Business ethics and social responsibility Books

Book Synopsis'A wake-up call ... fascinating' Scott Galloway, author of The Four'Please read this' Jaron Lanier, author of Ten Arguments For Deleting Your Social Media From the author of Move Fast and Break Things comes a withering takedown of four billionaires (from Andreessen to Zuckerberg) who are selling us fantasies while the world burns.At a time when multiple crises are compounding to create epic inequality, four billionaires are hyping schemes that are designed to divert our attention away from issues that really matter. Each scheme - from the metaverse to cryptocurrency, space travel and transhumanism - is an existential threat in moral, political, and economic terms.In The End of Reality¸ Jonathan Taplin shines a light on the enormous cultural power of Peter Thiel, Elon Musk, Mark Zuckerberg, and Marc Andreessen, questioning whether we want our society to be run by people who receive blood transfusions to stay young. Will we really want our children anywhere near the metaverse? Do we trust Musk to rule over Mars?Tech monopolies have hollowed out the middle class and brought unbounded public acrimony. Meanwhile, enormous amounts of taxpayer money are funnelled into dystopian ventures, the benefits of which accrue to billionaires. The End of Reality is both a scathing critique of the warped worldview of a tiny minority and a vision of a truly regenerative economics to build a sustainable society with healthy growth and full employment.Trade ReviewTech culture has to improve for the sake of humanity, and that's not going to happen without critiques like The End of Reality. Please take the time to read this carefully, especially if you are sure it must be wrong. -- Jaron Lanier, author of Ten Arguments For Deleting Your Social Media Accounts Right NowA wake-up call as to what happens when a society elevates people who don't have the public's best interests in mind. Taplin has a gift for storytelling that turns the bitter pill (reality check) into a fascinating read. -- Scott Galloway, bestselling author of AdriftPersuasive and insightful, this cutting portrait of America's slide toward oligarchy hits home. -- starred review * Publisher's Weekly *For those who profit from our polarization, isolation, and extremism, a failed democracy is not a bug but a feature. The End of Reality is an urgent warning about the concentration of power and privilege, an alarm that seeks to break through the captivating distractions of our age. -- Beto O’Rourke[Written] with eloquence and conviction... His great virtue as a writer is his humanity, an ability to clearly and elegantly state the case. The persuasive way Taplin builds his arguments, and the direct, uncompromising conclusions he draws, are what make this book so valuable. The End of Reality weaves together an ambitious and far-reaching critique of "our culture of escape from reality".' * Irish Independent *Scathing but humane... It's Taplin's contention that through their brain-dead ventures, they are avoiding reality - and would have us follow them... I found his pessimism strangely invigorating... A rousing rallying cry to resist the technocrats. * Business Post *

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Book SynopsisA behind-the-scenes look at how corporate and financial actors enforce a business-friendly approach to global sustainabilityIn recent years, companies have felt the pressure to be transparent about their environmental impact. Large documents containing summaries of yearly emissions rates, carbon output, and utilized resources are shared on companies' social media pages, websites, and employee briefings in a bid for public confidence in corporate responsibility.And yet, Matthew Archer argues, these metrics are often just hollow symbols. Unsustainable contends with the world of big banks and multinational corporations, where sustainability begins and ends with measuring and reporting. Drawing on five years of research among sustainability professionals in the US and Europe, Unsustainable shows how this depoliticizing tendency to frame sustainability as a technical issue enhances and obscures corporate power while doing little, if anything, to address tTrade ReviewDeftly shows how expanding quantification practices around corporate sustainability are serving to perpetuate rather than seriously challenge the role of corporations in causing climate change. -- Marina Welker, Cornell UniversityEngagingly written and featuring an impressive breadth of research, Unsustainable offers a critical ethnography of corporate sustainability practices, challenging businesses (and the rest of us) to reckon with what we mean by `sustainability’ and how we think we can measure and manage it. -- Andrew Orta, Author of Making Global MBAs: The Culture of Business and the Business of Culture.Blows open the disguises of sustainability discourse and corporate sustainability metrics, taking readers on an important journey to demonstrate the ways that politics of sustainability matters. In a world of climate crises, the marketization of sustainability and the outsized influence of corporations in everyday life, ecosystems, and the planet itself, Unsustainable is a necessary book and a tool to help confront systems that perpetuate the problems. -- Farhana Sultana, Syracuse University

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Book SynopsisCorporations dominate our worlds. They employ us, sell to us and influence how we think and who we vote for. All aspects of this relationship are explored, from an historical analysis of the spread of capitalism to the regulation, ethics and exclusionary implications of business in contemporary society. The book also examines how corporate power and capitalism might be resisted and outlines a range of alternatives, from the social economy through to new forms of open access or commons ownership. This second edition includes new chapters that explore how global crises such as the Covid-19 pandemic and the climate emergency have exposed tensions within and among national business systems. It also addresses the need for new ways of holding business accountable in the era of digital platforms like Facebook, Google and Amazon, which use algorithmic personalization to exert private control over the infrastructure of our societies.Trade ReviewBeing critical of business is not the same as being against business. It is clear that contemporary capitalism is producing climate change, ecological destruction and massive inequalities. If you want a book that shows you how we got here, and what to do about it, begin with this excellent guide. * Martin Parker, University of Bristol, UK *Business and Society stands out for its refreshingly critical take on corporate capitalism's history, nature, and political economy. As insightful as it is comprehensive, this is a must read for students of today’s globalized corporate capitalism and the role that corporations play within it. * Joel Bakan, author of The New Corporation: How ‘Good’ Corporations are Bad for Democracy *Table of Contents1. A critical introduction to business and society Kean Birch, Audrey Laurin-Lamothe and Sonya Marie Scott 2. The emergence of capitalism in Western Europe Mark Peacock 3. The spread of capitalism Kean Birch and Caroline Shenaz Hossein 4. Markets and economic order Mark Peacock 5. Economics, capitalism and business : the orthodoxy Sonya Marie Scott and Mark Peacock 6. Political economy and critiques of capitalism : heterodox perspectives Sonya Marie Scott 7. The corporate revolution Kean Birch and John Simoulidis 8. Corporate governance Alberto Salazar 9. Corporate responsibility Kean Birch 10. Corporate power Kean Birch 11. Corporations and financialization Audrey Laurin-Lamothe and Richard Wellen 12. Corporations and market power in the 21st century John Simoulidis 13. Global economy and varieties of capitalism Kean Birch and Richard Wellen 14. Global governance Kean Birch and Richard Wellen 15. Global migration and immigrant-led business Salewa Olawoye-Mann 16. Global environmental change Kean Birch 17. Global disorders and crises Sonya Marie Scott 18. Business, regulation and policy Richard Wellen and Alberto Salazar 19. Ethics and business Mark Peacock, Richard Wellen and Kean Birch 20. Business and social exclusion Caroline Shenaz Hossein 21. Resistance and alternatives to corporate capitalism Kean Birch and John Simoulidis 22. Social and solidarity economy Caroline Shenaz Hossein 23. From sharing economy to surveillance capitalism Richard Wellen, Kean Birch, Salewa Olawoye-Mann 24. Conclusion Richard Wellen and Sonya Marie Scott

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Book Synopsis''Manual for success'' The AthleticWith an opening chapter by Sir Jim RatcliffeTo mark the 25th Anniversary of the founding of INEOS in 1998, seven leading specialist authors explore the main strands of INEOS''s business, including its core chemical business to its ventures into sport, automotive, consumer goods, sustainability, next generation and philanthropy.* Dominic O''Connell on INEOS'' core petrochemicals and energy business* Patrick Barclay on INEOS''s involvement in sport from the America''s Cup to cycling, athletics to Formula 1 and football* Quentin Willson on the building of the Grenadier from scratch in response to the demise of the Land Rover Defender* Steph McGovern on INEOS'' move into the consumer goods sector with brands such as Belstaff and INEOS Hygienics, so vital during the pandemic* Sean Keach on INEOS'' journey to Net Zero and sustainable investment* Lord Sebastian CoeTrade ReviewThe book tells us more about why Ratcliffe wants to buy Manchester United, how he would fund it and what an INEOS-run United would look like than anything produced in the past eight months of best-intentioned guesswork. * The Athletic *

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Book SynopsisCompliance has become key to our contemporary markets, societies, and modes of governance across a variety of public and private domains. While this has stimulated a rich body of empirical and practical expertise on compliance, thus far, there has been no comprehensive understanding of what compliance is or how it influences various fields and sectors. The academic knowledge of compliance has remained siloed along different disciplinary domains, regulatory and legal spheres, and mechanisms and interventions. This handbook bridges these divides to provide the first one-stop overview of what compliance is, how we can best study it, and the core mechanisms that shape it. Written by leading experts, chapters offer perspectives from across law, regulatory studies, management science, criminology, economics, sociology, and psychology. This volume is the definitive and comprehensive account of compliance.Trade Review'This Handbook is an indispensable resource for academics and practitioners interested in compliance and ethics. The book assembles an impressive array of leading experts who tackle critical issues from a variety of perspectives. It is essential reading for those interested in controlling organizational misconduct.' Jennifer Arlen, New York University School of Law, editor of The Research Handbook on Corporate Crime and Financial Misdealing'This Handbook is a gold mine for those serious about comprehending the complexities of compliance in building more effective governance and more decent, less dominating, societies.' John Braithwaite, RegNet, Australia National University, author of Responsive Regulation and Crime, Shame and Integration'It turns out there is a solid 'science of compliance,' and it is represented instructively in this thoroughgoing volume.' Robert Cialdini, Psychology and Marketing, Arizona State University, author of Influence and Pre-suasion'Students, scholars and policy makers have good reason to be grateful to van Rooij and Sokol for assembling in one place so much of what needs to be known about regulation. This rich panoply of paradigms and perspectives collects outstanding work with which to understand the persistent struggle to move beyond ceremonial compliance and actually align performance with legally mandated requirements.' Susan S. Silbey, Sociology and Anthropology, Sloan School of Management, MIT, author of The Common Place of Law'Utilizing a broad brush in thinking about compliance, van Rooij and Sokol have brought together an interdisciplinary who's who of thought leaders who tackle essential issues of conceptualization, operationalization and measurement, and the mechanisms that shape compliance.' Sally S. Simpson, Criminology and Criminal Justice, University of Maryland, author of Corporate Crime, Law, and Social Control'This sweeping book is an invaluable compendium of key insights gleaned from hundreds of studies on all aspects of compliance. Tapping into scholarship from a wide array of domains, the authors strip away disciplinary jargon and provide structure to enable readers of all backgrounds to learn how government and private-sector rules are established, monitored, and enforced.' Michael Toffel, Technology and Operations Management, Harvard Business SchoolTable of ContentsPart I. Compliance Concepts and Approaches; Part II. Deterrence and Incapacitation; Part III. Incentives; Part IV. Legitimacy and Social Norms; Part V. Capacity and Opportunity; Part VI. Compliance and Cognition; Part VII. Management and Organizational Processes; Part VIII. Measuring and Evaluating Compliance; Part IX. Analysis of Particular Fields.

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Book SynopsisTrade Review‘Teaching Business and Human Rights covers a broad range of foundational topics as well as special thematic issues. It contains accessible contributions from leading scholars and practitioners. I have no doubt that this book will be a valuable resource for anyone teaching business and human rights at universities or in other settings.’ -- Surya Deva, Macquarie University, Australia‘Anthony Ewing is unquestionably one of the pioneers of the modern business and human rights movement, having taught many of the leading figures in the field. Teaching Business and Human Rights is the culmination of decades of experience in the classroom and in the field, with original contributions from distinguished experts and rising stars. The book contains throughout a masterful combination of intellectual rigor with practical, on the ground, insights and case studies. Students and teachers alike will find it a pleasure to use in the classroom.’ -- Michael A. Santoro, Santa Clara University, US, Co-Founder, Business and Human Rights JournalTable of ContentsContents: 1 Introduction to Teaching Business and Human Rights 1 Anthony Ewing PART I FOUNDATIONAL TOPICS 2 Corporate responsibility 13 Florian Wettstein 3 Human rights 26 Anthony Ewing 4 Labor rights 43 Angela B. Cornell 5 The United Nations Guiding Principles on Business and Human Rights 58 Anthony Ewing 6 Right to remedy 74 Lisa J. Laplante PART II BUSINESS PRACTICE 7 Corporations 88 Jena Martin 8 Human rights due diligence 100 Robert McCorquodale and Daria Davitti 9 Human rights impact assessment 113 Mark Wielga 10 Non-governmental human rights grievance mechanisms 129 Mark Wielga PART III CORPORATE ACCOUNTABILITY 11 Mandatory human rights due diligence 144 Claire Bright and Nicolas Bueno 12 Judicial remedy 160 Rachel Chambers 13 The Alien Tort Statute 176 Anthony Ewing 14 Complicity 187 Anthony Ewing 15 The OECD National Contact Point Mechanism 203 Elizabeth Umlas 16 Multistakeholder human rights initiatives 218 Dorothée Baumann-Pauly and Michael Posner 17 Business and human rights in the Inter-American System 229 Humberto Cantú Rivera PART IV KEY ISSUES 18 Modern slavery in supply chains 243 Justine Nolan 19 Human rights and the environment 263 Sara L. Seck 20 Land rights 278 Mina Manuchehri and Beth Roberts 21 Rights of Indigenous Peoples 292 Kendyl Salcito 22 The right to food 310 Uché Ewelukwa Ofodile 23 The right to water 324 Uché Ewelukwa Ofodile 24 Technology and human rights 339 Faris Natour and Roger McElrath 25 Engineering for human rights 352 Shareen Hertel, Davis Chacon Hurtado, and Sandra Sirota 26 Finance, investors, and human rights 364 Erika George and Ariel Meyerstein 27 Accounting for human rights 383 John Ferguson 28 Mega-sporting events and human rights 396 Daniela Heerdt 29 Trade and human rights 409 Margaret E. Roggensack and Eric R. Biel 30 Business and conflict 423 Salil Tripathi Bibliography 441 Index

