Green innovation is an essential strategy for businesses to gain a competitive edge and
attain long-term sustainable growth. It does, however, often run into money problems. The …

Despite growing interest in workplace democracy, the question whether nonworker
stakeholders, like suppliers and local communities, warrant inclusion in the governance of …

This paper examines major forces that have decoupled economic and business prosperity
from social prosperity and explores how recoupling can be promoted. Economists have …

Externalities happen largely in the private sector and cannot be fully separated from
production decisions. Decision-making in companies thus co-determines the degree of …

Ferreras's bicameral governance proposal for the corporation contributes to a recent wave of
interest in democratizing the workplace. In this article, I connect this to a related ongoing …

In response to the Covid-19 pandemic, governments around the world have provided a
massive fiscal and monetary stimulus. While this policy is welcome in the short run, it does …

Shareholders want a firm's objective function to place some weight on consumer welfare,
motivated by both self-interest and altruism. Firms have a unique technology for improving …

Dewatripont and Tirole (2024) defend the morality of markets on the ground of an
irrelevance result: the social production of moral actions is independent from competitive …

This paper examines the unintended consequences of the rapid growth of markets for
ethically labeled goods such as “organic” or “child-labor-free”, using a model of voluntary …

The view that corporations have a wider focus than just maximising shareholder value has
received considerable attention from practitioners, managers, and academics alike. We …