CEMEditor

The publication of yet another left of centre book asking “What has gone wrong with American capitalism and what should be done to fix it?” may provoke a sigh or a yawn. However, in the case of The Wolf at the Door such a reaction would be misplaced. It is a constructive and engaging book that has things to say that are worth considering. Its starting point is that there is a serious economic and consequent social problem in the USA that is giving rise to dangerous populism both of…

The Future of Capitalism tackles one of the big issues of our time. Its impressive author, Sir Paul Collier, CBE, FBA is a distinguished member of the Blavatnik School of Government at the University of Oxford and a seasoned practitioner in development economics for which he received a knighthood. He is convinced that capitalism is the only economic system which can generate mass prosperity. Regrettably it has also divided societies, created dysfunctional democracies and posed risks to the planet. More than that he claims it is morally bankrupt. The challenge…

This book is a concise attempt to grapple with the subject of the global economy, especially in the light of events such as the Brexit decision and the election of Donald Trump. Written by two business practitioners, it has a clear and slightly breathless style – one might almost say, an executive summary stretched over 150 pages. The book is set out in four parts: (1) The World Today; (2) The Changing Worldview; (3) The Tumultuous World; (4) The World Tomorrow. While there are connections and overlaps in terms of…

  Dr Justin Thacker describes Global Poverty: A Theological Guide as “In essence … a systematic theology of global poverty” (page 2). He explains that, in terms of the public apologetic content of the book, he has two primary aims: first, to issue a “plea for a reformed capitalism” and, secondly, to suggest “on theological grounds” that aid is not a long-term solution and should rather be viewed as “an essential but temporary measure” (page 4). He states that global poverty is complex and that there are no quick fixes…

Thomas Piketty’s Capital in The Twenty-First Century, published in 2013 (English edition, 2014), is the economics equivalent of Stephen Hawking’s A Brief History of Time: it is a technical book that has secured mass sales, over two and a quarter million copies having been sold worldwide. One may wonder how many of the purchasers have read and properly understood it but there is no doubt that it has achieved almost cult status among those on the left of the political spectrum. Its reception amongst economists has been mixed with divisions…

As an economic system, unfettered capitalism in the post-recession era has come under considerable scrutiny. Reports of business scandals and misdealings, as well as serious social inequalities, are but a few of the most cited examples. In the face of these criticisms, proponents of capitalism have come to its defence. In “The Ethical Capitalist”, entrepreneur Julian Richer joins these proponents, arguing not only that capitalism is the only viable option but also that, when pursued responsibly, it is a force for good. The founder and owner of the remarkably successful…

  Theology for Changing Times is a diverse collection of essays by different authors, all responding to a greater or lesser extent to the work of John Atherton, who died in 2016. Atherton was one of the leading practitioners of his generation when it came to Anglican ‘public theology’, part of a tradition that included William Temple and Ronald Preston, and is now represented by Malcolm Brown and others. It is rather a piece-meal book and, for me, it did not really in the end describe a coherent or systematic…

The Centre for Enterprise, Markets, and Ethics (CEME) was pleased to co-host a roundtable discussion with St. Mary’s University on the 31st October 2019. The event took place at the London Stock Exchange and focused on the issue of Corporate Executive Remuneration. Dr Andrew Hartropp presented his latest publication on the subject, followed by a debate that challenged the varied approaches to this contentious issue - a copy of the publication can be found here. Notable participants included: - Christopher Stephens, (Chairman, OCS logistics group) - Bishop Peter Selby -…

Some of the most important conversations in Christianity today involve questions of justice and how Christians should not only respond as individuals and as members of the “holy catholic church” to injustice, but also be positive catalyst of just societies and social institutions.  It is heartbreaking for those of us within the camp of Christianity to look into the past and see ways in which those who have come before in our tradition have sometimes actively contributed to injustice due to cultural blinders, a lack of familiarity with social or…

Many books about business management or corporate responsibility use historical situations to illustrate or, at least to the satisfaction of their authors, prove their theories. Quakers, Business and Corporate Responsibility adopts the opposite approach: it examines a particular historical model of business management and corporate responsibility (that of the Quakers) and seeks to draw conclusions and raise questions that are of wider relevance. It comprises a collection of essays relating to Quaker business practices and their economic and social views, which cover “topics that encompass both a historical and contemporary…

In Prosperity, Colin Mayer presents an ambitious case for redefining the corporation to focus on social purpose, yet his proposals risk undermining the property rights and market discipline essential to long-term economic success.