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Book SynopsisTable of ContentsPreface xxxix Acknowlegements xli About the Authors xlv Part 1 Ethics Regulations and ESG Chapter 1 Asset Manager Code 3 1.1 General Principles of Conduct 3 1.2 Asset Manager Code 3 1.3 Notification of Compliance 5 1.4 Additional Guidance for the Asset Manager Code 6 Chapter 2 Recommendations and Guidance 11 Chapter 3 Global Regulation 27 3.1 Overview of Financial Market Regulation 27 3.2 Regulation of Alternative Investments Within the United States 28 3.3 Alternative Investment Regulation in Europe 38 3.4 Hedge Fund Regulation in Asia 45 Chapter 4 ESG and Alternative Investments 49 4.1 Background on ESG and Alternative Investing 49 4.2 ESG and Real Assets: Natural Resources 51 4.3 ESG and Real Assets: Commodities 53 4.4 ESG and Real Assets: Real Estate 55 4.5 ESG and Hedge Funds 61 4.6 ESG and Private Equity 66 Chapter 5 ESG Analysis and Application 71 5.1 Background on ESG 71 5.2 ESG Ratings and Scores 73 5.3 ESG Materiality and Disclosure 74 5.4 The United Nations Role in ESG Issues 76 5.5 ESG Fiduciary Responsibilities and Regulation 78 5.6 Methods of ESG Investing 80 5.7 Market-Based Methods of Addressing ESG Issues 85 5.8 ESG and Special Investment Consideration 87 Part 2 Models Chapter 6 Modeling Overview and Interest Rate Models 93 6.1 Types of Models Underlying Investment Strategies 93 6.2 Equilibrium Fixed-Income Models 96 6.3 Arbitrage-Free Models of the Term Structure 99 6.4 The Black–Derman–Toy Model 100 6.5 P-Measures and Q-Measures 103 Chapter 7 Credit Risk Models 105 7.1 The Economics of Credit Risk 105 7.2 Overview of Credit Risk Modeling 109 7.3 The Merton Model 110 7.4 Other Structural Models: KMV 117 7.5 Reduced-Form Models 120 7.6 Empirical Credit Models 123 Chapter 8 Multi-Factor Equity Pricing Models 127 8.1 Multi-Factor Asset Pricing Models 127 8.2 FAMA–French Models 131 8.3 Three Challenges of Empirical Multi-Factor Models 133 8.4 Factor Investing 135 8.5 The Adaptive Markets Hypothesis 141 8.6 Time-Varying Volatility 142 8.7 Stochastic Discount Factors 143 8.8 Summary of Multiple-Factor Asset Allocation 145 Chapter 9 Asset Allocation Processes and the Mean-Variance Model 147 9.1 Asset Allocation Processes and the Mean-Variance Model 147 9.2 Implementation of Mean-Variance Optimization 155 9.3 Mean-Variance Optimization with Multiple Risky Assets 160 9.4 Mean-Variance Optimization and Hurdle Rates 162 9.5 Issues in Using Optimization for Portfolio Selection 163 9.6 Adjustment of the Mean-Variance Approach for Illiquidity 166 9.7 Adjustment of the Mean-Variance Approach for Factor Exposure 168 9.8 Mitigating Estimation Error Risk in Mean-Variance Optimization 168 Chapter 10 Other Asset Allocation Approaches 175 10.1 The Core–Satellite Approach 175 10.2 Top-Down and Bottom-Up Asset Allocation Approaches 176 10.3 Risk Budgeting 178 10.4 A Factor-Based Example of Implementing A Risk Budgeting Approach 181 10.5 Risk Parity 183 10.6 Other Quantitative Portfolio Allocation Strategies 189 10.7 The New Investment Model 193 Part 3 Institutional Asset Owners and Investment Policies Chapter 11 Types of Asset Owners and the Investment Policy Statement 197 11.1 Endowments and Foundations 197 11.2 Pension Funds 198 11.3 Sovereign Wealth Funds 199 11.4 Family Offices 199 11.5 Strategic Asset Allocation: Risk and Return 199 11.6 Asset Allocation Objectives 202 11.7 Investment Policy Constraints 202 11.8 Investment Policy Statements for Institutional Asset Owners 204 Chapter 12 Foundations and the Endowment Model 221 12.1 Defining Endowments and Foundations 221 12.2 Intergenerational Equity, Inflation, and Spending Challenges 224 12.3 The Endowment Model 226 12.4 Why Might Large Endowments Outperform? 228 12.5 Risks of the Endowment Model 234 12.6 Liquidity Rebalancing and Tactical Asset Allocation 239 12.7 Tail Risk 240 12.8 Conclusion 242 Chapter 13 Pension Fund Portfolio Management 245 13.1 Development, Motivations, and Types of Pension Plans 245 13.2 Risk Tolerance and Asset Allocation 247 13.3 Defined Benefit Plans 251 13.4 Governmental Social Security Plans 258 13.5 Contrasting Defined Benefit and Contribution Plans 259 13.6 Annuities for Retirement Income 262 13.7 Conclusion 266 Chapter 14 Sovereign Wealth Funds 269 14.1 Sources of Sovereign Wealth 269 14.2 Four Types of Sovereign Wealth Funds 272 14.3 Establishment and Management of Sovereign Wealth Funds 274 14.4 Governance and Political Risks of SWFs 277 14.5 Analysis of Three Sovereign Wealth Funds 279 14.6 Conclusion 282 Chapter 15 Family Offices and the Family Office Model 285 15.1 Identifying Family Offices 285 15.2 Goals, Benefits, and Business Models of Family Offices 286 15.3 Family Office Goals by Generations 290 15.4 Macroeconomic Exposures of Family Offices 295 15.5 Income Taxes of Family Offices 297 15.6 Lifestyle Assets of Family Offices 300 15.7 Family Office Governance 304 15.8 Charity, Philanthropy, and Impact Investing 307 15.9 Ten Competitive Advantages of Family Offices 310 Part 4 Risk and Risk Management Chapter 16 Cases in Tail Risk 315 16.1 Problems Driven by Market Losses 315 16.2 Trading Technology and Financial Crises 324 16.3 Failures Driven by Fraud 326 16.4 Four Major lessons From cases in Tail Events 334 Chapter 17 Benchmarking and Performance Attribution 337 17.1 Benchmarking and Performance Attribution Overview 337 17.2 Single-Factor Benchmarking and Performance Attribution 340 17.3 Multi-Factor Benchmarking 344 17.4 Distinctions Regarding Alternative Asset Benchmarking 346 17.5 Benchmarking of Commodities 348 17.6 Three Approaches to Benchmarking Managed Futures Funds 351 17.7 Benchmarking Private Equity Funds 352 17.8 Group Peer Returns as Benchmarks 357 17.9 Benchmarking Real Estate 358 Chapter 18 Liquidity and Funding Risks 363 18.1 Margin Accounts and Collateral Management 363 18.2 Value at Risk for Managed Futures 367 18.3 Other Methods of Estimating Liquidity Needs 369 18.4 Smoothed Returns on Illiquid Funds 373 18.5 Modeling Price and Return Smoothing 375 18.6 Unsmoothing a Hypothetical Return Series 378 18.7 Unsmoothing Actual Real Estate Return Data 380 Chapter 19 Hedging, Rebalancing, and Monitoring 389 19.1 Managing Alpha and Systematic Risk 389 19.2 Managing the Risk of a Portfolio with Options 391 19.3 Delta-Hedging of Option Positions 394 19.4 Three Key Observations on Delta-Hedging 399 19.5 Three Observations on Rebalancing Delta-Neutral Option Portfolios 400 19.6 Rebalancing Portfolios with Directional Exposures 401 19.7 Mean-Reversion and Diversification Return 407 19.8 Investment Monitoring 409 Chapter 20 Risk Measurement, Risk Management, and Risk Systems 413 20.1 Overview of Risk Measurement and Aggregation 413 20.2 Categories of Information to be Considered 422 20.3 Risk Measurement with Daily Frequency of Data Collection 424 20.4 Risk Measurement with Weekly Frequency of Data Collection 425 20.5 Risk Measurement with Monthly Frequency of Data Collection 426 20.6 Risk Measurement with Quarterly Frequency of Data Collection 427 20.7 Risk Measurement with Annual Frequency of Data Collection or Rolling Time Periods 427 20.8 Cybersecurity for Fund Managers 429 20.9 Risk Management Structure and Process 432 Part 5 Methods for Alternative Investing Chapter 21 Valuation and Hedging Using Binomial Trees 439 21.1 A One-Period Binomial Tree and Risk-Neutral Modeling 439 21.2 Multi-Period Binomial Trees, Values, and Mean Rates 442 21.3 Valuation of Convertible Securities with a Binomial Tree Model 445 21.4 Valuing Callable Bonds with a Tree Model 452 21.5 Tree Models, Visualization, and Two Benefits to Spreadsheets 458 Chapter 22 Directional Strategies and Methods 459 22.1 Efficiently Inefficient Markets 459 22.2 Technical Directional Strategies Overview 460 22.3 Fundamental Directional Strategies 467 22.4 Directional Strategies and Behavioral Finance 473 22.5 Directional Trading and Factors 476 Chapter 23 Multivariate Empirical Methods and Performance Persistence 479 23.1 Statistical Factors and Principal Component Analysis 479 23.2 Multi-Factor Models and Regression 483 23.3 Partial Autocorrelations and Regression 485 23.4 Three Dynamic Risk Exposure Models 487 23.5 Two Approaches to Modeling Changing Correlation 489 23.6 Four Multi-Factor Approaches to Understanding Returns 493 23.7 Evidence on Fund Performance Persistence 496 Chapter 24 Relative Value Methods 499 24.1 Overview of Relative Value Methods 499 24.2 Types of Pairs Trading and the Four Typical Steps 502 24.3 Statistical Pairs Trading of Equities 503 24.4 Pairs Trading in Commodity Markets Based on Spreads 506 Chapter 25 Valuation Methods for Private Assets: The Case of Real Estate 519 25.1 Depreciation Tax Shields 519 25.2 Deferral of Taxation of Gains 522 25.3 Comparing After-Tax Returns for Various Taxation Scenarios 524 25.4 Transaction-Based Indices: Repeat-Sales 529 25.5 Transaction-Based Indices: Hedonic 532 25.6 Sample Bias and the Repeat-Sales and Hedonic-Price Methods 535 25.7 Appraisal-Based Indices 536 25.8 Noisy Pricing 537 Part 6 Accessing Alternative Investments Chapter 26 Hedge Fund Replication 543 26.1 An Overview of Replication Products 543 26.2 Potential Benefits of Replication Products 544 26.3 The Case for Hedge Fund Replication 545 26.4 Unique Benefits of Replication Products 549 26.5 Factor-Based Approach to Replication 552 26.6 The Algorithmic (Bottom-Up) Approach 558 26.7 Three Illustrations of the Algorithmic (Bottom-Up) Approach 558 Chapter 27 Diversified Access to Hedge Funds 565 27.1 Evidence Regarding Hedge Fund Risk and Returns 565 27.2 Approaches to Accessing Hedge Funds 569 27.3 Characteristics of Funds of Hedge Funds 573 27.4 Fund of Hedge Funds Portfolio Construction 577 27.5 Ways that Funds of Hedge Funds Can Add Value 580 27.6 Investable Hedge Fund Indices 584 27.7 Alternative Mutual Funds 585 Chapter 28 Access to Real Estate and Commodities 589 28.1 Unlisted Real Estate Funds 589 28.2 Listed Real Estate Funds 594 28.3 Commodities 598 28.4 Commodity Trade Financing and Production Financing 606 28.5 Leveraged and Option-Based Structured Commodity Exposures 606 28.6 Key Concepts in Managing Commodity Exposure 609 Chapter 29 Access Through Private Structures 613 29.1 Overview of Issues in Private Versus Listed Investment Access 613 29.2 Unlisted Manager–Investor Relationships 616 29.3 Side Letters to Limited Partnership Agreements 619 29.4 Co-Investments 621 29.5 Cash Commitments and Illiquidity 626 29.6 The Secondary Market for PE Partnerships 629 Chapter 30 The Risk and Performance of Private and Listed Assets 637 30.1 Evidence on an Illiquidity Premium from Listed Assets 637 30.2 Private Versus Listed Real Performance: The Case of Real Estate 639 30.3 Challenges with the PME Method to Evaluating Private Asset Performance 641 30.4 Multiple Evaluation Tools 648 30.5 IRR Aggregation Problems for Portfolios 653 30.6 The Case Against Private Equity 657 30.7 Two Propositions Regarding Access Through Private Versus Listed Structures 658 Part 7 Due Diligence & Selecting Managers Chapter 31 Active Management and New Investments 663 31.1 Tactical Asset Allocation 663 31.2 The Fundamental Law of Active Management 664 31.3 Costs of Actively Reallocating Across Alternative Investments 667 31.4 Keys to a Successful Tactical Asset Allocation Process 670 31.5 Adjusting Exposures to Illiquid Partnerships 674 31.6 The Secondary Market for PE LP Interests 676 Chapter 32 Selection of a Fund Manager 683 32.1 The Importance of Fund Selection Across Managers Through Time 683 32.2 The Relationship Life Cycle Between LPs and GPs 683 32.3 Fund Return Persistence 688 32.4 Moral Hazard, Adverse Selection, and the Holdup Problem in Fund Management 694 32.5 Screening with Fundamental Questions 694 32.6 Historical Performance Review 698 32.7 Manager Selection and Deal Sourcing 703 32.8 Fund Culture 705 32.9 Decision-Making and Commitment and Manager Selection 706 Chapter 33 Investment Process Due Diligence 709 33.1 Overview of Investment Due Diligence 709 33.2 The Investment Strategy or Mandate 712 33.3 The Investment Implementation Process and its Risks 715 33.4 Asset Custody and Valuation 717 33.5 Risk Alert’s One Advantage and Six Observations on Third-Party Information 723 33.6 Portfolio Risk Review 725 33.7 Four Warning Indicators and Awareness Signals Regarding Investments 729 33.8 Four Warning Indicators and Awareness Signals Regarding Risk Management 729 Chapter 34 Operational Due Diligence 731 34.1 Operations: Overview, Risks, and Remedies 731 34.2 Four Key Operational Activities 735 34.3 Analyzing Fund Cash Management and Movement 737 34.4 Analyzing External Parties and Checking Principals 739 34.5 Analyzing Fund Compliance 743 34.6 Onsite Manager Visits 747 34.7 Elements and Key Concerns of the Odd Process 748 34.8 Information Technology and Meta Risks 749 34.9 Funding, Applying, and Concluding ODD 750 Chapter 35 Due Diligence of Terms and Business Activities 755 35.1 Due Diligence Document Collection Process 755 35.2 Fund Governance 757 35.3 Structural Review of the Fund And Fund Manager 758 35.4 Terms for Liquid Private Funds 761 35.5 Terms for Illiquid Private Funds 763 35.6 General Terms for Private Funds 764 35.7 Private Placement Memorandum (PPM) 765 35.8 Fund Fees and Expenses 769 35.9 Private Fund Audited Financial Statement Review 771 35.10 Business Activities, Continuity Planning, Disaster Recovery, and Insurance 773 Part 8 Volatility and Complex Strategies Chapter 36 Volatility as a Factor Exposure 779 36.1 Measures of Volatility 779 36.2 Volatility and the Vegas, Gammas, and Thetas of Options 781 36.3 Exposures to Volatility as a Factor 785 36.4 Modeling Volatility Processes 791 36.5 Implied Volatility Structures 794 Chapter 37 Volatility, Correlation, and Dispersion Products and Strategies 799 37.1 Common Option Strategies and their Volatility Exposures 799 37.2 Volatility and Delta-Neutral Portfolios with Options 803 37.3 Advanced Option-Based Volatility Strategies 805 37.4 Variance-Based and Volatility-Based Derivative Products 807 37.5 Correlation Swaps 815 37.6 Dispersion Trades 818 37.7 Summary and Common Themes of Volatility, Correlation, and Dispersion Trading 819 Chapter 38 Complexity and Structured Products 825 38.1 Uncertainty, Ambiguity, and Opacity 825 38.2 Asset and Strategy Complexity 827 38.3 Cases in Complexity and Perverse Incentives 828 38.4 Asset-Based Lending 831 38.5 Risks of Asset-Based Loans 836 38.6 Asset-Backed Securities 838 Chapter 39 Insurance-Linked Products and Hybrid Securities 845 39.1 Nonlife ILS: Catastrophe Bonds 845 39.2 Four Trigger Types of Cat Bonds 847 39.3 Cat Bond Valuation, Performance, and Drawbacks 849 39.4 Longevity and Mortality Risk-Related Products 852 39.5 Life Insurance Settlements 855 39.6 Overview of Viatical Settlements 857 39.7 Hybrid Products: Mezzanine Debt 859 Chapter 40 Complexity and the Case of Cross-Border Real Estate Investing 865 40.1 Traditional View of Currency-Hedging for Cross-Border Real Estate Investing 865 40.2 Fundamentals of Currency Risk And Hedging in Perfect Markets 870 40.3 Currency Risk and Hedging of Alternative Investments 873 40.4 Accessing Foreign Assets with Futures and Quanto Futures 876 40.5 Overview of International Real Estate Investing 879 40.6 Heterogenous Investment Taxation Across Jurisdictions 881 40.7 Challenges to International Real Estate Investing 882 Index 887

