Description: Unlock the power of shareholder capitalism -- a system that transcends zero-sum games and Wall Street stereotypes. In its essence, shareholder capitalism enables mutually beneficial trade, a concept ingrained in our human history for over 300,000 years. This approach fosters specialization, fuels innovation, and propels economic growth. In this engaging new book, David McLean explains how embracing shareholder capitalism doesn't negate the significance of other institutions; rather, it allows businesses to excel in providing the goods, services, and jobs that make society better off. Shareholder capitalism isn't about disregarding stakeholders; it thrives on mutually beneficial partnerships, and managers are entrusted to maximize shareholder value, focusing on companies' long-term success, which drives overall prosperity. Profits, the ultimate measure of value, steer businesses toward creating goods and services that benefit society. While shareholder capitalism is the overarching theme in Finance 101 courses, it is increasingly criticized, especially with the popularization of concepts like ESG investing and stakeholder capitalism. McLean argues that corporate social responsibility, while well-intentioned, shouldn't replace the democratic process in policymaking, and can lead to unintended consequences. Our journey through capitalism, beginning around 1800, has brought unprecedented prosperity, and it's essential to safeguard this system for the betterment of society, with democracy and free trade as our guiding beacons.
Price: 19.63 USD
Location: East Hanover, New Jersey
End Time: 2025-01-18T21:42:17.000Z
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 60 Days
Refund will be given as: Money Back
EAN: 9781952223884
UPC: 9781952223884
ISBN: 9781952223884
MPN: N/A
Book Title: Case for Shareholder Capitalism : How the Pursuit of Profit Benefits All
Number of Pages: 256 Pages
Language: English
Publisher: Cato Institute
Topic: Business Ethics, Finance / General, Corporate Finance / General, Free Enterprise
Publication Year: 2023
Item Height: 0.6 in
Illustrator: Yes
Genre: Business & Economics
Item Weight: 11.5 Oz
Item Length: 8.5 in
Author: R. David Mclean
Item Width: 5.5 in
Format: Trade Paperback