Remaking the Real Economy is what this blogsite has really been all about ever since it began in April 2009. The first posting – ‘Free market capitalism vs company law’) – began as follows:
“A key tenet of free market capitalism is that businesses should focus exclusively on maximising shareholder value and not allow other considerations, apart from compliance with the law, to intrude on their business activities. As demonstrated in ‘The Rise and Fall of Management’, approaches such as corporate philanthropy, corporate social responsibility and business ethics, are only justifiable if they add to profitability. This appears to be a clear and simple model for businessmen to work.
But the law, for example the 2006 Companies Act, charges company directors with the duty to care for the best long term interests of their company, having regard to the interests of all its stakeholders, not just its shareholders. In fact this has been the case since mid-nineteenth century when limited liability was first established.”
So how far have we got since then? Well, progression has not been very impressive. Remaking the Real Economy is specific about what needs to be done – see further details at Policy Press including 20% discount.
Focused on the realities of organisational systems, the book offers a practical alternative to economic dogma. The paragraphs below are quotes from its cover:
“Pearson’s book is a ‘tour de force’ written from a position of management experience and robust academic research,” Mihaela Kelemen, University of Nottingham.
“Subtle theoretical reflection is combined with meticulous research to yield a ground-breaking analysis. Highly recommended..” John Hassard, University of Manchester.
“At last, a business and economics book for critical thinkers … a stunning critique of microeconomic theory and practices that so damage our society.” John Carlisle, former Professor at Rhodes University South Africa and Sheffield Hallam and co-operative consultant-practitioner.
This book reveals how mainstream perspectives work for the benefit of the organised money establishment, while causing all manner of destructions, inequalities and frauds, all conspiring against the common good. There is an alternative.