A Manager’s Moral Obligation to Preserve Capitalism
Harvard Business School’s Rebecca M. Henderson and Karthik Ramanna argue that company managers have a moral obligation to preserve capitalism.
Content: Article | Authors: Karthik Ramanna, Michael Blanding, Rebecca M. Henderson | Source: “Harvard Business School (HBS) Working Knowledge” | Subject: Economics
Michael Blanding, Karthik Ramanna, Rebecca M. Henderson
Capitalism has two powerful things going for it. First, it has been shown to be incredibly effective in leading to economic growth. …Second, capitalism tends to be self-correcting. When the free market does fail, the market itself steps in to correct the problem. …But that doesn’t mean markets always work to self-correct structural problems. The snag, as Adam Smith first identified in The Wealth of … [ Read more ]
Content: Quotation | Authors: Karthik Ramanna, Michael Blanding, Rebecca M. Henderson | Source: “Harvard Business School (HBS) Working Knowledge” | Subjects: Capitalism, Economics