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Book SynopsisWhy do we decide that parts of our built environment are worth the special attention that heritage designation brings? How can the character of conservation areas and other historic places continue to evolve to provide new housing, release their economic potential and enhance communities? What are the principles to understand when judging the impact of new development or alterations to our significant heritage assets? And what about the future of conservation? In seeking to answer such questions, this book provides a grounding for planners and other related professionals in the key concepts associated with conservation and how to apply them in practice. It begins by setting out the values and principles that underpin the current conservation-planning systems, explaining their historic context and evolution and critically examining these systems and possible counter approaches. Illustrated by a wide range of examples of historic and modern buildings, conservation areas, world heritage sites, parks and gardens, it then focuses upon decision-making and the management of change. It discusses how the conservation of the historic environment has become increasingly linked to other social and economic policy objectives before identifying key lessons and implications for future policy development and planning practice.Trade Review'a valuable starting reference for non-specialist planners, other related professions, students and any member of the public who might be trying to grasp an understanding of decision-making, or indeed toinfluence the (sometimes seemingly illogical) decisions and recommendations made by heritage professionals.' – Context magazine (from the Institute of Historic Building Conservation)Table of Contents1. Introduction; 2. Theories; 3. Principles of research, analysis and management; 4. Managing change: buildings; 5. Managing change: areas; 6. Conserving non-traditional environments: the heritage of modernity; 7. Conservation and impact; 8. Conservation and the Future

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Book SynopsisA collection covering all aspects of ethics in the work of science communication, for scientists and communications professionals alike.Trade Review"There is a glaring absence of scholarship on the ethics of science communication, and an urgent need for resources such as this volume that offer a critical context on ethics that is both rigorous in its depth and scope, but also accessible and useful to a diversity of readers, including scientists and communication practitioners. This book will instantly and immediately be the leading source on the ethics of science communication."--Matthew Nisbet, Northeastern University and editor-in-chief of "Environmental Communication" "Ethical dimensions of science communication compose an arena vastly underserved by the extant literature. This book does a convincing job of demonstrating that ethical judgments--whether intentional or not--saturate the construction of science messages and then offers a thoughtful and readable portal into the topic. It's about time."--Sharon Dunwoody, University of Wisconsin-Madison "This book richly reminds us that every act of communication requires ethical consideration--and science communication is no exception. The authors draw out ethical principles addressing the obligations owed to readers, sources, and subjects of science communication. Detailed case studies show these principles at work in stories ranging from love drugs to genetic testing and biotechnology, to media coverage of the recovery of an Incan virgin sacrificed to the gods. The editors and authors are helping all science communicators become more reflexive about the complexities of their actions, which in turn increases the capacity for all of us to have deeper conversations about science, science communication, and society."--Bruce V. Lewenstein, Cornell University

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Book SynopsisTrade ReviewFor a long time, the argument over inequality was about whether it was the price that had to be paid for a dynamic economy. In this outstanding book, Heather Boushey…turns this upside down. She shows that, beyond a point, inequality damages the economy by limiting the quantity and quality of human capital and skills, blocking access to opportunity, underfunding public services, facilitating predatory rent-seeking, weakening aggregate demand, and increasing reliance on unsustainable credit. -- Martin Wolf * Financial Times *A timely and very useful guide…Boushey assimilates a great deal of recent economic research and argues that it amounts to a paradigm shift. * New Yorker *In Unbound Heather Boushey presents the strongest documentation I have seen for the many ways in which inequality is harmful to economic growth. Anyone interested in just about any aspect of economic policy, from education to antitrust to macroeconomics, will learn something from this important book. -- Jason Furman, former Chairman of the Council of Economic AdvisersThink rising levels of inequality are just an inevitable outcome of our market-driven economy? Then you should read Boushey’s well-argued, well-documented explanation of why you’re wrong. -- David Rotman * MIT Technology Review *From one of Washington’s most influential voices on economic…a lively and original argument that reducing inequality is not only fair but also key to delivering broadly shared economic growth and stability. -- Beth Kanter * Omidyar Network *Brilliant…Boushey connects [the] dots in a remarkable and refreshing manner. Even for people who have studied the issue, the links and specific policy issues she identifies are illuminating…It is an important cautionary tale: we get the inequality that we choose, regardless of whether we are aware that we are making a choice. -- Simon Johnson * Project Syndicate *Offer[s] up an almost encyclopedic rendition of inequality’s impact on the U.S. economy…The depth of evidence that Boushey compiles is extremely impressive. -- Liam Kennedy * LSE Review of Books *Lays out a powerful argument on how inequality harms growth, competition, and innovation. * ProMarket *A rising tide used to lift all boats, but decades of rising economic inequality and wage stagnation have changed that. In Unbound Heather Boushey provides a clear and compelling analysis of the many ways income and wealth inequality limits our economic potential, drawing important lessons from cutting-edge economic research. An invaluable addition to current economic policy debates, Unbound is a must-read for those striving for inclusive economic growth. -- Kimberly Clausing, author of Open: The Progressive Case for Free Trade, Immigration, and Global CapitalCopies of this book should be mailed to every legislator in the country. It is a powerful summary of an enormous amount of the latest and best economics research on inequality, presented clearly and explained with accessible prose. -- Suresh Naidu, Columbia UniversityThere is a strange gap: a discipline like economics, which aims at achieving the greatest good for the greatest number, ought to have long ago focused on how costly inequality is for all—or almost all—of us. But no. Now, Boushey’s Unbound expertly fills that gap. -- J. Bradford DeLong, University of California, BerkeleyA comprehensive and bracing view of how a new generation of economists are rethinking one of the most fundamental social problems facing societies around the world: inequality. Heather Boushey offers a road map for policies that can lead to a more equitable and just society and underscores the need for bold thinking on political economy. -- David Weil, Dean and Professor, Heller School for Social Policy and Management, Brandeis UniversityPiercing. -- Richard Eisenberg * Next Avenue *

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Book SynopsisCorporate social responsibility has been defined as ''the responsibility of enterprises for their impacts on society''. Is Corporate Social Responsibility (CSR) just window dressing or is it a contradiction in terms? In this Very Short Introduction, Jeremy Moon shows that CSR holds much more value than it first appears, and shows how it has come of age in recent years. Illustrating the sorts of CSR investments companies make, the ways in which they practice CSR, and the challenges this brings, Moon considers how the principles migrated from their US roots to become a global business phenomenon. Exploring the place of CSR in different economic, social, political, and managerial contexts, this short guide considers the many positives, but also challenges, that CSR can present for companies, societies, and governments worldwide. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.Table of Contents1. An idea whose time has come ; 2. The company level ; 3. National and international developments ; 4. The socialization of markets ; 5. CSR and new governance ; 6. Critical perspectives ; 7. Prospects and reflections ; Further reading ; Index

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Book SynopsisSince the Global Financial Crisis, a surge of interest in the use of finance as a tool to address social and economic problems suggests the potential for a generational shift in how the finance industry operates and is perceived. J. C. de Swaan seeks to channel the forces of well-intentioned finance professionals to improve finance from within and help restore its focus on serving society. Drawing from inspiring individuals in the field, de Swaan proposes a framework for pursuing a viable career in finance while benefiting society and upholding humanistic values. In doing so, he challenges traditional concepts of success in the industry. This will also engage readers outside of finance who are concerned about the industry''s impact on society.Trade Review“In his unique and important book, JC de Swaan applies Aristotle's virtue ethics to modern finance. The result is a highly sophisticated account of how the finance industry contributes both good and ill to the economy and society. De Swaan knows the evidence, and presents it with care, objectivity, and moral purpose – to help make modern finance a force for good in the world. Kudos for a major contribution to the debate on reforming business for the common good.' Jeffrey D. Sachs, University Professor at Columbia University, New York and Director of the United Nations Sustainable Development Solutions Network'The words 'virtue' and 'finance' do not often appear in the same sentence – unless there is a negative in between them. Finance has earned its bad name. This remarkably original book points would-be financiers in a starkly different direction. Through both general principles and specific examples, JC de Swaan shows how the twain can – and should – meet, how the financial industry can become more virtuous and contribute more to society. Every Wall Street executive should read this book.' Alan S. Blinder, Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, Princeton University, New Jersey'JC de Swaan applies the concept of mindfulness to the untilled field of finance in his new book Seeking Virtue in Finance. De Swaan deconstructs the complexity and opacity of the financial industry, laying bare the conflicting and often self-serving incentives that motivate many of its professionals. In doing so, he provides a vocabulary and framework for the next generation of well-intentioned financial leaders to be able to better assess and navigate their way through the industry and advance the common good.' Janet Cowell, CEO, Girls Who Invest'I've been waiting a long time for someone to write this book, and it couldn't come at a better time. JC de Swaan examines how finance careers can be more socially responsible and the industry can add more value to the world. He makes a convincing case that people and companies don't need to be ruthless to be successful.' Adam Grant, New York Times bestselling author of Originals and Give and Take, and host of the chart-topping TED podcast WorkLife'In today's world, it has become all too common for individuals to believe that markets and competition are inconsistent with humanistic values. In Seeking Virtue in Finance, JC de Swaan demonstrates how finance professionals can successfully operate within the industry to improve the collective interests of society through moral character, practical wisdom, and moderation. In doing so, financial professions not only make us better off – they make us better.' Arthur C. Brooks, author of Love Your Enemies; President Emeritus, American Enterprise Institute; and Professor of Practice, Harvard Kennedy School, and Faculty Fellow, Harvard Business School, Massachusetts'A thoughtful book at a very appropriate time. Can the worlds of finance also be worlds of societal good? JC de Swaan explores this idea in a considered but provocative way. Definitely an important read, especially for leaders of financial firms and leaders of financial functions – as well as younger people considering such careers.' D. Ronald Daniel, former Managing Partner, McKinsey and Company'JC de Swaan … has produced a field manual of genuine value to those fearing for their virtue in the moral minefield that is the modern finance industry.' William J. Bernstein, Enterprising Investor'Professor de Swaan hopes to guide his students and others entering careers in finance as to how to behave and which career paths to take so as to lead as virtuous a life as possible under the circumstances … The book is filled with references to empirical studies that measure the impact of various aspects of the finance industry on the lives we all lead. We like the book especially because Professor de Swaan realizes that behavioral ethics with its emphasis on cognitive and other biases helps explain why it is so hard for good people to do the right thing in so many areas of finance.' Robert Prentice, Ethics Unwrapped'A valuable primer … (this book) provides a balanced analysis with multiple examples that make the case for the importance of finance while criticising its many failings.' Andrew Jack, Financial TimesTable of ContentsIntroduction; 1. Customer Mandate: Serving Customers' Interest Faithfully; 2. Social Wealth Creation: Contributing to Society Beyond the Customer Mandate; 3. Humanistic Leadership Within the Organization: Treating Colleagues with Dignity, Empowering Them, and Fostering a Responsible Culture; 4. Engaged Citizenship: Contributing Expertise, Time, and Wealth to the Common Good; Conclusion

