Capitalism has been an unprecedented engine of wealth creation for many centuries, leading to sustained productivity gains and long-term growth and lifting an increasing proportion of humanity out of poverty. But its effects, and hence its future, have come increasingly under question: Is capitalism still improving wealth and well-being for the many? Or, is long-term value creation being sacrificed to the pressures of short-termism, with potentially far-reaching consequences for society, the natural environment, prosperity, and global order?
Building on a collaboration between the Schulich School of Business and global management consultancy McKinsey & Company, this volume reflects both the urgency of the needed action and the tremendous opportunity to forge consensus and catalyze a lasting movement toward a more responsible, long-term, and sustainable model of capitalism. This unique volume brings together many of the leading proponents for a reformed, re-imagined capitalism from the Âfields of academia, business, and NGOs. Its contributors have been at the forefront of thought and action in regard to the future of capitalism. Both individually and collectively, they provide powerful suggestions of what such a long-term oriented model of capitalism should look like and how it can be achieved. Drawing on their research and professional experience, they write in an accessible style aiming to reach the broad audiences required to turn a re-imagined capitalism into a reality.
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Dominic Barton is the Global Managing Partner of McKinsey. In his 30 years at the rm, Dominic has advised clients in a range of industries, including banking, consumer goods, high tech, and industrial. Dominic leads McKinseys work on the future of capitalism, long-term value creation, and the role of business leadership in society. He has authored more than 80 articles on business in society, leadership, nancial services, Asia, history, and the issues and opportunities facing markets worldwide. He is the co-author, with Roberto Newell and Greg Wilson, of Dangerous Markets: Managing in Financial Crises (Wiley & Sons, 2002). His most recent book is China Vignettes: An Inside Look at China (Talisman, 2007). Dezsö Horváth is Dean and Tanna H. Schulich Chair in Strategic Management at the Schulich School of Business, York University, where he has been a member of the faculty since 1977. In addition to his role as Dean, Dr. Horváth is a director of a number of companies and organizations and serves on the advisory board of various business schools around the world. He was named 2004 Dean of the Year by the Academy of International Business (AIB), the world's leading association of scholars in the field of international business. In 2008 he was made a Member of the Order of Canada. MATTHIAS KIPPING is Professor of Policy, Richard E. Waugh Chair in Business History, and Academic Director of the Kellogg-Schulich Executive MBA program at the Schulich School of Business, York University. Matthias obtained degrees in Germany, France and the US and held previous positions in the UK and Spain. His research focuses on the evolution and global transfer of management practices as well as the contribution of historical approaches to the study of management. He recently co-authored, with Lars Engwall and Behlül Üsdiken, Dening Management: Business Schools, Consultants, Media (Routledge, 2016)
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