Results by title

24 books match the query 'Social responsibility of business'

cover of Advocacy after Bhopal: Environmentalism, Disaster, New Global Orders

Advocacy after Bhopal

Environmentalism, Disaster, New Global Orders

Kim Fortun

University of Chicago Press, 2001

The 1984 explosion of the Union Carbide chemical plant in Bhopal, India was undisputedly one of the world's worst industrial disasters. Some have argued that the resulting litigation provided an "innovative model" for dealing with the global distribution of technological risk; others consider the disaster a turning point in environmental legislation; still others argue that Bhopal is what globalization looks like on the ground.

Kim Fortun explores these claims by focusing on the dynamics and paradoxes of advocacy in competing power domains. She moves from hospitals in India to meetings with lawyers, corporate executives, and environmental justice activists in the United States to show how the disaster and its effects remain with us. Spiraling outward from the victims' stories, the innovative narrative sheds light on the way advocacy works within a complex global system, calling into question conventional notions of responsibility and ethical conduct. Revealing the hopes and frustrations of advocacy, this moving work also counters the tendency to think of Bhopal as an isolated incident that "can't happen here."
[more]
cover of Banking for a Better World: Nanno Kleiterp in Conversation with Marijn Wiersma

Banking for a Better World

Nanno Kleiterp in Conversation with Marijn Wiersma

Nanno Kleiterp

Amsterdam University Press, 2017

When we look at all the challenges facing the world, including inequality, population migration, and climate change, we can see a role for development banking in nearly all of them. But will that role be played for good or ill? This book brings together two people who collectively draw on their forty-five years of experience in that world to argue that development banking can-and must-play a constructive role. We only need to read the news to find public outrage at tales of short-sighted greed in the financial world. But what happens when banks invest in long-term sustainability? Readers will find a fascinating example in the journey of the Dutch development bank FMO. At times global in perspective, at other moments intimately personal, Banking for a Better World interweaves candid anecdotes with development history, as well as banking lessons with client interviews, to deliver a powerful argument for a business model that generates profit through impact, and impact through profit. This is an important and accessible must-read for anyone involved in banking, business, policy making, and civil society as a whole. Banking for a Better World challenges us to start finding overlaps between our own lives and global issues and to bridge the distance between our personal needs and those of our planet.
[more]
cover of Beyond the Boycott: Labor Rights, Human Rights, and Transnational Activism

Beyond the Boycott

Labor Rights, Human Rights, and Transnational Activism

Gay W. Seidman

Russell Sage Foundation, 2007

As the world economy becomes increasingly integrated, companies can shift production to wherever wages are lowest and unions weakest. How can workers defend their rights in an era of mobile capital? With national governments forced to compete for foreign investment by rolling back legal protections for workers, fair trade advocates are enlisting consumers to put market pressure on companies to treat their workers fairly. In Beyond the Boycott, sociologist Gay Seidman asks whether this non-governmental approach can reverse the "race to the bottom" in global labor standards. Beyond the Boycott examines three campaigns in which activists successfully used the threat of a consumer boycott to pressure companies to accept voluntary codes of conduct and independent monitoring of  work sites. The voluntary Sullivan Code required American corporations operating in apartheid-era South Africa to improve treatment of their workers;  in India, the Rugmark inspection team provides 'social labels' for  handknotted carpets made without child labor; and in Guatemala,  COVERCO monitors conditions in factories producing clothing under contract for major American brands. Seidman compares these cases to explore the ingredients of successful campaigns, as well as the inherent limitations facing voluntary monitoring schemes. Despite activists' emphasis on educating individual consumers to support ethical companies, Seidman finds that, in practice, they have been most successful when they mobilized institutions—such as universities, churches, and shareholder organizations. Moreover, although activists tend to dismiss states' capabilities, all three cases involved governmental threats of trade sanctions against companies and countries with poor labor records. Finally, Seidman  points to an intractable difficulty of independent workplace monitoring: since consumers rarely distinguish between monitoring schemes and labels, companies can hand pick monitoring organizations, selecting those with the lowest standards for working conditions and the least aggressive inspections. Transnational consumer movements can increase the bargaining power of the global workforce, Seidman argues, but they cannot replace national governments or local campaigns to expand the meaning of citizenship. As trade and capital move across borders in growing volume and with greater speed, civil society and human rights movements are also becoming more global. Highly original and thought-provoking, Beyond the Boycott vividly depicts the contemporary movement to humanize globalization—its present and its possible future. A Volume in the American Sociological Association's Rose Series in Sociology
[more]
cover of Chefs, Restaurants, and Culinary Sustainability

