Managers and Market Capitalism, Module Note

Posted: 25 Mar 2012

See all articles by Rebecca M. Henderson

Rebecca M. Henderson

Massachusetts Institute of Technology (MIT) - Sloan School of Management; National Bureau of Economic Research (NBER)

Karthik Ramanna

Harvard Business School; University of Oxford - Blavatnik School of Government

Date Written: January 21, 2012

Abstract

The last thirty years have seen the widespread embrace of market capitalism as not only a highly efficient form of economic organization but also as one that best meets the diversity of human preferences. In large, complex societies, an increasing body of theoretical and empirical research suggests, however, that the existence of competitive markets rests on strong institutional foundations. This note explores the appropriate role for the general manager, if any, in sustaining these conditions for market capitalism.

Learning Objective: To introduce the economic lens, one of the three lenses (economic, legal, and ethics) of the Leadership and Corporate Accountability RC course.

Suggested Citation

Henderson, Rebecca M. and Ramanna, Karthik, Managers and Market Capitalism, Module Note (January 21, 2012). Harvard Business School BGIE Unit Case No. 112-043. Available at SSRN: https://ssrn.com/abstract=2027948

Rebecca M. Henderson (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

E52-543
Cambridge, MA 02142
United States
617-253-6618 (Phone)
617-253-2660 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Karthik Ramanna

Harvard Business School ( email )

Boston, MA 02163
United States

University of Oxford - Blavatnik School of Government ( email )

10 Merton St
Oxford, Oxfordshire OX1 4JJ
United Kingdom

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