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Book SynopsisIf you want to be a successful leader in today's business world, you need to think like an activist. If you want to be a successful leader in today's business world, you need to think like an activist.This urgent and essential book shows how to do just that. The Activist Leader argues that the world needs a new kind of business leader, one that thinks differently about their role in today's challenges. From climate change to inequality, the major crises facing society have become critical issues for business, and the world expects companies to step up.This is a pragmatic book. Jon Miller and Lucy Parker show what it takes to do business in these challenging times, taking a close look at companies such as Apple, Mastercard, Nestle, Maersk, JP Morgan Chase and Walmart.Most people feel powerless when they look at the problems facing the world but if you're a leader in a big business, you're not powerless. Whether you're a top executive or earlier in your working life, this book shows thaTrade Review Praise for The Activist Leader: ‘Today’s challenges require a different kind of leadership that is well embodied this book with some very practical suggestions on how to get there. This indeed is a must read for all current and aspiring leaders’Paul Polman, former CEO, Unilever ‘The Activist Leader captures the essence of what the public around us wants and expects: Business as a force for good, while staying true to what it is – a business, creating value for its shareholders and all relevant stakeholders. The roadmap for this delicate balancing act is still under development and this book, which builds on many specific examples, will serve as an important milestone’Mark Schneider, CEO, Nestlé ‘In order to tackle some of the biggest challenges facing the world today we need to transition to a circular economy. As in all major transformations, this shift requires vision and leadership from the top. The Activist Leader clearly demonstrates how this is not only necessary, but also possible, providing both direction and practical advice on how to lead a business successfully and at the same time actively improve the world we live in’Andrew Morlet, CEO, Ellen MacArthur Foundation

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Book SynopsisA NEW YORK TIMES, WASHINGTON POST, and LOS ANGELES TIMES BESTSELLERESSENTIAL READING.   — JANE GOODALLA CRITICALLY IMPORTANT BOOK.   — JACK WELCHFrom the leader of the nation’s most powerful animal-protection organization comes a frontline account of how conscience and creativity are driving a revolution in American business that is changing forever how we treat animals and create wealth. Wayne Pacelle of the Humane Society of the United States reveals how entrepreneurs, Fortune 500 CEOs, world-class scientists, philanthropists, and a new class of political leaders are driving the burgeoning, unstoppable growth of the “humane economy.”Every business grounded on animal exploitation, Pacelle argues, is ripe for disruption. Indeed each one of us is, and will be, touched by this far-reaching transformation in food and agriculture; in the pharmaceutical, chemical, and cosmetics industries; in film, television, and live entertainment; in tourism and wildlife management; in the pet trade for dogs and cats and exotic wildlife; and in fur and leather fashions. Collectively it promises to relieve or end the suffering of billions of creatures, while allowing businesses aligned with the best instincts and values of their customers to flourish. Pacelle shows, for instance, how the cruelties of industrial chicken farming are quickly becoming obsolete with a visit to Hampton Creek, the makers of a plant-based egg substitute and the world’s fastest-growing food startup ever.  Pacelle also recounts the stories of how established companies are joining in this economic transformation: from Petco and PetSmart, which have turned the conventional pet store model on its head by forswearing puppy mill suppliers in favor of shelter dogs; to John Paul Mitchell Systems, the Body Shop, and Lush, which use safe ingredients instead of animal tests for their cosmetics; to major food retailers like Whole Foods, Chipotle, and even Costco and Walmart, which are embracing animal welfare standards that are one by one unwinding the horrors of the factory farm.The Humane Economy is a clarion call to business leaders and to the world’s growing animal protection movement; it is equally a warning to the static thinking of animal-use industries and their apologists: “Here, in this humane economy,” Pacelle argues, “human ingenuity meets human virtue, and we discover at last that we can have it both ways — a better world for us and for animals, too.”

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Book SynopsisTrade Review“Can’t recommend this joint enough. It is extremely hard to translate what is happening in our society right now. … Aaron Glantz does a great job moving through the jungle of jargon. But most importantly he implicitly raises a question that has been quietly dogging me for years: What does it mean to tell your children that their success is ultimately a matter of discipline, education, hard work, and citizenship, and then see that those factors have almost no power to explain the (financial) success of the Titans of America. ... An illuminating and discomfiting read.” — Ta-Nehisi Coates (via Instagram) "Essential reading." — New York Review of Books “Glantz skillfully tells a bigger story about American housing that’s tortuous, confounding and ultimately enraging.” — New York Times “With prose that is as plainspoken as it is propulsive, Glantz explains how homeownership propelled the American Dream until 1986 only to fall, one financial scheme at a time, at the hands of billionaire money-grabbers and the failing regulators and gutless politicians who enable them.” — Beth Macy, author of Dopesick: Dealers, Doctors, and the Drug Company that Addicted America “In case there was ever any doubt that the world of high finance affects American households, Aaron Glantz lays it to rest in this gripping narrative of how the foreclosure machine became a grand mechanism to convert America’s historic wealth building asset—its homes—into a commodity for financiers.” — Sarah Bloom Raskin, former deputy secretary of the US Treasury and former governor of the Federal Reserve Board “An eye-opening account of how a cast of characters from Wall Street to Hollywood enriched themselves at the expense of American families. Glantz weaves together personal stories, historical context, and sharp and insightful analysis of how financiers created predatory products that wreaked devastation on the US economy and… countless families.” — Mehrsa Baradaran, professor of law at the University of California, Irvine School of Law “Glantz, through exemplary journalism, reveals the new corporate landlords’ relationship to Donald Trump and their exploitation of loopholes in public policy, in combination with the endless resources of greedy bankers, to transform the 2008 foreclosure crisis into predatory renting schemes and cash in on widespread housing insecurity.” — Keeanga-Yamahtta Taylor, author of Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership “This is a story that needs to be told, and Glantz tells it beautifully. Homewreckers reads like a novel, but it carries an important message: We must never let this happen again.” — Alan S. Blinder, Gordon S. Rentscher Professor of Economics and Public Affairs, Princeton University, former member of the Council of Economic Advisers, Vice Chairman of the Board of the Federal Reserve System “In this remarkable book, Aaron Glantz provides a well-researched, highly readable look at one of the nation’s most underreported stories…a must-read for anyone who wants to understand the Great Recession and the role of the voracious financial interests who would go on to put Donald Trump in the White House.” — Gwenda Blair, author of The Trumps: Three Generations of Builders and a President “A tale of greed and corruption...A solid, useful exploration of a system that ‘needs substantial, systemic change.’” — Kirkus Reviews “[A] cogent, infuriating exposé… lucid prose and impressive research make this an essential account of an under-the-radar housing crisis.” — Publishers Weekly “Glantz does an excellent job explaining the financial complexities of the housing crisis and its fallout. But the real strength of his book comes from the personal stories he weaves in to illustrate his points…the most surprising stories are those of the homewreckers themselves.” — BookPage "A shocking investigation into America's housing crisis. ... A tale of greed and corruption." — Christiane Amanpour "Smart, engrossing... chronicles how a few vulture capitalists scored big paydays on the backs of beleaguered middle-class homeowners, exploiting government largesse to cover their losses - and positioning themselves for top Trump administration jobs." — San Francisco Chronicle

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Book SynopsisTrade Review“Can’t recommend this joint enough. It is extremely hard to translate what is happening in our society right now. … Aaron Glantz does a great job moving through the jungle of jargon. But most importantly he implicitly raises a question that has been quietly dogging me for years: What does it mean to tell your children that their success is ultimately a matter of discipline, education, hard work, and citizenship, and then see that those factors have almost no power to explain the (financial) success of the Titans of America. ... An illuminating and discomfiting read.” — Ta-Nehisi Coates (via Instagram) "Essential reading." — New York Review of Books “Glantz skillfully tells a bigger story about American housing that’s tortuous, confounding and ultimately enraging.” — New York Times “With prose that is as plainspoken as it is propulsive, Glantz explains how homeownership propelled the American Dream until 1986 only to fall, one financial scheme at a time, at the hands of billionaire money-grabbers and the failing regulators and gutless politicians who enable them.” — Beth Macy, author of Dopesick: Dealers, Doctors, and the Drug Company that Addicted America “In case there was ever any doubt that the world of high finance affects American households, Aaron Glantz lays it to rest in this gripping narrative of how the foreclosure machine became a grand mechanism to convert America’s historic wealth building asset—its homes—into a commodity for financiers.” — Sarah Bloom Raskin, former deputy secretary of the US Treasury and former governor of the Federal Reserve Board “An eye-opening account of how a cast of characters from Wall Street to Hollywood enriched themselves at the expense of American families. Glantz weaves together personal stories, historical context, and sharp and insightful analysis of how financiers created predatory products that wreaked devastation on the US economy and… countless families.” — Mehrsa Baradaran, professor of law at the University of California, Irvine School of Law “Glantz, through exemplary journalism, reveals the new corporate landlords’ relationship to Donald Trump and their exploitation of loopholes in public policy, in combination with the endless resources of greedy bankers, to transform the 2008 foreclosure crisis into predatory renting schemes and cash in on widespread housing insecurity.” — Keeanga-Yamahtta Taylor, author of Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership “This is a story that needs to be told, and Glantz tells it beautifully. Homewreckers reads like a novel, but it carries an important message: We must never let this happen again.” — Alan S. Blinder, Gordon S. Rentscher Professor of Economics and Public Affairs, Princeton University, former member of the Council of Economic Advisers, Vice Chairman of the Board of the Federal Reserve System “In this remarkable book, Aaron Glantz provides a well-researched, highly readable look at one of the nation’s most underreported stories…a must-read for anyone who wants to understand the Great Recession and the role of the voracious financial interests who would go on to put Donald Trump in the White House.” — Gwenda Blair, author of The Trumps: Three Generations of Builders and a President “A tale of greed and corruption...A solid, useful exploration of a system that ‘needs substantial, systemic change.’” — Kirkus Reviews “[A] cogent, infuriating exposé… lucid prose and impressive research make this an essential account of an under-the-radar housing crisis.” — Publishers Weekly “Glantz does an excellent job explaining the financial complexities of the housing crisis and its fallout. But the real strength of his book comes from the personal stories he weaves in to illustrate his points…the most surprising stories are those of the homewreckers themselves.” — BookPage "A shocking investigation into America's housing crisis. ... A tale of greed and corruption." — Christiane Amanpour "Smart, engrossing... chronicles how a few vulture capitalists scored big paydays on the backs of beleaguered middle-class homeowners, exploiting government largesse to cover their losses - and positioning themselves for top Trump administration jobs." — San Francisco Chronicle

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Book SynopsisTrade Review“Buckmaster, global compensation director at Nike, argues in his winning debut that America’s pay system is deeply broken. . . . Buckmaster packs his work with insight, and delivers his message in a charming, funny tone… This layperson’s guide will be a boon to anyone looking to understand the forces behind how that number got on their W-2.” — Publishers Weekly (starred review) "Fair Pay . . . offer[s] deeply informed insight into how companies set pay rates . . . A thought-provoking counterpoint to typical fair-pay books." — Booklist "There is nothing more nuts-and-bolts about business than decisions on how to compensate employees, and there is nothing that could change the country quite so quickly or directly as tackling income inequality by paying most of them more. As Buckmaster writes, 'Now is the time to redeem the idea of fairness,' and his book is a perfect nuts-and-bolts, big picture place to start." — Porchlight “We have spent a generation laboring under the strange delusion that pay increases would impoverish the country. Fair Pay is both a corrective, but more interestingly, an insiders' account of the complexities inherent in how corporations really think about pay. Fascinating and essential reading for any economic reformer, or for that matter, anyone who earns a paycheck.” — Tim Wu, author of The Curse of Bigness and The Attention Merchants “In order to know your worth, you need to know how comp works. Anyone who reads this book is in for a treat. David Buckmaster’s unique insight as a corporate pay leader teaches us what the person on the other side of the pay negotiation table is really thinking, and how to make sure you get what you deserve.” — Claire Wasserman, founder of Ladies Get Paid “David Buckmaster describes why the current system of pay is broken and what to do about it. Fair Pay is a timely and important call to action, especially for business leaders whose workers make too little to make ends meet.” — Zeynep Ton, MIT Sloan School of Management and Good Jobs Institute “Take it from an insider: companies don’t compete for wages; they coordinate, making sure that employees are left in the dark. While most people may prefer not to know how sausages are made, knowing how wages are made is crucial for every employee. A must-read for employees and policy makers who believe that reforming the system remains possible.” — Katharina Pistor, author of The Code of Capital: How the Law Creates Wealth and Inequality "[Knezevich's] vocal character is perfect for the author's intent—to help workers negotiate fair pay for themselves and become more knowledgeable about how business and our economy work. Knezevich has a broad and appealing range, and is fun to hear as he interprets every nuance and idea in this accessible guide." — AudioFile Magazine "Fair Pay provides both high-level and specific recommendations for how to reform compensation . . . An important, insider perspective on the principles and tactics needed for more equitable and dynamic organizations." — Charter

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Book Synopsis*** Distinguished Winner for the Responsible Research in Management Award ***Negotiation and decision-making expert Max Bazerman explores how we can make more ethical choices by aspiring to be better, not perfect.Every day, you make hundreds of decisions.Trade Review"Bazerman’s encouraging call for readers to keep moving in the right direction, even if they aren’t on the fast track to perfection, is a much-needed and sane approach to personal betterment." — Publishers Weekly “Take some of the best ideas in philosophy, mix in relevant research in psychology, add a lifetime of practical wisdom, and you have the recipe for a realistic guide to doing the most good you can. Read this book, and you will find yourself leading a better life!” — Peter Singer, Princeton University, author of Animal Liberation and Practical Ethics “We all want to believe that we will help make the world a better place. But how? Take one step at a time, says Bazerman in his delightful and engaging book! More rational thinking and less intuition will lead us to that North Star.” — Sheryl WuDunn, Pulitzer Prize winner and bestselling coauthor of Tightrope “Max Bazerman has a gift: to grasp the core of our hardest ethical issues, and to bring the best science and arguments to grapple with them. He does this with such clarity and compassion for human nature that you will be more than persuaded—you’ll get up and do something!” — Mahzarin R. Banaji, Harvard University, bestselling coauthor of Blindspot “Building on the ideas of effective altruism, Bazerman delivers important new insights on how to use your time, money, intellect, and influence to make the world better.” — Will MacAskill, cofounder, Centre for Effective Altruism, and author of Doing Good Better “Although we’re quick to recognize the moral mistakes other people make, it’s not until it’s too late that we catch most of our own. As a leading expert on this problem, Max Bazerman shows how we can avoid ethical blunders—and do more good along the way.” — Adam Grant, bestselling author of Give and Take and Originals, and host of the TED podcast WorkLife “Max Bazerman is part behavioral scientist, part mensch—and the sage I consult whenever I’m stuck on a life decision. This brilliant, wise guide shows us why perfect really is the enemy of the good—and how we can all do better.” — Angela Duckworth, University of Pennsylvania, bestselling author of Grit “Bazerman offers a roadmap that will help readers understand the world around them and how they can most strategically and effectively make things better. I spent my first 10 years out of college trying to be perfect, not better. Oh, how I wish I’d had this book to guide my vocational decisions.” — Bruce Friedrich, cofounder and executive director, the Good Food Institute "Bazerman brings together the powerful insights of behavioural science and the incisiveness of Harvard Business School on how we can make the world better: more ethical, less corrupt, and more sustainable. It’s also Bazerman’s most personal work yet. He really does want to make the world better, not through lecturing, but by giving people the mental and institutional tools to shape it themselves." — David Halpern, CEO of the Behavioural Insights Team and author of Inside the Nudge Unit "This will appeal to those seeking practical suggestions for improving business and philanthropic behavior." — Library Journal

