In Search of a Moral Foundation for Capitalism

Rezensionen / Stimmen

'If you want a perspective on an enlightened version, possibly the originally envisioned version, of capitalism not fully reduced to its characteristic, though commonly overemphasized and misrepresented, rationale of self-interest, then read this book. By unpacking and reexamining the moral foundations of capitalism, this book will make you reflect on how capitalist societies can serve mutual benefit and achieve social welfare when liberated from its misconceived, fundamentalist cliches of naked self-interest and free markets.' Wim A. Van der Stede, Dean and Professor at London School of Economics 'In this excellent description of the development of intellectual ideas on the nature and determinants of our capitalist system, Douglas Stevens provides a wide-ranging, insightful, and accessible account of how we have arrived at the current dilemmas that confront us. His book provides a valuable basis for understanding how the history of economic thought can help guide the formulation of future policy.' Colin Mayer, Emeritus Professor of Management Studies at the Said Business School, and Visiting Professor at the Blavatnik School of Government, University of Oxford 'This is the single most useful book for understanding how the Chicago School in general, and in particular its agency theory with a hyper focus on self-interest has detrimentally impacted capitalism. Moreover, the personal stories of famous economic thinkers reveal insights about a path forward. To a society that proudly supports capitalism built on a moral foundation in which we achieve a prosperity that lifts all boats. I have had a long-term friendship with two of the economists profiled and I guarantee that the interpretation in this book hits the nail on the head.' Bartley J. Madden, author of Value Creation Principals: The Pragmatic Theory of the Firm Begins with Purpose and Ends with Sustainable Capitalism