Can management (theory) save capitalism?

Open Access
Authors
Publication date 2023
Number of pages 21
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam Business School Research Institute (ABS-RI)
Abstract
Capitalism is failing us, in large part because it is based on an economic narrative that lacks a convincing theoretical foundation. In this narrative, the role of management is to maximize profits. This lecture argues that an evolutionary understanding of human behavior and organization can lay the foundation for an alternative and theoretically much more convincing narrative of capitalism in which the role of management is to balance stakeholder interests. This alternative narrative offers at least some hope for a capitalist system in which firms serve humanity, as opposed to the other way around.
Document type Inaugural speech
Note Inaugural speech delivered on July 7, 2023.
Language English
Downloads
Oratietekst (Final published version)
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