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Book SynopsisTrade Review[This] remarkable new book… should be required reading for everyone at Ofcom, the Competition and Markets Authority and the DCMS. — John Naughton, The Guardian In all, it is a strong argument that deserves a good hearing: far from chilling innovation, the book concludes, reining in Big Tech may be the only way to save it. — The Financial Times ‘Ariel Ezrachi’s and Maurice E. Stucke’s scholarly research on the digital economy, competition and antitrust law, and economic inequality have made waves in the policy debate space... The digital world has been changing so rapidly, but their proposals for the way forward are promising. Their book is a wide-angle look at where we are, and who and what we—as small businesses and everyday internet users—are up against. And if more people read How Big-Tech Barons Smash Innovation—and How to Strike Back I think it will enable more fertile ground for truly helpful and humane innovation, online and off.’ — Gabbi Cisneros, Porchlight Using vivid examples and relying on their work in the field, the authors explain how the leading tech companies design their sprawling ecosystems to extract more profits (while crushing any entrepreneur that poses a threat). — Porchlight

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Book SynopsisTrade Review“In Direct, Judge gives us a rich, revealing chronicle of how corporate behemoths and bad public policy have put too much distance between farm and table, manufacturer and shopper—all while inciting consumer gluttony and pillaging the environment. It’s a clarion call for the simple pleasure of conducting direct exchanges with makers who pour their hearts into sustainable products. If shopping at Walmart or Amazon has started to feel dangerously soulless, you must read this book.” — Brad Stone, author of Amazon Unbound and The Everything Store “For more than two hundred years, modernity was thought to involve the transition from gifts and personal ties to a world dominated by impersonal markets and efficient transactions. In this brilliant contribution, Judge turns the established notion of 'progress' on its head. Middlemen have become too big, too pervasive, and too powerful. We need to understand when and how more direct connections work—and move our lives, our businesses, and our public policy in that direction. Essential reading for anyone who cares about the future of good jobs and the world we leave for our children.” — Simon Johnson, coauthor of Jump-Starting America and former chief economist at the International Monetary Fund “Though our modern commercial economy yearns to give us everything, there is something deeply frustrating about this system. In this beautifully written and powerful book, Judge helps us see a different way forward. With strategies that inform the policies of government and individuals alike, this is a blueprint for remaking the machine—and an urgent call that we get it done.” — Lawrence Lessig, professor at Harvard Law School and author of Republic, Lost “This book is a must-read for anyone who seeks to understand how markets work today. This is a book that explains why rural communities are losing their small farms and businesses. This book is about how finance is slowly killing the American dream. It is a warning about the myriad harms the mono-crop and homogenized markets of the near future will impoverish community life and inhibit innovation. Judge is a top scholar in the field whose refreshingly readable story will resonate with every American who has stopped by a local grocery story or purchased an item online recently.” — Mehrsa Baradaran, author of The Color of Money and How the Other Half Banks “The modern way we consume has led to tremendous efficiency and abundance. But at what price? In Direct, Judge invites us to consider the human costs of losing touch with the source of the products and services in our lives. She makes a subversive argument that may just change how you see your next purchase.” — Arthur C. Brooks, professor at Harvard Kennedy School and Harvard Business School and author of From Strength to Strength “With Direct, Judge shows us novel ways to reconnect in a world where powerful middlemen have pulled us apart. She explains how direct exchange—including between farmers and families, creators and collectors, through farmers markets and digital platforms—can strengthen our economy and our sense of self.” — Jennifer Taub, author of Big Dirty Money and Other People’s Houses “A fascinating and disturbing examination of the modern economy and how it works—and who benefits.” — Kirkus Reviews

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Book SynopsisThis work provides an analysis of the inner workings of Japan's keiretsu - the corporate alliances that have been the cause of much debate. The text aims to reveal what the keiretsu really are and how they work, covering topics such as how foreign firms can circumvent the keiretsu.Table of ContentsBehind the mask; keiretsu as a government tool; fortress keiretsu; stranglehold on business?; life beneath the keiretsu; how foreign firms can circumvent the keiretsu in Japan; turning the tables; keiretsu as fair play?; invincible or over the hill?; the keiretsu tomorrow.

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Book SynopsisEngineering Economy presents a crisp, bold new design using color, highlighting and icons to focus on important concepts, terms, equations and decision guidelines. There are new features, new topics (such as ethics and staged decision making), and new online tools; yet no compromise on coverage, examples, or the well-accepted writing style of this popular text. Solved examples, problems and case studies target many of the current engineering challenges in areas such as energy, ethics, the environment, and the worldâs changing economics.McGraw-Hill's Connect, is also available as an optional, add on item. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, how they need it, so that class time is more effective. Connect allows the professor to assign homework, quizzes, and tests easily and automatically grades and records the scores of the student's work. Problems are randomized tTable of ContentsLearning Stage 1 - The Fundamentals1) Foundations of Engineering Economy2) Factors: How Time and Interest Affect Money3) Combining Factors and Spreadsheet Functions4) Nominal and Effective Interest RatesLearning Stage 2 - Basic Analysis Tools5) Present Worth Analysis6) Annual Worth Analysis7) Rate of Return Analysis: One Project8) Rate of Return Analysis: Multiple Alternatives9) Benefit/Cost Analysis and Public Sector EconomicsLearning Stage 2 - Epilogue: Selecting the Basic Analysis ToolLearning Stage 3 - Making Decisions10) Project Financing and Non-economic Attributes11) Replacement and Retention Decisions12) Independent Projects With Budget Limitation13) Breakeven and Payback AnalysisLearning Stage 4 - Rounding Out the Study14) Effects of Inflation15) Cost Estimation and Indirect Cost Allocation16) Depreciation Methods17) After-Tax Economic Analysis18) Sensitivity Analysis and Staged Decisions19) More on Variation and Decision Making under RiskAppendix A - Using Spreadsheets and Microsoft ExcelAppendix B - Basics of Accounting Reports and Business RatiosAppendix C - Code of Ethics for EngineersAppendix D - Alternate Methods For Equivalence CalculationsAppendix E - Glossary of Concepts and Terms

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Book SynopsisA member of what he calls the pirate generation', Stephen Witt has been bootlegging music since the mid-1990s. While amassing an archive of hundreds of thousands of pirated mp3s, he became obsessed with the subject of digital piracy, and eventually changed careers to write this thrilling investigative history.He was born in New Hampshire in 1979, raised in the Midwest and graduated from the University of Chicago with a degree in mathematics. He spent the next six years working for hedge funds in Chicago and New York. Following a spell in East Africa working in economic development, he graduated from Columbia University's Graduate School of Journalism in 2011.He lives in Brooklyn, New York. How Music Got Free is his first book.Trade ReviewEnthralling… A terrific, timely, informative book… Witt is an authoritative, enthusiastic, sure-footed guide, and his research and his storytelling are exemplary… How Music Got Free stands comparison to The Social Network -- Nick Hornby * Sunday Times *Incredible, possibly canonical. . . . A story that's too bizarre to make up, but needed to be told. . . . Even if you're not a music geek, How Music Got Free is one of the most gripping investigative books of the year. * Vice *Like Bond meets 28 Days Later... Witt tells a thrilling tale, with a cast of music biz bigwigs, painstaking German boffins, and pirates and petty thieves. Witt’s writing reminded me of all my favourite modern essayists: Remnick, Franzen and John Jeremiah Sullivan. I loved it -- Colin Greenwood, RadioheadBrilliant... Like many great works of investigative journalism it makes it clear that this is one of those stories you think you know until you realise you don’t -- John Niven * The Spectator *A fantastic book and a scintillating achievement -- Felix Martin, author of Money: the unauthorised biography

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Book SynopsisA TIMES BEST CURRENT AFFAIRS BOOK OF THE YEARThe award-winning Financial Times columnist exposes the threat that Big Tech poses to our democracies, our economies and ourselves''Powerful'' Sunday Times Google and Facebook receive 90% of the world''s news advertising spend. Amazon takes half of all e-commerce in the US. Google and Apple operating systems run on all but 1% of cell phones globally. And 80% of corporate wealth is now held by 10% of companies - the digital titans. How did these once-idealistic and innovative companies come to manipulate elections, violate our privacy and pose a threat to the fabric of our democracy? Through her skilled reporting and unparalleled access, Rana Foroohar reveals the true extent to which the ''FAANG''s (Facebook, Apple, Amazon, Netflix and Google) crush or absorb competitors, hijack our personal data and mental space and offshore their exorbitant profits. What''s more, sTrade ReviewA masterful critique of the tech giants that now dominate our world . . . The great thing about her book is that it breaks the mesmerising spell that the tech giants seem to have cast upon governments, mass media and users everywhere -- John Naughton * Observer, 'Book of the Week' *Frightening . . . a readable and well-marshalled indictment of the sins of these new corporate empires. -- James Marriott * The Times *Powerful -- Best Business Books of the Year * Sunday Times *An insightful and powerfully argued investigation into the murky world of 'Big Tech' and its impact on our lives. * Daily Mail *Rana Foroohar is a savvy and wise commentator and a keen observer of the global economy. This book goes beyond the economic problems and examines the broader implications for society of the untrammeled and under regulated Silicon Valley companies. She demonstrates that while the creed 'don't be evil' may have initially inspired the Silicon Valley giants, its principle has long been left behind -- Joseph E. Stiglitz, Nobel Laureate in EconomicsWe are most fortunate to have Foroohar's laser vision and trenchant business analysis turned on the tech giants and the gluttonous anti-democratic surveillance capitalism that is their most far-reaching innovation. A crucial contribution to the growing debate. -- Shoshana Zuboff, author of The Age of Surveillance Capitalism and Professor Emerita, Harvard Business SchoolRana Foroohar's urgent message: 'Yes, we really are living in the Matrix,' and it's time to rise up and resist our algorithmic overlords. This book shows us how. -- Cathy O’Neil, author of Weapons of Math Destruction and CEO of ORCAA

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Book SynopsisDiscover happiness within through simple steps in Dr. Rekha Shetty's book. Create your own Happy Street by making small changes in your daily life and surroundings. Find joy in the present moment rather than chasing external success for ultimate happiness.