Chefs, Restaurants, and Culinary Sustainability

Carole Counihan

University of Arkansas Press, 2025

The centrality of food to the human experience always places it at the crux of global crises, whether catastrophic climate change, the collapse of biodiversity in our shared ecosystem, the threat of pandemics, or the poverty and suffering associated with resource scarcity. The continual reality of these challenges has prompted professionals throughout the food industry to seek innovative solutions, as chefs and restaurateurs adjust to customer demands and political imperatives for socially responsible civic action.
 
Chefs, Restaurants, and Culinary Sustainability explores how chefs around the world approach culinary sustainability in highly unstable times while working in myriad professional domains. Building on empirical data collected from a wide range of cultural, historical, political, and economic settings, the contributors to this collection provide a sophisticated and engaging examination of how chefs in diverse culinary contexts tackle the increasingly urgent societal and environmental need for a more secure food future.
[more]
cover of Civic Empowerment in an Age of Corporate Greed

Civic Empowerment in an Age of Corporate Greed

Edward C. Lorenz

Michigan State University Press, 2012

A thought-provoking investigation of an urgent issue facing American communities today, Edward C. Lorenz’s book examines the intersection of corporate irresponsibility and civic engagement. At the heart of this case study is a group of firms responsible for seven of the most contaminated Superfund sites in the United States, the largest food contamination accident in U.S. history, stunning stock and financial manipulations, and a massive shift of jobs off shore. In the face of these egregious environmental, employee, and investor abuses, several communities impacted by these firms organized to confront and combat failures in corporate and bureaucratic leadership, winning notable victories over major financiers, lobbyists, and indifferent or ineffective government agencies. A critical analysis of public and private leadership, business and economic ethics, and civic life, this book concludes with a stirring blueprint for other communities facing similarly overwhelming opposition.

[more]
cover of Corporate Social Responsibility?: Human Rights in the New Global Economy

Corporate Social Responsibility?

Human Rights in the New Global Economy

Edited by Charlotte Walker-Said and John D. Kelly

University of Chicago Press, 2015

With this book, Charlotte Walker-Said and John D. Kelly have assembled an essential toolkit to better understand how the notoriously ambiguous concept of corporate social responsibility (CSR) functions in practice within different disciplines and settings. Bringing together cutting-edge scholarship from leading figures in human rights programs around the United States, they vigorously engage some of the major political questions of our age: what is CSR, and how might it render positive political change in the real world?
           
The book examines the diverse approaches to CSR, with a particular focus on how those approaches are siloed within discrete disciplines such as business, law, the social sciences, and human rights. Bridging these disciplines and addressing and critiquing all the conceptual domains of CSR, the book also explores how CSR silos develop as a function of the competition between different interests. Ultimately, the contributors show that CSR actions across all arenas of power are interdependent, continually in dialogue, and mutually constituted. Organizing a diverse range of viewpoints, this book offers a much-needed synthesis of a crucial element of today’s globalized world and asks how businesses can, through their actions, make it better for everyone. 
[more]
cover of Everyone's Business: What Companies Owe Society

Everyone's Business

What Companies Owe Society

Amit Ron and Abraham A. Singer

University of Chicago Press, 2024

Business is political. What are the ethics of it?

Businesses are political actors. They not only fund political campaigns, take stances on social issues, and wave the flags of identity groups – they also affect politics in their everyday hiring and investment decisions. As a highly polarized public demands political alignment from the powerful businesses they deal with, what’s a company to do?

