Capitalism Beyond Mutuality?

Capitalism Beyond Mutuality?

Author: Subramanian Rangan

Publisher: Oxford University Press

Published: 2018-05-11

Total Pages: 400

ISBN-13: 0192558641

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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.


Book Synopsis Capitalism Beyond Mutuality? by : Subramanian Rangan

Download or read book Capitalism Beyond Mutuality? written by Subramanian Rangan and published by Oxford University Press. This book was released on 2018-05-11 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Capitalism Beyond Mutuality?

Capitalism Beyond Mutuality?

Author: Subramanian Rangan

Publisher: Oxford University Press

Published: 2018

Total Pages: 400

ISBN-13: 0198825064

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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 text explores how economic actors might evolve their paradigms, preferences and practices.


Book Synopsis Capitalism Beyond Mutuality? by : Subramanian Rangan

Download or read book Capitalism Beyond Mutuality? written by Subramanian Rangan and published by Oxford University Press. This book was released on 2018 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 text explores how economic actors might evolve their paradigms, preferences and practices.

Putting Purpose Into Practice

Putting Purpose Into Practice

Author: Colin Mayer

Publisher: Oxford University Press

Published: 2021

Total Pages: 433

ISBN-13: 0198870701

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This is the first book to provide a precise description of how companies can put purpose into practice. Based on groundbreaking research undertaken between Oxford University and Mars Catalyst, it offers an accessible account of why corporate purpose is so important and how it can be implemented to address the major challenges the world faces today.


Book Synopsis Putting Purpose Into Practice by : Colin Mayer

Download or read book Putting Purpose Into Practice written by Colin Mayer and published by Oxford University Press. This book was released on 2021 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to provide a precise description of how companies can put purpose into practice. Based on groundbreaking research undertaken between Oxford University and Mars Catalyst, it offers an accessible account of why corporate purpose is so important and how it can be implemented to address the major challenges the world faces today.

Practicing Cooperation

Practicing Cooperation

Author: Andrew Zitcer

Publisher:

Published: 2021-11-02

Total Pages: 272

ISBN-13: 9781517909802

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A powerful new understanding of cooperation as an antidote to alienation and inequality From the crises of racial inequity and capitalism that inspired the Black Lives Matter movement and the Green New Deal to the coronavirus pandemic, stories of mutual aid have shown that, though cooperation is variegated and ever changing, it is also a form of economic solidarity that can help weather contemporary social and economic crises. Addressing this theme, Practicing Cooperation delivers a trenchant and timely argument that the way to a more just and equitable society lies in the widespread adoption of cooperative practices. But what renders cooperation ethical, effective, and sustainable? Providing a new conceptual framework for cooperation as a form of social practice, Practicing Cooperation describes and critiques three U.S.-based cooperatives: a pair of co-op grocers in Philadelphia, each adjusting to recent growth and renewal; a federation of two hundred low-cost community acupuncture clinics throughout the United States, banded together as a cooperative of practitioners and patients; and a collectively managed Philadelphia experimental dance company, founded in the early 1990s and still going strong. Through these case studies, Andrew Zitcer illuminates the range of activities that make contemporary cooperatives successful: dedicated practitioners, a commitment to inclusion, and ongoing critical reflection. In so doing he asserts that economic and social cooperation must be examined, critiqued, and implemented on multiple scales if it is to combat the pervasiveness of competitive individualism. Practicing Cooperation is grounded in the voices of practitioners and the result is a clear-eyed look at the lived experience of cooperators from different parts of the economy and a guidebook for people on the potential of this way of life for the pursuit of justice and fairness.


Book Synopsis Practicing Cooperation by : Andrew Zitcer

Download or read book Practicing Cooperation written by Andrew Zitcer and published by . This book was released on 2021-11-02 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful new understanding of cooperation as an antidote to alienation and inequality From the crises of racial inequity and capitalism that inspired the Black Lives Matter movement and the Green New Deal to the coronavirus pandemic, stories of mutual aid have shown that, though cooperation is variegated and ever changing, it is also a form of economic solidarity that can help weather contemporary social and economic crises. Addressing this theme, Practicing Cooperation delivers a trenchant and timely argument that the way to a more just and equitable society lies in the widespread adoption of cooperative practices. But what renders cooperation ethical, effective, and sustainable? Providing a new conceptual framework for cooperation as a form of social practice, Practicing Cooperation describes and critiques three U.S.-based cooperatives: a pair of co-op grocers in Philadelphia, each adjusting to recent growth and renewal; a federation of two hundred low-cost community acupuncture clinics throughout the United States, banded together as a cooperative of practitioners and patients; and a collectively managed Philadelphia experimental dance company, founded in the early 1990s and still going strong. Through these case studies, Andrew Zitcer illuminates the range of activities that make contemporary cooperatives successful: dedicated practitioners, a commitment to inclusion, and ongoing critical reflection. In so doing he asserts that economic and social cooperation must be examined, critiqued, and implemented on multiple scales if it is to combat the pervasiveness of competitive individualism. Practicing Cooperation is grounded in the voices of practitioners and the result is a clear-eyed look at the lived experience of cooperators from different parts of the economy and a guidebook for people on the potential of this way of life for the pursuit of justice and fairness.

