Capitalism Beyond Mutuality? Perspectives Integrating Philosophy and Social Science
Capitalism Beyond Mutuality? Perspectives Integrating Philosophy and Social Science
Professor of Strategy and Management
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Abstract
Our quest for prosperity has produced great output but not always great outcomes. The list of concerns is growing and familiar. Fundamentally, when it comes to well-being, fairness, and the scope of our humanity, the modern economic system still leaves much to be desired. In turn, trust in business and the liberal market system (aka “capitalism”) has been declining and regulation has been rising. A variety of forces—civic, economic, and intellectual—have been probing for better alternatives. The contributions in this volume, coauthored by eminent philosophers, social scientists, and a handful of thoughtful business leaders, are submitted in this spirit. The thrust of the work is conveyed in the volume’s titular question: Capitalism Beyond Mutuality? Mutuality, or the exchange of benefits, has been established as the prime principle of interaction in addressing the chronic dilemma of human interdependence. Mutuality is a fundament in the social contract approach and it serves us well. Yet, to address the concerns outlined here, we must help evolve an economic paradigm where mutuality is more systematically complemented by reasoned and elective morality. Otherwise the state will remain the sole (if inadequate) protector and buffer between market and society. Hence, rather than just regulate power we must also educate power. Philosophy has a natural role, especially when education is the preferred vehicle of transformation. Accordingly, the essays in this volume integrate philosophy and social science to outline and explore concrete approaches to these important concerns emanating from business practice and theory.
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Front Matter
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1
Introduction: Capitalism Beyond Mutuality?
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Part I The Paradigm Problem
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2
Thinking about the World: Philosophy and Sociology
John W. Meyer andMathias Risse
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3
A Dialogue Between Business and Philosophy
Bertrand Collomb andSusan Neiman
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4
Decision Processes and Value Endogeneity
James G. March
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5
The Forest of Reasons
Kwame Anthony Appiah
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6
Intergenerational Equity and Responsibility for Future Generations
Kotaro Suzumura
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2
Thinking about the World: Philosophy and Sociology
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Part II The Agency Problem
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7
Our Obligation to Future Generations
Amartya Sen
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8
As You Like It: Work, Life, and Satisfaction
David Autor andPhilip Kitcher
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9
Purpose-Driven Business for Sustainable Performance and Progress
Ebba Abdon Hansmeyer and others
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10
Behind Every Great Fortune is an Equally Great Crime
Jay B. Barney andDavid Schmidtz
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11
Taming Platform Capitalism to Meet Human Needs
Gerald F. Davis andS.D. Shibulal
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7
Our Obligation to Future Generations
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Part III The Effectiveness Problem
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12
Corporations in the Economy of Esteem
Robert Frank andPhilip Pettit
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13
New Prospects for Organizational Democracy? How the Joint Pursuit of Social and Financial Goals Challenges Traditional Organizational Designs
Julie Battilana and others
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14
Philanthropy and Income Inequality
Elizabeth Anderson and others
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15
Recognizing and Embracing Our Shared Humanity
Valerie Tiberius andJames P. Walsh
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16
The Government’s Catalytic Role in Driving Societal Progress
Rabih Abouchakra and others
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12
Corporations in the Economy of Esteem
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End Matter
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