Amit Ron and Abraham Singer show that the unavoidably political role of companies in modern life is both the fundamental problem and inescapable fact of business ethics: corporate power makes business ethics necessary, and business ethics must strive to mitigate corporate power. Because of its economic and social influence, Ron and Singer forcefully argue that modern business’s primary social responsibility is to democracy. Businesses must work to avoid wielding their power in ways that undermine key democratic practices like elections, public debate, and social movements. Pragmatic and urgent, Everyone’s Business offers an essential new framework for how we pursue profit—and democracy—in our increasingly divided world.

[more]
cover of Free Markets with Solidarity and Sustainability

Free Markets with Solidarity and Sustainability

Martin Schlag

Catholic University of America Press, 2016

The contributors to Free Markets with Sustainability and Solidarity, who represent a unique combination of European and American scholars, present their reflections on evolving forms of economics. All are unified by a holistic, Christian anthropology, from which they draw epistemological consequences for free markets and a free society.
[more]
cover of Global Corporate Citizenship

Global Corporate Citizenship

Anuradha Dayal-Gulati and Mark Finn

Northwestern University Press, 2006

Global Corporate Citizenship looks at issues of corporate responsibility globally, not just at multinational corporations operating worldwide, but at companies in developing countries facing important challenges within their own countries.

Featuring impressive original field research by Kellogg School of Management graduate students in the Global Initiatives in Management program, individual sections of the book are dedicated to issues of corporate citizenship in a wide range of countries including China, Vietnam, Thailand, Argentina, and South Africa. An introduction by Kellogg professor Daniel Diermeier sets the book in context as corporations come to terms with the complex issues facing the significance and limits of global corporate citizenship.

[more]
cover of In the River They Swim: Essays from Around the World on Enterprise Solutions to Poverty

In the River They Swim

Essays from Around the World on Enterprise Solutions to Poverty

Michael Fairbanks

Templeton Press, 2009

The sociologist Thomas Sowell writes, "We need to confront the most blatant fact that has persisted across centuries of social history—vast ddifferences in productivity among peoples, and the economic and other consequences of such differences." Poverty demeans dignity, shrinks the soul, wastes potential, and inflicts suffering on three billion people on our planet. We must also acknowledge that, during the past fifty yyears, the record in international assistance to the least developed countries has been disappointing; the economics-based abstractions developed in the think tanks of Europe and North America are insufficient.

In the River They Swim is the antithesis to that search for solutions the next big theory of global poverty. From the fresh perspective of advisors on the frontlines of development to the insight of leaders like President Paul Kagame of Rwanda and Pastor Rick Warren, it tells the story of change in the microcosms of emerging businesses, industries, and governments. These essays display a personal nature to their work that rigorous analysis alone cannot explain.

We learn that a Sufi master can teach us about the different levels of knowledge, the "different ways to know a river." These practitioners could have written about its length, its source, its depth, its width, the power of its current, and the life it contains. They could have invested time and money to travel to that river so that they could sit on its shores and look at it, feel the sand that borders it, and watch the birds at play over it. Instead, they dove in to swim in the river, felt its current along their bodies, and tasted something of it. They wondered, briefly, if they had the strength to swim its length, and now they share the answer.

If human development is a river, the authors in this volume, and perhaps some readers, will no longer be satisfied to stand along its banks.

[more]
cover of Investing in the Homeland: Migration, Social Ties, and Foreign Firms

Investing in the Homeland

Migration, Social Ties, and Foreign Firms

Benjamin A.T. Graham

University of Michigan Press, 2019

Once viewed as a “brain drain,” migrants are increasingly viewed as a resource for promoting economic development back in their home countries. In Investing in the Homeland, Benjamin Graham finds that diasporans—migrants and their descendants—play a critical role in linking foreign firms to social networks in developing countries, allowing firms to flourish even in challenging political environments most foreign investors shun.

