Prosperity

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 Saeid 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.

List of contents

• Part I: Principles


• 1: Purpose


• 2: Values


• Part II: Provenance


• 3: Evolution


• 4: Ownership


• Part III: Practice


• 5: Governance


• 6: Performance


• Part IV: Policy


• 7: Law


• 8: Regulation


• Part V: Partnership


• 9: Finance


• 10: Investment

Report

Review from previous edition "Mayer of the Saïd Business School at Oxford is one of the world's foremost critics of the idea that the aim of companies is to maximise shareholder value. This, he argues cogently, represents a betrayal of one of humanity's most extraordinary inventions." Martin Wolf, Books of the Year 2018, The Financial Times

Product details

• Authors: Colin Mayer, Colin (Peter Moores Professor of Management Mayer, Mayer Colin
• Publisher: Oxford University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 31.01.2021
• EAN: 9780198866824
• ISBN: 978-0-19-886682-4
• No. of pages: 288
• Dimensions: 135 mm x 215 mm x 22 mm
• Subjects: Social sciences, law, business > Business > Management; POLITICAL SCIENCE / General, Economics, Business and Management, BUSINESS & ECONOMICS / Organizational Behavior, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Business Ethics, BUSINESS & ECONOMICS / Industrial Management, Business & management, Business ethics & social responsibility, Business innovation, Politics & government, Organizational theory & behaviour, Politics and government, Business ethics and social responsibility, Economics of industrial organisation, Organizational theory and behaviour, Economics of industrial organization