Performance and Progress

Performance and Progress

Author: Subramanian Rangan

Publisher:

Published: 2015

Total Pages: 526

ISBN-13: 0198744285

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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.


Book Synopsis Performance and Progress by : Subramanian Rangan

Download or read book Performance and Progress written by Subramanian Rangan and published by . This book was released on 2015 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Varieties of Capitalism

Varieties of Capitalism

Author: Peter A. Hall

Publisher: Oxford University Press

Published: 2001

Total Pages: 557

ISBN-13: 0199247749

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Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.


Book Synopsis Varieties of Capitalism by : Peter A. Hall

Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

Putting Purpose Into Practice

Putting Purpose Into Practice

Author: Colin P. Mayer

Publisher:

Published: 2021

Total Pages: 404

ISBN-13:

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The book provides a detailed and practical description of how companies can put purpose into practice in their organizations. Based on a ground-breaking research project on the Economics of Mutuality undertaken jointly by the Saïd Business School at the University of Oxford and Mars Catalyst, the think tank of Mars Inc., the food and beverages company, over a period of five years, the book describes how purpose promotes business growth and performance. In particular, it gives a highly accessible and readable account of how companies can determine and implement their corporate purposes, and how, by so doing, they address critical issues in their ecosystems, such as rising inequality and environmental degradation, while delivering superior performance and resilience. The book will equip executives, managers, investors, policymakers, academics, and students with tools to understand the way in which companies can build purpose-centric businesses, map and orchestrate stakeholder ecosystems, identify untapped resources, create unconventional partnerships, measure and manage performance beyond financial reporting, and adopt a new definition of profit to promote corporate purposes. The book includes fourteen case studies of companies of varying sizes, sectors, and geographies that sought to put purpose into practice. They provide deep insights into the way in which companies have delivered corporate purpose and the challenges they faced in doing this. The book stresses both the opportunity and obligation on business to reposition itself to address the changing needs of society and the planet in the twenty-first century.


Book Synopsis Putting Purpose Into Practice by : Colin P. Mayer

Download or read book Putting Purpose Into Practice written by Colin P. Mayer and published by . This book was released on 2021 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a detailed and practical description of how companies can put purpose into practice in their organizations. Based on a ground-breaking research project on the Economics of Mutuality undertaken jointly by the Saïd Business School at the University of Oxford and Mars Catalyst, the think tank of Mars Inc., the food and beverages company, over a period of five years, the book describes how purpose promotes business growth and performance. In particular, it gives a highly accessible and readable account of how companies can determine and implement their corporate purposes, and how, by so doing, they address critical issues in their ecosystems, such as rising inequality and environmental degradation, while delivering superior performance and resilience. The book will equip executives, managers, investors, policymakers, academics, and students with tools to understand the way in which companies can build purpose-centric businesses, map and orchestrate stakeholder ecosystems, identify untapped resources, create unconventional partnerships, measure and manage performance beyond financial reporting, and adopt a new definition of profit to promote corporate purposes. The book includes fourteen case studies of companies of varying sizes, sectors, and geographies that sought to put purpose into practice. They provide deep insights into the way in which companies have delivered corporate purpose and the challenges they faced in doing this. The book stresses both the opportunity and obligation on business to reposition itself to address the changing needs of society and the planet in the twenty-first century.

Migration Beyond Capitalism

Migration Beyond Capitalism

Author: Hannah Cross

Publisher: John Wiley & Sons

Published: 2020-09-29

Total Pages: 177

ISBN-13: 1509535969

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Harshly exploited migrant labour plays a fundamental role in the political economy of contemporary capitalism. The abstract and utopian theorising of many liberals and leftists on the migration question often ignores or downplays patterns of displacement and brutal class dynamics, which divide and weaken working people while empowering the ruling class. In this important new book, Hannah Cross provides a sober analysis of the class antagonisms of migration in the context of the nation, social democracy, and the racialized ordering of the world. Bringing Marxist methodology and strategy to a careful analysis of existing emancipatory movements, she sets out the programmes and approaches that are needed to promote global worker solidarity and create a future in which cheap labour is no longer a mainstay of wealthy economies. This focus on the labouring classes allows her to identify some important new directions for migration in a world beyond capitalism, exploitation and injustice. This book will be essential reading for students, scholars and general readers interested in the politics and political economy of migration in a world unhelpfully caught between racist authoritarian capitalism and the wishful-thinking of contemporary left-liberalism.


