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Governance and Business Models for Sustainable Capitalism



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ISBN 9781138210592
December 21, 2021 Forthcoming by Routledge
200 Pages 34 B/W Illustrations

 
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Book Description

Governance and Business Models for Sustainable Capitalism touches upon many of the central themes of today’s debate on business and society. In particular, it brings attention to a recurrent tension between efficiency, innovation and productivity on the one hand, and fairness, equity and sustainability on the other.

The book argues that we need radical rethinking of business models and economic governance, beyond the classical doctrine which sees social and ecological responsibility as lying with public policy regulation of purely profit-seeking firms. In spite of the popular CSR agenda, business - as we know it today - is both too transient and too limited in its motivation to carry the regulatory burden. We need to adopt a much wider concept of "partnered governance", where advanced states and pioneering companies work together to raise the social and environmental bar. The book suggests that civil engagements based on moral rather than formal rights, and amplified through the media, may provide a healthy challenge both to autocratic planning and to solely profit-centered commercialization. The book also proposes a triple cycle theory of innovation for sustainability: a novel framing of the efficacy of green and prosocial entrepreneurship as intertwined with political visions and supportive institutions. In addition, the book offers reflections on the ways in which further digital robotizaton may enable transition to an ‘Agora Economy’ where productive efficiency is combined with expanded civic freedoms.

Aimed primarily at researchers, academics and students in the fields of political economy, business and society, corporate governance, business ethics, corporate social responsibility and sustainability, the book will additionally be of value to practitioners, supplying them with information regarding the challenges associated with the shaping of sustainable or ‘civilised’ market capitalism for a better world.

Table of Contents

Section I: Historical Roots and Past Experience 1. The Terrible Beauty of Early Industrial Capitalism 2. Re-Embedding Capitalism Under Social Democracy Section II: 21st Century Challenges 3. Technological Challenges 4. Financial Challenges 5. Ecological Challenges Section III: Governance Approaches 6. Neoliberal De-Regulation 7. Can Business Govern Itself? 8. Re-Chartering the Firm 9. Civic Governance 10. Bringing the State Back In 11. Governing Transitions 12. Polycentric Governance in a Bipolar World

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Author(s)

Biography

Atle Midttun is Professor in the Department of Law and Governance at BI Norwegian Business School, Norway.