The Case for Shareholder Capitalism
From kwharrison13.com · Anti-library
The Case for Shareholder Capitalism
| Full title | The Case for Shareholder Capitalism: How the Pursuit of Profit Benefits All |
|---|---|
| Author | R. David McLean |
| Published | 2023 |
| Pages | 256 |
| Recommended | Once |
| Buy | Amazon |
| Why it’s on the list | McLean, a finance professor at Georgetown, defends shareholder primacy against the stakeholder model: maximising long-run shareholder value already requires serving employees, customers and suppliers, and corporate social responsibility substitutes unaccountable managerial discretion for the democratic process — externalities are a job for regulation, not boards. The strongest short statement of a side mostly argued by its critics. |
The Case for Shareholder Capitalism
Where I heard about it
- Michael Mauboussin — one of his favourite books of 2024, posted on X in December 2024.
Connections
- Capital Allocation — the portfolio idea this belongs to: whose claim on the cash flow, and on what theory.
- Stakeholder Capitalism · ESG — the positions the book is written against.
- Corporate Governance · Capitalism — the machinery and the system under discussion.
- Milton Friedman — the shareholder-primacy tradition McLean is extending.
- Michael Mauboussin — the curator whose 2024 list this came from.
What links here
Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.