Cancelling Capitalism?
24 Pages Posted: 3 Mar 2022
Date Written: January 4, 2022
Abstract
GROW THE PIE: HOW GREAT COMPANIES DELIVER BOTH PURPOSE AND PROFIT. By Alex Edmans. Cambridge & New York: Cambridge University Press. 2020. Pp. 357. $24.95.
The main goal of this Review is to highlight what I see as Alex Edmans’s most important contribution in writing Grow the Pie—to explain why profits are pro-social—and then to expand the connection between his analysis to law and macroeconomic policy. The Review thus urges that Grow the Pie provides a compelling foundation for considering why our existing legal frameworks should support the status quo, as enabling free-market capitalism, and proposals for radical reform should be abandoned. Ultimately, and ideally, this Review will draw attention to the ways in which Edmans’ data synthesis provides a compelling defensive of a free-market corporate law landscape, influencing the trajectory of U.S. corporate law and financial regulatory reform in the next few years.
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