Tag Archives: capitalism

Adam Smith’s Legacy for Ethics and Economics

Olsson Center Senior Fellow Patricia H. Werhane has written about interpretations of Adam Smith and capitalism in the past. In a 2006 article, she challenges a popular understanding of the Wealth of Nations. According to the popular reading of Smith, … Continue reading

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Stakeholder Capitalism

How one views capitalism can inform business decisions and operational values. In a 2007 article, Freeman, Martin and Parmar write: “Traditional narratives of capitalism rely upon the assumptions of competition, limited resources, and a winner-take-all mentality as fundamental to business … Continue reading

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The Evolution of Capitalism

Capitalism is in the news a lot these days. Pope Francis made global headlines for his critique of unbridled capitalism. Recently Professor R. Edward Freeman wrote about the future of capitalism in The Guardian, and it was met with vigorous … Continue reading

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Capitalism in Question

Recently the Academy of Management Social Issues in Management division hosted a panel discussion called, “Capitalism in Question: Towards an Economics of Justice, Sustainability, and Economic Thrivability.” Professor R. Edward Freeman participated in the discussion, where he humorously remarked that … Continue reading

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The Future of Capitalism

Professor R. Edward Freeman was featured in a closing plenary panel at the Eighth Bentley Global Business Ethics Symposium. The panel focused on trends, challenges and possibilities with respect to the enterprise of the future. The following remarks come from … Continue reading

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Why Do Leaders Act Unethically?

Recently R. Edward Freeman joined Harvard Business School’s Max Bazerman for a forum on leadership and ethics at the Frank Batten School of Leadership & Public Policy. Freeman answered the question “Why do leaders act unethically?” with the following points: … Continue reading

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Do You Leave Ethics at Home?

First, let’s end all of this talk that the only responsibility of a business is to create shareholder value. Of course, shareholders have to win and win big. So do customers, suppliers, employees, and communities if we want to sustain … Continue reading

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