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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP16302 |
DP16302 Capitalism Recoupled | |
Dennis Snower | |
发表日期 | 2021-06-28 |
出版年 | 2021 |
语种 | 英语 |
摘要 | This paper examines major forces that have decoupled economic and business prosperity from social prosperity and explores how recoupling can be promoted. Economists have specified well-known conditions under which free market enterprise with shareholder value maximization is efficient. These conditions are systematically violated by three forces – globalization, technological advance and financialization (GTF) – that have weakened the connections between economies and societies over the past four decades. Consequently, the recoupling process requires abandoning the default premise of economic decision making that social progress follows financial performance. For business, it calls for a move from shareholder to stakeholder value. For government, it calls for setting legal obligations, targets and incentives to ensure that stakeholder value is compatible with a rigorously defined concept of “societal and planetary value.” |
主题 | Macroeconomics and Growth |
关键词 | Recoupling Shareholder value Stakeholder value Wellbeing Globalization Technological advance Financialization |
URL | https://cepr.org/publications/dp16302 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545267 |
推荐引用方式 GB/T 7714 | Dennis Snower. DP16302 Capitalism Recoupled. 2021. |
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