspective, the series incorporates insights from multiple disciplines that promise to substantiate the causes of the current crisis and potential solutions what needs to be done. This Element provides an overview of the series, explains the background of its development and contains eight sections that deal with various facets of the subject from the perspectives of a group of top-notch authors.
Contents
List of Contributors; 1. Introduction: The New Enlightenment Arie Y. Lewin, Greg Linden and David Teece; 2. Capitalism and the Legacy of Adam Smith Craig Smith; 3. The Failure of Shareholder Value Ideology and the Contours of a Humane Capitalism Ted Ryan; 4. Innovation and Financialization in the Corporate Economy William Lazonick; 5. Corporate Governance, CEO Compensation and the Income Gap Arie Y. Lewin and Till Talaulicar; 6. Reviving Productive Capitalism: How CEOs and Boards Can Drive Sustained Value Creation Sarah Keohane Williamson; 7. Market Power and the New Antitrust: Where the Anti-monopoly Narrative Goes Wrong Gerald F. Davis; 8. The Emerging Technological Revolutions and Social Change Maryann Feldman, Frederick Guy, Simona Iammarino, and Carolin Ioramashvili; 9. How and Why Globalization is Disaggregating: The Impact of China Orville Schell; References.