Book Synopsis Migration Beyond Capitalism by : Hannah Cross

Download or read book Migration Beyond Capitalism written by Hannah Cross and published by John Wiley & Sons. This book was released on 2020-09-29 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harshly exploited migrant labour plays a fundamental role in the political economy of contemporary capitalism. The abstract and utopian theorising of many liberals and leftists on the migration question often ignores or downplays patterns of displacement and brutal class dynamics, which divide and weaken working people while empowering the ruling class. In this important new book, Hannah Cross provides a sober analysis of the class antagonisms of migration in the context of the nation, social democracy, and the racialized ordering of the world. Bringing Marxist methodology and strategy to a careful analysis of existing emancipatory movements, she sets out the programmes and approaches that are needed to promote global worker solidarity and create a future in which cheap labour is no longer a mainstay of wealthy economies. This focus on the labouring classes allows her to identify some important new directions for migration in a world beyond capitalism, exploitation and injustice. This book will be essential reading for students, scholars and general readers interested in the politics and political economy of migration in a world unhelpfully caught between racist authoritarian capitalism and the wishful-thinking of contemporary left-liberalism.

Better Capitalism

Better Capitalism

Author: Paul E. Knowlton

Publisher: Wipf and Stock Publishers

Published: 2021-05-19

Total Pages: 272

ISBN-13: 1725280957

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Sometime in your business life you've looked up from the task or person in front of you, paused before your head explodes, and thought to yourself, "There's got to be a better way!" This book offers you that better way. Whether you're in school preparing for the world of work or have experienced multiple careers, whether you make decisions that affect others or are affected by others' decisions as their employee or customer, whether you're part of a multinational corporation or a small business or a ministry or a government, this book shows how you're affected by plantation economics. It then shows you the more profitable--beneficial--viewing, thinking, and living of capitalism through the framework of Partnership Economics. Better Capitalism adds value across the full landscape of capitalism and the bridged worlds of business and faith. Ready for that better way? Read on to unleash a more profitable and ethical capitalism.


Book Synopsis Better Capitalism by : Paul E. Knowlton

Download or read book Better Capitalism written by Paul E. Knowlton and published by Wipf and Stock Publishers. This book was released on 2021-05-19 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sometime in your business life you've looked up from the task or person in front of you, paused before your head explodes, and thought to yourself, "There's got to be a better way!" This book offers you that better way. Whether you're in school preparing for the world of work or have experienced multiple careers, whether you make decisions that affect others or are affected by others' decisions as their employee or customer, whether you're part of a multinational corporation or a small business or a ministry or a government, this book shows how you're affected by plantation economics. It then shows you the more profitable--beneficial--viewing, thinking, and living of capitalism through the framework of Partnership Economics. Better Capitalism adds value across the full landscape of capitalism and the bridged worlds of business and faith. Ready for that better way? Read on to unleash a more profitable and ethical capitalism.

Completing Capitalism

Completing Capitalism

Author: Bruno Roche

Publisher: Berrett-Koehler Publishers

Published: 2017-05-01

Total Pages: 243

ISBN-13: 1626569290

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Two leading economists present a new model for sustainable capitalism based on the economics of mutuality. For decades, leaders in the business world have believed that their sole responsibility is to maximize profit for shareholders. But this obsessive focus was a major cause of the abuses that nearly sunk the global economy in 2008. While books like Thomas Piketty’s Capital in the Twenty-First Century have exposed the shortcomings of financial capitalism, Completing Capitalism goes further by describing a well-developed, field-tested alternative. In this analytically rigorous and eminently practical book, Bruno Roche and Jay Jakub offer a more complete form of capitalism, one that delivers superior financial performance precisely because it mobilizes and generates human, social, and natural capital along with financial capital. Offering practical, real-world illustrations, Roche and Jakub describe how their model has been implemented in live business pilots in Africa, Asia, and elsewhere.


Book Synopsis Completing Capitalism by : Bruno Roche

Download or read book Completing Capitalism written by Bruno Roche and published by Berrett-Koehler Publishers. This book was released on 2017-05-01 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two leading economists present a new model for sustainable capitalism based on the economics of mutuality. For decades, leaders in the business world have believed that their sole responsibility is to maximize profit for shareholders. But this obsessive focus was a major cause of the abuses that nearly sunk the global economy in 2008. While books like Thomas Piketty’s Capital in the Twenty-First Century have exposed the shortcomings of financial capitalism, Completing Capitalism goes further by describing a well-developed, field-tested alternative. In this analytically rigorous and eminently practical book, Bruno Roche and Jay Jakub offer a more complete form of capitalism, one that delivers superior financial performance precisely because it mobilizes and generates human, social, and natural capital along with financial capital. Offering practical, real-world illustrations, Roche and Jakub describe how their model has been implemented in live business pilots in Africa, Asia, and elsewhere.