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Book SynopsisTrade Review"Honest Work is the best business ethics book I have found for the undergraduate course. I particularly like the focus on everyday ethics in the workplace and the orientation to a first-person point of view."--Susan V. H. Castro, Wichita State University "Honest Work is excellent overall. I especially appreciate the diversity of topics; the content is all that I could hope for. It addresses topics that are relevant to the working business professional, rather than taking a top-down, 'let me explain it to you' approach."--Judith Streit, Metropolitan State University of Denver "Honest Work is very good at highlighting the importance of having a theory of work and not just a theory of business practice."--J.K. Miles, Quincy UniversityTable of Contents*=New to this Edition Each chapter opens with an Introduction. Preface: Introduction: Getting to Work Box: "Three Questions for Thinking about Ethics" Robert Audi, "Some Approaches to Determining Ethical Obligations" Plato, "Ring of Gyges" Box: "Would You Rather Earn More or Just More than the Other Fellow?" 1. ON THE JOB: EVERYDAY ETHICS AT WORK Box: "Sloth: The Noonday Demon" Norman E. Bowie, "Respecting the Humanity in a Person" Box: "W. D. Ross on Prima Facie Duties" Arlie Hochshild, "Exploring the Managed Heart" Box: "Robert C. Solomon, The Passions" Bruce Barry, "The Cringing and the Craven: Freedom of Expression in the Workplace" * Jerry Goodstein and Kenneth D. Butterfield, "Restorative Justice and the Aftermath of Unethical Behavior" * Box: "The Most Common Types of Unethical Behavior at Work" * Jobs with Justice Education Fund, "The Changing Nature of Work" Harvard Law Review, "Facial Discrimination" Box: "John Stuart Mill on the Greatest Good and Expediency" CASES 1.1: Sloan Wilson, "The Job Interview" 1.2: John R. Boatright, "A 'State of the Art' Termination 1.3: Joanne B. Ciulla, "Does Home Life Matter at Work?" 1.4: Joanne B. Ciulla, "The Best Person for the Job?" Box: "Sexual Harassment Guidelines" 1.5: Joanne B. Ciulla, "Attraction or Business as Usual?" 2. "THE CHECK IS IN THE MAIL": HONESTY AND TRUST IN BUSINESS Box: "Aristotle, Kant, and Mill on Honesty" Albert Z. Carr, "Is Business Bluffing Ethical?" Box: "Nietzsche on Honesty" Sissela Bok, "Defining Secrecy--Some Crucial Distinctions" Harry G. Frankfurt, "On Bullshit" * Niccolo Machiavelli, "The Prince" Paul Ekman and Mark G. Frank, "Lies That Fail" Box: "Transparency International--USA Program" Robert C. Solomon and Fernando Flores, "Building Trust" Tamar Frankel, "Trust, Honesty and Ethics in Business" CASES * 2.1: D. Anthony Plath, "The Curious Loan Approval" 2.2 Robert C. Solomon, "Flying or Lying in Business Class" 2.3: Robert C. Solomon, "Willful Ignorance? Or Deception?" 2.4: Clancy Martin, "Blindsided by Bankruptcy" 2.5: William H. Shaw and Vincent Barry, "Testing for Honesty" 3. MONEY, HOW WE GET IT, AND WHERE IT GOES: ACCOUNTING, FINANCE, AND INVESTMENT ETHICS Box: "Accounting and Mergers" Box: "Six Principles of Ethical Accounting" Edward J. Balleisen, "On Fraud" Carol J. Loomis, "Lies, Damned Lies, and Managed Earnings" Box: "Learning to Cheat?" Box: "Ethical Decision Making" Ed Cohen, "Arthur Andersen Refugees Reflect on What Went Wrong" Robert E. Frederick and W. Michael Hoffman, "The Individual Investor in Securities Markets: An Ethical Analysis" John R. Boatright: "Finance Ethics" Jennifer Moore, "What Is Really Unethical about Insider Trading?" Box: Roel C. Campos, "Ethics Matter" Frank Partnoy, "F.I.A.S.C.O." Box: "Aristotle on Money" Paul B. Farrell, "Derivatives, the New 'Ticking Bomb'" Duff McDonald, "The Running of the Hedgehogs" Niall Ferguson, "Wall Street Lays Another Egg" CASES 3.1: The Democratic Policy Committee, "A Modern History of 'Creative' Accounting" 3.2: Lisa H. Newton and David P. Schmidt, "Merger Mania" 3.3: Richard F. DeMong, "SNB Annual Conference" 3.4: D. Anthony Plath, "The Accidental Bank Robbery" 3.5: Kimberly Amadeo, "The Stock Market Crash of 2008" 4. WHO GETS WHAT AND WHY?: FAIRNESS AND JUSTICE Box: "Plato and Aristotle on Justice" Adam Smith, "On Human Exchange and Human Differences" Joanne B. Ciulla, "Exploitation of Need" Box: "Marx on Alienated Labor" John Rawls, "Justice as Fairness" * Michael Walzer, "Tyranny and Complex Equality" Robert Nozick, "Anarchy, State, and Utopia" Irving Kristol, "A Capitalist Conception of Justice" Box: Annie Lowrey, "Occupy Wall Street" Friedrich von Hayek, "Justice Ruins the Market" Gerald W. McEntee, "Comparable Worth: A Matter of Simple Justice" Greg Breining, "The 1 Percent: How Lucky They Are" CASES 4.1: Naomi Klein, "Revolution without Ideology" 4.2: William H. Shaw and Vincent Barry, "Poverty in America" 4.3: William H. Shaw and Vincent Barry, "Burger Beefs" 5. IS "THE SOCIAL RESPONSIBILITY OF BUSINESS . . . TO INCREASE ITS PROFITS"?: SOCIAL RESPONSIBILITY AND STAKEHOLDER THEORY Milton Friedman, "The Social Responsibility of Business Is to Increase Its Profits" Christopher D. Stone, "Why Shouldn't Corporations Be Socially Responsible?" Peter A. French, "Corporate Moral Agency" Kenneth J. Arrow, "Social Responsibility and Economic Efficiency" Richard Parker, "Corporate Social Responsibility and Crisis" Alexei M. Marcoux, "Business Ethics Gone Wrong" * Paul A. Argenti, "Corporate Ethics in the Era of Millennials" CASES 5.1: Ana G. Johnson and William F. Whyte, "Mondragon Cooperatives" 5.2: Rogene A. Buchholz, "The Social Audit" 5.3: Kelley MacDougall, Tom L. Beauchamp, and John Cuddihy, "The NYSEG Corporate Responsibility Case" 5.4: Thomas I. White, "Beech-Nut's Imitation Apple Juice" 5.5: Thomas I. White, "Sentencing a Corporation to Prison" 5.6: Brian Grow, Steve Hamm, and Louise Lee, "The Debate over Doing Good" 5.7: Jagdish Bhagwati, "Blame Bangladesh, Not the Brands" 6. WHEN INNOVATION BYTES BACK: ETHICS AND TECHNOLOGY Box: "Locke on Property" Box: Richard De George, "Seven Theses for Business Ethics and the Information Age" Box: "Foucault and the Panopticon" Elizabeth A. Buchanan, "Information Ethics in a Worldwide Context" Victoria Groom and Clifford Nass, "Can Robots Be Teammates?" Box: C. Kluckhorn, "An Internet Culture?" Clive Thompson, "The Next Civil Rights Battle Will Be over the Mind" Bill Joy, "Why The Future Doesn't Need Us" CASES 6.1: Joel Rudinow and Anthony Graybosch, "The Digital Divide" 6.2: Joel Rudinow and Anthony Graybosch, "Hacking into the Space Program" 6.3: Joel Rudinow and Anthony Graybosch, "The I Love You Virus" 6.4: James Losey, "The Internet's Intolerable Acts" 7. THE ART OF SEDUCTION: THE ETHICS OF ADVERTISING, MARKETING, AND SALES * Thorstein Veblen, "Conspicuous Consumption" John Kenneth Galbraith, "The Dependence Effect" Box: Plato on the Danger of Believing Bad Arguments Friedrich von Hayek, "The Non Sequitur of the 'Dependence Effect'" Alan Goldman, "The Justification of Advertising in a Market Economy" * Box: Alexandra Gibbs and Nancy Hungerford, CNBC, "Marketing to Millennials" Leslie Savan, "The Bribed Soul" Box: "Ask Me no Questions . . . " CASES 7.1: Rogene A. Buchholz, "Advertising at Better Foods" 7.2: Joseph R. Desjardins and John J. McCall, "Advertising's Image of Women" 7.3: William H. Shaw and Vincent Barry, "Hucksters in the Classroom" 7.4: Scott Croker, "Energy Drinks, Do They Really Work?" 8. THINGS FALL APART: PRODUCT LIABILITY AND CONSUMERS Peter Huber, "Liability" Stanley J. Modic, "How We Got into This Mess" Henry Fairlie, Fear of Living Warren E. Burger, "Too Many Lawyers, Too Many Suits" Mark Dowie, "Pinto Madness" Judith Jarvis Thomson, "Remarks on Causation and Liability" * Adam Thierer, "When the Trial Lawyers Come for the Robot Cars" CASES 8.1: William H. Shaw and Vincent Barry, "The Skateboard Scare" 8.2: Joseph R. Desjardins and John J. McCall, "Children and Reasonably Safe Products" 8.3: William H. Shaw and Vincent Barry, "Living and Dying with Asbestos" 8.4: Kenneth B. Moll and Associates, "Merck and Vioxx" 8.5: Claude Wyle, "The Top 10 Most Dangerous Toys of All Time" 8.6: Jack Bouboushian, "Ten More Deaths Blamed on Plavix" 9. "YOU KNOW HOW TO WHISTLE, DON'T YOU?": WHISTLE-BLOWING, COMPANY LOYALTY, AND EMPLOYEE RESPONSIBILITY Box: "Martin Luther King on Silence" * Frederick Bruce Bird, "Moral Muteness and Moral Blindness" Sissela Bok, "Whistleblowing and Leaking" Box: "Ralph Nader on Whistle-Blowing" Ronald Duska, "Whistleblowing and Employee Loyalty" * Box: "How Some Employers Buy Loyalty" Box: Jim Yardley, "The Upside of Whistle-Blowing" David E. Soles, "Four Concepts of Loyalty" Box: Robert C. Solomon and Clancy Martin, "Blind to Earned Loyalty" CASES 9.1: Pat L. Burr, "Would You Blow the Whistle on Yourself?" 9.2: William H. Shaw and Vincent Barry, "Changing Jobs and Changing Loyalties" 10. THINK LOCAL, ACT GLOBAL: INTERNATIONAL BUSINESS Anthony Kwame Appiah, "Global Villages" Box: "Isaiah Berlin on Values" Thomas Donaldson, "Values in Tension: Ethics Away from Home" Box: "What Do These Values Have in Common?" John T. Noonan, Jr., "A Quick Look at the History of Bribes" Box: "The Foreign Corrupt Practices Act" Florian Wettstein, "Silence and Complicity: Elements of a Corporate Duty to Speak Out Against the Violation of Human Rights" Box: "The Global Compact" * Denis G. Arnold and Norman E. Bowie, "Sweatshops and Respect for Persons" * Box: A Defense of Sweatshops Daryl Koehn, "Confucian Trustworthiness" CASES 10.1: Joanne B. Ciulla, "The Oil Rig" 10.2: Thomas Dunfee and Diana Robertson, "Foreign Assignment" 10.3: Karen Marquiss and Joanne B. Ciulla, "The Quandry at PureDrug" 10.4: Judith Schrempf-Stirling and Guido Palazzo, "IBM's Business with Hitler: An Inconvenient Past" 10.5: Emily Black and Miriam Eapen, "Suicides at Foxconn" Box: "Interns at Foxconn" 11. WORKING WITH MOTHER NATURE: ENVIRONMENTAL ETHICS AND BUSINESS ECOLOGY Box: "Native American Proverb" Aldo Leopold, "The Land Ethic" Mark Sagoff, "At the Shrine of Our Lady Fatima or Why Political Questions Are Not All Economic" Box: Chief Joseph of the Nez Perce, "The Earth and Myself Are of One Mind" William F. Baxter, "People or Penguins?" Box: Milton Friedman, "On Pollution" Norman Bowie, "Morality, Money, and Motor Cars" Box: Vine Deloria, "Land as a Commodity" Box: "Who Owns the Earth?" Peter Singer, "The Place of Nonhumans in Environmental Issues" Box: Luther Standing Bear, "The Tame Land" * PBS, "Should We Grow GMO Crops?" CASES 11.1: William H. Shaw and Vincent Barry, "Made in the U.S.A.--And Dumped" 11.2: William H. Shaw and Vincent Barry, "The Fordasaurus" 11.3: Denis G. Arnold, "Texaco in the Ecuadorean Amazon" 11.4: Cheryl Davenport, "The Broken 'Buy-One, Give-One' Model: 3 Ways to Save Toms Shoes" 11.5: Morgan Carroll and Rhonda Fields, "Protect Us from Fracking" 12. WHEN THE BUCK STOPS HERE: LEADERSHIP Niccolo Machiavelli, "Is It Better to Be Loved Than Feared?" Box: "Lao Tzu and Tao-Te-Ching" * Joanne B. Ciulla, "The Moral Pitfalls of Being a Leader" * Box: "Messed Up Leaders" Al Gini, "Moral Leadership and Business Ethics" Joanne B. Ciulla, "Why Business Leaders' Values Matter" Dean C. Ludwig and Clinton O. Longenecker, "The Bathsheba Syndrome: The Ethical Failure of Successful Leaders" Robert Greenleaf, "Servant Leadership: A Journey into the Nature of Legitimate Power and Greatness" CASES 12.1: George Orwell, "Shooting an Elephant" * 12.2 Ruth Capriles, "Rags to Riches to Rags" 12.3: Mary Ann Glynn and Timothy J. Dowd, "Martha Stewart Focuses on Her Salad" 12.4: Joanne B. Ciulla, "Merck and Roy Vagelos: The Values of Leaders" 12.5: Katherine Burton and Saijel Kishan, "How Raj Rajaratnam Gave Galleon Group Its 'Edge'" 13. Who's Minding the Store?: The Ethics of Corporate Governance Ralph Nader, Mark Green, and Joel Seligman, "Who Rules the Corporation?" Irving S. Shapiro, "Power and Accountability: The Changing Role of the Corporate Board of Directors" Box: Immanuel Kant, "Advice for Corporate Directors" Box: "Corporate-Governance Reform" Rebecca Reisner, "When Does the CEO Just Quit?" Thomas W. Dunfee, "Corporate Governance in a Market with Morality" John J. McCall, "Employee Voice in Corporate Governance: A Defense of Strong Participation Rights" Box: Warren Buffett, "Advice to Outside Auditors" * Eric Jackson, "Why Corporate Governance Is So Important to China" CASES 13.1: Michael Lewis, "Selling Your Sole at Birkenstock" 13.2: Dennis Moberg and Edward Romar, "The Good Old Boys at WorldCom" 13.3: Robert Reich, "Corporate Governance and Democracy" 13.4: Lefteris Pitarakis, "Fight Corporate Crimes with More Than Fines" 14. IS EVERYTHING FOR SALE?: THE FUTURE OF THE FREE MARKET Aristotle, "Two Kinds of Commerce" Adam Smith, "The Benefits of Capitalism" Karl Marx, "Commodity Fetishism" Robert Heilbroner, "Reflections on the Triumph of Capitalism" John Stuart Mill, "Laissez-Faire and Education" John Maynard Keynes, "Economic Possibilities for Our Grandchildren" (1930) E. F. Schumacher, "Buddhist Economics" Amartya Sen, "The Economics of Poverty" Daniel Bell, "The Cultural Contradictions of Capitalism" Thomas Frank, "Too Smart to Fail: Notes on an Age of Folly" Robert Kuttner, "Everything for Sale" * Dave Davies and Sheelah Kolhatkar, "Another Insider Trading Scandal . . ." CASE 14.1: William H. Shaw and Vincent Barry, "Blood for Sale" 15. THE GOOD LIFE Robert C. Solomon, "Strategic Planning--For the Good Life" Aristotle, "On the Good Life" Box: "Adam Smith on Capitalism" Joanne B. Ciulla, "Work and Values" Epicurus, "On Pleasure" * Box: Viktor Frankl, "Tragic Optimism" Solomon Schimmel, "Greed" * Joanne B. Ciulla, "Meaningful Work and Meaningful Lives" Lynne McFall, "Integrity" Box: "Leisure and Business" Bertrand Russell, "Impersonal Interests" CASES 15.1: Bowen H. McCoy, "The Parable of the Sadhu" Box: "A Happiness Box" 15.2: Arthur Miller, "A Life Badly Lived" Index:

