Changing the purpose of the corporation to rebalance capitalism

IF 2.1 2区经济学 Q2 ECONOMICS

Oxford Review of Economic Policy Pub Date : 2021-11-08 DOI:10.1093/OXREP/GRAB034

Rebecca Henderson

引用次数: 14

Abstract

Solving the great problems of our time will require reimagining capitalism by balancing the power of the free market with capable, democratically accountable government and strong civil society. Changing the purpose of the firm has the potential to make this process of rebalancing significantly easier. Purpose-driven firms could be catalysts in the drive for systemic change by supporting transformation within their own industries, supporting cooperation in the public interest and modelling public/private partnerships, and supporting the strengthening of global democracy. Transforming the purpose of the firm will require not only changing corporate law, but also changing the metrics used to control and measure firms and the social norms that constrain and guide corporate behavior.

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改变公司宗旨以重新平衡资本主义

解决我们这个时代的重大问题需要重新构想资本主义，平衡自由市场的力量与有能力、民主负责的政府和强大的公民社会。改变公司的目的有可能使这一再平衡过程变得更加容易。目标驱动型公司可以通过支持自身行业内的转型、支持公共利益合作和建立公私伙伴关系以及支持加强全球民主，成为推动系统性变革的催化剂。转变公司的宗旨不仅需要改变公司法，还需要改变用于控制和衡量公司的指标，以及约束和指导公司行为的社会规范。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Oxford Review of Economic Policy ECONOMICS-

CiteScore

12.50

自引率

1.50%

发文量

期刊介绍： The Oxford Review of Economic Policy is a refereed journal which is published quarterly. Each issue concentrates on a current theme in economic policy, with a balance between macro- and microeconomics, and comprises an assessment and a number of articles. It gives a valuable appraisal of economic policies worldwide. While the analysis is challenging and at the forefront of current thinking, articles are presented in non-technical language to make them readily accessible to all readers. The Oxford Review is aimed at a wide audience including government, business and policy-makers, as well as academics and students. It is required reading for those who need to know where research is leading.