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Book Synopsis

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Book SynopsisAn authoritative and practical guide to business ethics, written in an accessible question-and-answer formatIn today''s turbulent business climate, business ethics are more important than ever. Surveys of employees show that misconduct is on the rise. Cover stories reporting indictments, prosecutions, and penalties imposed for unethical business conduct appear almost daily. Legislatures pass requirements elevating the levels of punishment and their enforcement against corporations and individuals. Organizations face pressure to design and implement effective ethics and compliance programs. As a result, businesses and businesspeople are increasingly worried that their conduct might cross lines that put their wealth and reputations at risk. Business Ethics: What Everyone Needs to Know explains what those lines are, how not to cross them, and what to do when they are crossed. Written for both businesspeople facing real-life dilemmas and students studying ethical questions, this succinct Trade ReviewNelson and Stout have written a readable and eminently usable book that answers the questions that real business people—whether they are organizational leaders or middle managers or entry employees—wonder and even worry about. What's more, their answers are informed and supported by research but presented in a directly applicable manner. Most importantly, their responses are in themselves 'tools' and 'scripts' for those of us who want to behave in accordance with our best values. And the research presented here clarifies that this is most of us. * Mary C. Gentile, author of Giving Voice To Values: How To Speak Your Mind When You Know What's Right, and Creative Director of Giving Voice to Values *This is a well-written book for anyone interested in corporations and their conduct. It's an excellent resource for students and faculty. * Timothy Fort, Eveleigh Professor of Business Ethics, Kelley School of Business *When two prominent legal scholars put their personal stamp on the issue now galvanizing the planet, how ethics fits in with modern business, it is time to pay attention. * Thomas Donaldson, Mark O. Winkelman Professor, Wharton School, University of Pennsylvania *What do we owe—if anything—to those we do business with? Business Ethics: What Everyone Needs to Know provides pragmatic answers to tough questions, drawing on legal requirements, professional standards, and classical philosophy. It should be your go-to-guide, especially in these rapidly changing and often competitive times. * Michael Wheeler, Emeritus Chaired Professor of Management Practice, Harvard Business School *This book by J. Nelson and L. Stout exhibits several virtues. First, it is accessible even to those not yet acquainted with the subject matter. It is disgraceful that intellectuals writing on business ethics tend to adopt a language that lay intelligent people cannot follow. Second, the book does not defend, in a aprioristic manner, one position over others. Rather, it clarifies pros and cons of the main theses on the subject in a balanced and fair way. Finally, this book comes out at a time characterized by the emergence of problems such as environmental degradation, pandemics, the explosion of income and wealth inequalities, problems that cannot be solved without the active intervention of businesses. Whence the great relevance of an ethical approach capable of directing their behaviour toward the common good. * Stefano Zamagni, Professor of Economics, University of Bologna and SAIS Europe of the Johns Hopkins University *This book contains extremely useful, science-based guidance as to how we can act more ethically and effectively influence others in our organizations to do the same. * Robert Prentice, McCombs School of Business, University of Texas at Austin *This comprehensive and accessible book, brings to the table everything one needs to know about business ethics. It addresses all the major questions and reviews in a highly clear way the relevant legal and management literatures. A fantastic achievement for Prof. J.S. Nelson and the late Prof. Lynn Stout. * Yuval Feldman, author of The Law of Good People, and Faculty of Law, Bar-Ilan University *This is a wonderful book that finally provides comprehensive guidance on how to understand and respond to business ethics challenges today. The current state of business ethics is placed firmly in historical context, and the writing is sharp and free of the jargon that dominates this field. * Alison Taylor, Executive Director, Ethical Systems, NYU Stern School of Business *An invaluable resource concerning business ethics. The chapters on compliance systems are particularly useful. * Gideon Mark, University of Maryland Smith School of Business *The book focusses on what are the most important concepts and tools for businesspeople and compliance professionals to comprehend well. It address what to do, how to do it and why to do it. It is an excellent book and important not only for businesspeople and students, but for Compliance Professionals: We see them all the time stuck in legal and paper-program issues. They more than all others should read it (and will love it). * Matthias Kleinhempel, Head of the Center for Governance & Transparency, IAE Business School *Business Ethics is a timely yet evergreen resource for students and business leaders. Nelson and Stout bring together decades of academic research and literature in this clear and practical guide on ethical behavior and dilemmas in modern business. * Elizabeth Pollman, Professor of Law and Co-Director of Institute for Law and Economics, University of Pennsylvania Carey Law School *There is no doubt in my mind that this information will be useful to students and business people and that it is not discussed enough. * Art Hinshaw, Clinical Professor of Law, Sandra Day O'Connor College of Law, Arizona State University *An outstanding introduction to business ethics, including individual ethical decision making, leading ethical organizations, and the related legal issues. Each chapter covers an essential topic in business ethics and is organized around the key questions for that topic. This user-friendly format is valuable for the first-time reader and for returning to the book for advice in the future. This introduction to business ethics should be of value to everyone from business students to corporate leaders. The reader will become fully informed on the key managerial and legal issues related to ethics, compliance, and corporate social responsibility. * David Hess, Professor of Busines Law and Business Ethics, Ross School of Business, University of Michigan *Table of ContentsChapter 1: An Overview of Business Ethics Chapter 2: The Benefts of Acting Ethically Chapter 3: Moral Philosophical Bases for Business Ethics Chapter 4: What Does Science Tell Us About Ethical Behavior? Chapter 5: Legal Foundations for Business Ethics Chapter 6: Understanding Corporations, LLCs, and Other Legal "Persons" Chapter 7: The Corporation as an Ethical "Person" in Modern Society Chapter 8: The Costs of Acting Ethically Chapter 9: Major Ethical Traps in Modern Business Chapter 10: Negotiations Chapter 11: Specific Liability Questions and Whistleblowing Options Chapter 12: Special Issues of Ethics in Leadership Chapter 13: How to Institute Best Practices Chapter 14: How to Respond to Investigations and Protect Your Reputation Chapter 15: Additional Resources and People You Can Reach Out To Notes References Index

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Book SynopsisTrade Review"Cases in Public Relations satisfies my goal of incorporating ethical thought and action into all aspects of the public relations process. We talk about ethics in the introductory course, but little, from a text standpoint, is done afterwards. With this text, I will be able to 'close the loop' between introduction and implementation."--Kirk Hazlett, APR, Fellow PRSA, Curry College "This text helps students understand that decisions are not always 'black and white' and cannot be made in a vacuum. In addition, success cannot be measured only in dollar amounts. It will also help students to understand that many publics/constituencies are affected by decisions."--Patricia Cambridge, Ohio UniversityTable of ContentsSection I: Introduction to Cases, Ethics, and Public Relations1. What is the Case Method?2. Ethical Frameworks and Professional CodesSection II: Public Relations Functions3. Conflict and Crisis Management4. Social Media and Technology5. Corporate Social ResponsibilitySection III: Public Relations Contexts6. Consumer Relations7. Community Relations8. Sports Communication9. Health10. Government Relations11. International12. Nonprofit and EducationSection IV: The Future of Public Relations13. Trends in Public Relations, Communication, and Society that will Challenge Ethics

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Book SynopsisTrade ReviewThis is a superior work, particularly considering that it is an edited volume. All the articles are first-rate, and the four-part arrangement advances the argument organically...Highly recommended. Lower- and upper-division undergraduates. Graduate students, faculty, and professionals. Students in two-year technical programs. General readers. * J. A. Stever, CHOICE *This landmark collection offers a first-rate introduction to the ethical challenges of artificial intelligence. Wide-ranging, accessible, and authoritative, it will be an essential guide to some of the most important issues of our time. * Huw Price, University of Cambridge *In a world that too often asks 'Can we?' without asking 'Should we?', this exciting collection confronts us with some of the best new thinking on the ethics of AI. From the moral status of machine learning systems to algorithmic bias, it is bound to shape future discussions of this most important topic. * Michael Patrick Lynch, University of Connecticut *This volume is ideal for anyone who wants a comprehensive introduction to the ethical issues surrounding the design and use of AI technologies. Dr. S. Matthew Liao provides an outstanding collaborative exchange between AI researchers and philosophers. I have no doubt that it will become required reading in courses on AI and ethics. * Tina Eliassi-Rad, Northeastern University *Table of ContentsAcknowledgmentsList of ContributorsA Short Introduction to the Ethics of Artificial IntelligencePart I: Building Ethics Into Machines 1. Machine Morality: Building or Learning2. The Use and Abuse of the Trolley Problem: Self Driving Cars, Innocent Threats, and the Distribution of Harm3. The Moral Psychology of AI and the Ethical Opt-Out Problem4. Modeling and Reasoning with Preferences and Ethical Priorities in AI Systems5. Computational Law, Symbolic Discourse, and the AI ConstitutionPart II: The Near Future of Artificial Intelligence 6. Planning for Mass Unemployment: Precautionary Basic Income7. Autonomous Weapons and the Ethics of Artificial Intelligence8. Near Term Artificial Intelligence and the Ethical Matrix9. The Ethics of Artificial SexualityPart III: Long-Term Impact of Superintelligence10. Public Policy and Superintelligent AI: A Vector Field Approach11. Artificial Intelligence: A Binary Approach12. Alignment for Advanced Machine Learning Systems13. Moral Machines: From Value Alignment to Embodied Virtue14. Machine Learning ValuesPart IV: Artificial Intelligence, Consciousness, and Moral Status15. How to Catch an AI Zombie: Testing for Consciousness in Machines16. Designing AI with Rights, Consciousness, Self-Respect, and Freedom17. The Moral Status and Rights of Artificial IntelligenceIndex

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Book SynopsisPublic-private collaborations are key to the functioning of most essential ecosystems such as security, healthcare, education, and energy. William B. Rouse addresses the challenges of transforming these ecosystems and provides an integrated perspective for understanding and enabling change.Table of Contents1: Ecosystems, Innovation, and Transformation 2: Wicked Problems and Human-Centered Design 3: National Security 4: Healthcare Delivery 5: Higher Education 6: Energy and Climate 7: Across Ecosystems 8: Enabling Change

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Book SynopsisBraithwaite''s argument against punitive justice systems and for restorative justice systems establishes that there are good theoretical and empirical grounds for anticipating that well designed restorative justice processes will restore victims, offenders, and communities better than existing criminal justice practices. Counterintuitively, he also shows that a restorative justice system may deter, incapacitate, and rehabilitate more effectively than a punitive system. This is particularly true when the restorative justice system is embedded in a responsive regulatory framework that opts for deterrence only after restoration repeatedly fails, and incapacitation only after escalated deterrence fails. Braithwaite''s empirical research demonstrates that active deterrence under the dynamic regulatory pyramid that is a hallmark of the restorative justice system he supports, is far more effective than the passive deterrence that is notable in the stricter sentencing grid of current criminal

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Trade Review"A surprisingly bare-knuckled book by one of the last editors-in-chief at the New England Journal of Medicine."--Mother Jones"A temperate but tough look at how big business is corrupting medicine."--Publishers Weekly"An important and thought-provoking analysis of the extensive conflicts of interest that pervade the relationship between pharmaceutical companies and the medical profession. This book is a wake-up call for physicians, policy-makers, and the public." --Senator Edward M. Kennedy"His quiet fury is palpable as he watches his beloved medical profession being corrupted by businesses willing to do whatever it takes to get their drugs prescribed."--American Scientist"From this book's title to its final words...Jerome P. Kassirer slams his fellow physicians.... 'It shouldn't have to be patients' responsibilities to protect themselves against the medical profession,' Kassirer writes. Bravo to that."--Tom Graham, Washington Post Book World"Documents with well-referenced examples, how conflicts of interest, primarily financial in nature, have infiltrated all areas of the profession."--New England Journal of Medicine"On the Take should be required reading for anyone concerned about the future of medicine in this country. Kassirer has shined a much-needed spotlight on the dark underbelly of physicians' financial dealings with industry. He argues compellingly that the corrupting influence of money is now so entrenched that the medical profession alone may not be able to save itself from rank commercialism. Public outrage at the unconscionable practices documented in this book may be our only hope of redirecting the medical profession away from overweening self-interest and back towards its moral purpose--protecting patients' interests. If readers of this book are not outraged at what they learn, hope for a future of beneficent medicine may indeed be lost."--Jordan J. Cohen, M.D., President, Association of American Medical Colleges"Kassirer...has taken on the daunting task of documenting the varied and ingenious ways in which his fellow physicians have managed to accept money and gifts from pharmaceutical companies without calling the practice 'bribery'.... One virtue of this fine book, at least as a muckraking exhibit, is that its author, a physician of the old school, has been around long enough to see a lot of unraked muck.... You have to admire Kassirer's willingness to call a spade a spade."--American Prospect"On the Take describes the web of financial interests that entangles many doctors and threatens their objectivity and professionalism. Equally bad, financial conflicts of interest can undermine public trust in doctors. In this book, Dr. Jerome P. Kassirer diagnoses the malady as systemic, widespread, and insidious. Dr. Kassirer's powerful account will make it hard for anyone to deny that a serious problem exists and demands attention. On the Take deserves to be read by everyone who has a stake in the future integrity of medicine and health care."--Harvey V. Fineberg, President, The Institute of Medicine of the National Academy of Sciences"Dr. Jerome Kassirer authoritatively describes the emerging immersion of the practice of medicine into the activities of the pharmaceutical and medical device world. As medicine itself has become a big business, the duties of the physician to the patient are in danger of being compromised and subverted. Personal vignettes from the author's experience lend credibility to many of the dangers described. The observations are disturbing and the implications profound." --Joseph B. Martin, M.D., Ph.D., Dean of the Faculty of Medicine, Harvard University"This important book provides a thoughtful, well-documented, and ultimately devastating exposé of the pervasive relationships between health care corporations, researchers and practicing physicians. Every patient should be familiar with the conflicts of interest that affect the care they receive, and this book explains those conflicts with often frightening clarity. The time has come for full disclosure." --Dr. John W. Rowe, M.D., Chairman and CEO, Aetna, Inc."On the Take paints a disturbing portrait of a medical system twisted by unseen and pernicious conflicts of interest. Dr. Jerome Kassirer writes with the authority of a leader in medicine, with the candor of an advocate who pulls no punches, and with the common sense of a citizen who can smell when something is just not right. I highly recommend this book." --U.S. Representative Henry A. Waxman, California

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Book SynopsisIn development circles, there is now widespread consensus that social entrepreneurs represent a far better mechanism to respond to needs than we have ever had before--a decentralized and emergent force that remains our best hope for solutions that can keep pace with our problems and create a more peaceful world. David Bornstein's previous book on social entrepreneurship, How to Change the World, was hailed by Nicholas Kristof in The New York Times as a bible in the field and published in more than twenty countries. Now, Bornstein shifts the focus from the profiles of successful social innovators in that book--and teams with Susan Davis, a founding board member of the Grameen Foundation--to offer the first general overview of social entrepreneurship. In a Q & A format allowing readers to go directly to the information they need, the authors map out social entrepreneurship in its broadest terms as well as in its particulars. Bornstein and Davis explain what social entrepreneurs are, Trade Review"Excellent!" --Nicholas Kristof, New York Times "Order this book and read it immediately...This book gives you some great ways to understand and apply the whole idea of entrepreneurship/social entrepreneurship." --Tom Suddes, The Suddes Group, ForImpact.org "The most essential starter guide to the field I've yet seen." --Change.org "A great primer of social entrepreneurship, trends, and a look into the future." --Encouragizers "This book is an excellent way to get a snapshot of everything going on in the Social Entrepreneurship space." --RisingPyramid.org "Practical offer[s] concrete examples of the challenges faced by social ventures and shedding light on the issues that make social enterprises different from traditional businesses." --NextBillion.net "The first to give an excellent overview of what being a social entrepreneur is all about. You'll learn what the difference is between a social entrepreneurship and a regular business venture and traditional non-profits. If you think you want to innovate unique social solutions to unique social problems for your encore career, this is the place to start." --Lin Schreiber, founder of RevolutionizeRetirement.comTable of ContentsAcknowledgments A Note on Terms Introduction Part One: Defining Social Entrepreneurship What is social entrepreneurship? When did it emerge as a global movement? Who are the pioneers? What does a social entrepreneur do? What are social entrepreneurs like? What is the difference between social and business entrepreneurship? What are the differences between social entrepreneurship and government? How is social entrepreneurship different from activism? What is the relationship between social entrepreneurship and democracy? Part Two: Challenges of Causing Change What are the main financial constraints? How do social entrepreneurs build organizations and enterprises? Can the field attract and cultivate talented workers? How do social entrepreneurs evaluate their impact? What is the difference between scale and impact? What's stopping social change? Part Three: Envisioning an Innovating Society How is social entrepreneurship changing minds? How could schools nurture social innovators? What is being done at the university level? What can governments do to engage more successfully with social entrepreneurs? How is social entrepreneurship influencing business? Can philanthropy be more effective? How will the field of social entrepreneurship influence journalism? How can individuals prepare themselves to participate in the field of social entrepreneurship? Appendix A Selected Bibliography

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Book SynopsisA comprehensive and insightful look at the modern workplace and how employees are managed, where the new approach is driven by the quirks of financial accounting to the detriment of employees and the long-term success of the organization. Real wages have stagnated or declined for most workers, job insecurity has increased, and retirement income is uncertain. Hours of work for white collar employees have increased steadily, opportunities for advancement have withered, and evidence of the negative effects of workplace stress on health continues to accumulate. Why have jobs gotten so much worse? As Peter Cappelli argues, these issues are not a result of companies trying to be cost effective. They stem from the logic of financial accounting--the arbiter for determining whether a company is maximizing shareholder value--and its fundamental flaws in dealing with human capital. Financial accounting views employee costs as fixed costs that cannot be reduced and fails to account for the costs oTrade Review...a timely study that connects present-day labor shortages to the dehumanizing irrationality of the modern workplace. * Publishers Weekly *How and why are corporate jobs getting worse and worse over time? Peter Cappelli's latest book answers both these questions: corporations are pushed by accounting demands to squeeze employment costs and to rely on contractors and outsourcing to keep these costs off their books-even at the expense of HR practices supported by decades of research and experience. Our Least Important Asset is an arresting take on the source of our current employment malaise. * Jerry Davis, University of Michigan *Human capital expert Peter Cappelli has written an important new book addressing the fundamental question of why policies that value and build human capital are not only rare in practice but increasingly implemented. His insightful answer: financial accounting measures lead to a lose-lose situation in which companies and their employees suffer. Just as the ESG movement has broadened reporting, so the answer to improved productivity and employee wellbeing must begin in changes in accounting measures. * Jeffrey Pfeffer, Stanford Graduate School of Business *Peter Cappelli, one of the leading scholars of workforce management, offers a compelling explanation of the decline of human resource practices like careful hiring and performance evaluation and investment in training. Corporate fixation with shareholder value maximization operationalized through financial accounting practices has turned employees from a perceived asset to a liability. Cappelli's probing analysis shows that the popular bromide of convincing corporate leaders 'to do well by doing good' is not sufficient to stem the erosion of work. That makes Our Least Important Asset a must read for those who care about the future of work and workers. * David Weil, Brandeis University *A thought-provoking and important study for managers or faculty and students in business and management programs. * Library Journal *Cappelli's book is based on decades of research and experience in human resource management. He draws on a wealth of empirical evidence and case studies to illustrate his points. Cappelli's book is based on decades of research and experience in human resource management. He draws on a wealth of empirical evidence and case studies to illustrate his points. Highly recommended. All readership levels. * Choice *Table of ContentsPreface Introduction: The New Model and How We Got Here 1. Employment Practices Are Choices 2. Beyond Financial Accounting: What Drives Leaders 3. Hiring 4. The Rise of a New Industry and the Liquid Workforce 5. How Work Gets Done 6. The Impact on Employees Final Thoughts Notes Index

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Book SynopsisTrade ReviewIn times of the 'big quit,' questions about workplace relations have come to the fore of public discussions again -- and philosophers have turned to them as well. This volume brings together an interesting range of papers on philosophical dimensions of work, discussing both moral and institutional demands, from angles such as autonomy, reason-giving, or democracy. They are worth reading not only for where they agree but also for where they disagree, showing what normative values are at stake in the organization of work life. * Lisa Herzog, Author of Reclaiming the System: Moral Responsibility, Divided Labor, and the Role of Organizations in Society *This book offers a multi-angled look at the concept of relational egalitarianism in the workplace...this is a very readable, sometimes challenging book, important for the present moment. * Choice *Table of ContentsForeword Elizabeth Anderson 1. Introduction Grant J. Rozeboom and Julian David Jonker 2. What Is Wrong with the Commodification of Human Labor Power: The Argument from

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Book SynopsisTrade ReviewA novel and important book. Living With the Invisible Hand reveals that market arrangements, precisely like states, can be authoritarian. They direct people's choices in ways that are disrespectful of their status as free persons. Underscoring the limits of dominant views of economic life and economic agency, Hussein explores the normative and institutional requirements necessary to reconcile the existence of markets with the imperative of freedom. This will be a lasting contribution. * Chiara Cordelli, Department of Political Science, University of Chicago *Waheed Hussain has left us with a gift — a thoughtful, compelling, original theory about markets and freedom. Human freedom in a complex market economy is not simply about having lots of economic options. Instead, Hussain offers an anti-authoritarian economic ideal, in which companies as well as government enable and respond to our judgments, rather than short-circuiting them in the name of efficiency. * Joshua Cohen, Boston Review *Table of ContentsForeword by T.M. Scanlon Editorial Preface Preface Introduction 1. The Institutional Perspective 2. Liberal Freedom Is Not the Issue 3. Social Coordination Through a Dynamical System 4. Authoritarianism in a Coordination Mechanism 5. Reason-sensitivity, Transparency, and Trustworthiness 6. Does a Liberal Market Democracy Satisfy the Anti-Authoritarian Ideal? 7. The Dynamical View of Business Corporations 8. An Intermediated Market Arrangement Appendix: What is a Market Economy? Bibliography Index

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Book SynopsisIn Remote and Hybrid Work: What Everyone Needs to Know, long-time remote work scholar and consultant Barbara Z. Larson provides an accessible and critical resource for understanding the remote and virtual workplace, and how to lead in this new work environment. Remote and hybrid work have become defining features of the twenty-first century workplace, and affect almost all of us, including those who work daily in the office. As many people discover the benefits and challenges of working from home, co-workers are contending with emptier offices and virtual teams, managers are learning how to lead from a distance, and businesses and governments are working through the policy implications of a new model of work.In Remote and Hybrid Work: What Everyone Needs to Know, Barbara Z. Larson addresses key questions regarding the contemporary workplace: what is the difference between virtual work and remote work? How common is remote work, and what changed due to the COVID-19 pandemic? Is there a

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Book SynopsisThe Oxford Handbook of Gender in Organizations is a comprehensive analysis of thinking and research on gender in organizations with original contributions from key international scholars in the field.Trade ReviewWhat this Handbook offers is a broad range of theoretical approaches and future directions for the study of gender and organizations, drawn from different disciplines. * Tessa Wright, Work, Employment and Society *Table of ContentsPART I. THEORIZING GENDER AND ORGANIZATIONS ; PART II. GENDER IN LEADERSHIP AND MANAGEMENT ; PART III. GENDER AND CAREERS ; PART IV. MASCULINITIES IN ORGANIZATIONS

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Book SynopsisDoes business just exist to maximise shareholder profit? The belief it does has had disastrous consequences for our economies, environment, politics, and societies, argues Colin Mayer. In an urgent call for reform, he sets out an agenda to remake the corporation into a powerful force for promoting economic and social wellbeing in its fullest sense.Trade ReviewMayer of the Saïd Business School at Oxford is one of the world's foremost critics of the idea that the aim of companies is to maximise shareholder value. This, he argues cogently, represents a betrayal of one of humanity's most extraordinary inventions. * Martin Wolf, Books of the Year 2018, The Financial Times *[A] remarkable and radical new book. * Martin Wolf, The Financial Times *Mayer's manifesto recasts the company's place in society. * Andrew Edgecliffe-Johnson, the Financial Times04/01/2019 *His [Colin Mayer's] book is a resounding paean and radical road map towards a bright future for the corporation and capitalism. * Andrew Hill, The Financial Times *The book is far more than a manifesto for change ... Mayer's book performs a great service. * Richard Bronk, the Society of Professional Economists, Reading Room (open access) *Excellent ... a vitally important subject and it's a really well-written book. * Diane Coyle, The Enlightened Economist *A book that will transform the attitudes and perspectives of corporations. * Robert L. Brown, Juriste International *A powerful reply to the steadily increasing criticism of free market business... So far, the defenders of capitalism have failed to find a convincing voice or to offer any significant ways to improve how business is perceived. Now Colin Mayer provides answers and a coherent manifesto for change. * Peter Chadwick, IEDP Book Reviews *Our world does not have long for business to escape its 40 year-long capture by the Chicago school. This book is an historic milestone in economic theory because it marks the final nail in Milton Friedman's intellectual coffin. It does this by illuminating a pragmatic pathway for business and policy makers to follow, to escape an anachronistic orthodoxy that is killing our beautiful planet and our precious communities. They must study it closely and then move fast, so that we all - and those who come after us - might avoid calamity and, instead, prosper. * James Perry, Chairman of Cook *Here is the case for reinventing the corporation so that it serves human well-being. Colin Mayer shows both why an exclusive focus on shareholder value is damaging, and how purposeful changes could support trustworthy corporations that combine social and business benefits. * Baroness Onora O'Neill of Bengarve, Emeritus Professor of Philosophy, University of Cambridge *In his humane and readable book, Colin Mayer makes a compelling case for a new concept of the corporation, and the need to treat corporate purpose as far more than shareholder value. In showing how restoring trust is key to a true future prosperity, it will reframe much of our thinking on this central subject. * The Hon. Mr Justice William Blair, High Court Judge of England and Wales. *A wonderful manifesto for change and essential reading for any who remain to be convinced that business can - and should - be a force for a societal good. One of the most insightful and comprehensive accounts yet of how - and why - the corporation needs to change if it is to meet the needs and expectations of a new era. Thoughtful and well-argued, Mayer has done the cause of enlightened capitalism great service. * Paul Polman, CEO, Unilever *Rarely in the history of economics and law does a person observe the current state of the world, recognize its deficiencies, and put forth a policy and paradigm that is destined to change the world. John Maynard Keynes in the twenties and thirties and now Colin Mayer are prime examples. This book is destined to be the "bible" of the Mayer-Paradigm of corporate governance and the template for the policy changes that are necessary to implement it. * Martin Lipton, Senior Partner Wachtell, Lipton, Rosen & Katz *Businesses have a duty to do well by stakeholders as well as shareholders. How did too many corporations lose their sense of purpose? What is the right path to build responsible, sustainable relationships with society? This insight-rich book offers a comprehensive guide for restoring trust between companies, consumers, and communities. Professor Mayer makes a compelling argument that the purpose and values of modern corporations have been diluted and it will take the work of executives, legislators, regulators, bankers, investors, and even shareholders to fix. * Dominic Barton, Global Managing Partner Emeritus, McKinsey & Company *The financial crisis and its aftermath called for answers - questions were raised instead. Our corporate and political environments have been severely shaken for more than a decade. We have to find new approaches and look for better answers to bring our social market economies into balance. Colin Mayer relentlessly challenges conventional wisdom, combining diverse academic fields and bringing business to meet academia. Prosperity is building on a wealth of research looking at the broader picture and its many corners to seek appropriate answers to the challenges of our world. Is 'purpose first, prosperity follows' the answer? * Daniela Weber-Rey, non-executive director of HSBC Trinkaus & Burkhardt and Fnac-Darty *Colin Mayer has elevated the conversation about business and society. Bold enough to reimagine an economic system, specific enough to drive action, Prosperity introduces the higher-order thinking necessary to build a more Inclusive Capitalism. * Lynn Forester de Rothschild, CEO of E.L. Rothschild and the Coalition for Inclusive Capitalism *With characteristic courage and purposeful passion, Mayer challenges the status quo as to who corporations serve and benefit. Prosperity presents a paradigm shift, revealing tomorrow's corporation today. It marks the start of a new age of enlightenment, which will stimulate the sensibilities of all who care about the role of business in society. * Guy Jubb, former Global Head of Governance and Stewardship, Standard Life Investments *This is a timely and highly insightful treatise on the urgent need to revisit today's misguided and simplistic views on the purpose of the corporation. It is a significant contribution addressing the growing economic and social challenges confronting us today. * Cyrus Ardelan, Chairman, Citigroup Global Markets Ltd *Prosperity makes a limpidly clear and convincing case for an urgent re-think of the role of business in society. The fifty years since Friedman gave the doctrine of 'shareholder value' totemic significance have seen the interests of proprietors, governments and communities diverge. This has produced unacceptable inequalities in outcomes and shocking destruction of the environment. The arguments Colin makes for radical reform of the role of the corporation in society are compelling, and rooted in common sense and fairness. I hope that many others involved in defining the purpose of their businesses learn as much from Prosperity as I have. * Peter Norris, Chairman of Virgin Group *One of the most pressing questions facing the world today is 'What is the role of the corporation in society?' Thanks to Professor Colin Mayer we now have a definitive answer: the corporation's role is to fulfill its purpose. In an intellectual and very readable tour de force, Professor Mayer brings to bear an astonishing range of academic disciplines to present a very practical framework for how company's need to be managed today. For their own sake and the sake of us all. * Robert Eccles, Founding Chairman of the Sustainability Accounting Standards Board and Professor of Management Practice, University of Oxford *Table of ContentsPart I: Principles 1: Purpose 2: ValuesPart II: Provenance 3: Evolution 4: OwnershipPart III: Practice 5: Governance 6: PerformancePart IV: Policy 7: Law 8: RegulationPart V: Partnership 9: Finance 10: Investment

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