Graham’s analysis draws on new data from face-to-face interviews with the managers of over 450 foreign firms operating in two developing countries: Georgia and the Philippines. Diaspora-owned and diaspora-managed firms are better connected than other foreign firms and they use social ties to resolve disputes and influence government policy. At the same time, Graham shows that diaspora-affiliated firms are no more socially responsible than their purely foreign peers—at root, they are profit-seeking enterprises, not development NGOs. Graham identifies implications for policymakers seeking to capture the development potential of diaspora investment and for managers of multinational firms who want to harness diasporans as a source of sustained competitive advantage.
[more]
cover of It's Legal but It Ain't Right: Harmful Social Consequences of Legal Industries

It's Legal but It Ain't Right

Harmful Social Consequences of Legal Industries

Nikos Passas and Neva Goodwin

University of Michigan Press, 2005

"It's Legal but It Ain't Right chronicles the abuse of power and privilege by businesses that defy the strictures of law and limits of regulation. Contributors stretch the conceptual boundaries of corporate deviance across a wide range of industries at a time when standards of corporate social responsibility and good corporate citizenship are in flux."
--William S. Laufer, Professor, The Wharton School of Business

"This delightful and serious book involves a matter I have long felt of first importance. That is our tendency to make social truth and acceptance conform to personal or larger corporate interests. On this I have written , but gladly yield to this persuasive parallel. No one concerned with literate, informed, and relevant---as distinct from self-serving---truth should miss It's Legal but It Ain't Right."
--John Kenneth Galbraith

"This absorbing and well-written book of essays on the harmful consequences of legal industries skillfully illuminates the ways in which some corporate harms fail to be transformed into criminal law-making and enforcement, and offers cogent suggestions for better regulation in the public interest."
--Dr. Michael Levi, Professor of Criminology, Cardiff University


Many U.S. corporations and the goods they produce negatively impact our society without breaking any laws. We are all too familiar with the tobacco industry's effect on public health and health care costs for smokers and nonsmokers, as well as the role of profit in the pharmaceutical industry's research priorities. It's Legal but It Ain't Right tackles these issues, plus the ethical ambiguities of legalized gambling, the firearms trade, the fast food industry, the pesticide industry, private security companies, and more. Aiming to identify industries and goods that undermine our societal values and to hold them accountable for their actions, this collection makes a valuable contribution to the ongoing discussion of ethics in our time.

This accessible exploration of corporate legitimacy and crime will be important reading for advocates, journalists, students, and anyone interested in the dichotomy between law and legitimacy.
[more]
cover of Junctures in Women's Leadership: Business

Junctures in Women's Leadership

Business

Hetfield, Lisa

Rutgers University Press, 2016

How have women managed to break through the glass ceiling of the business world, and what management techniques do they employ once they ascend to the upper echelons of power? What difficult situations have these female business leaders faced, and what strategies have they used to resolve those challenges? 
 
Junctures in Women’s Leadership: Business answers these questions by highlighting the professional accomplishments of twelve remarkable women and examining how they responded to critical leadership challenges. Some of the figures profiled in the book are household names, including lifestyle maven Martha Stewart, influential chef Alice Waters, and trailblazing African-American entrepreneur Madame C.J. Walker. Others have spent less time in the public eye, such as Johnson & Johnson executive JoAnn Heffernan Heisen, Verizon Senior Vice President Diane McCarthy, Wells Fargo technology leader Avid Modjtabai, Xerox CEO Ursula Burns, Spanx founder Sara Blakely, inventor Jane ni Dhulchaointigh, engineering firm President Roseline Marston, Calvert Investments President and CEO Barbara Krumsiek, and Merrill Lynch executive Subha Barry. These women, from diverse backgrounds, have played important roles in their respective corporations and many have worked to improve the climate for women in male-dominated industries. 
 
This is a book about women who are leading change in business. Their stories illuminate the ways women are using their power and positions—whether from the middle ranks or the top, whether from within companies or by creating their own companies.  Each case study in Junctures in Women’s Leadership: Business includes a compelling and instructive story of how a woman business leader handled a critical juncture or crisis in her career.  Not only does the book offer an inspiring composite portrait of women succeeding in the business world, it also provides leadership lessons that will benefit readers regardless of gender.
 
[more]
cover of Manufacturing Discontent: The Trap of Individualism in Corporate Society

Manufacturing Discontent

The Trap of Individualism in Corporate Society

Michael Perelman

Pluto Press, 2005

Corporate power has a huge impact on the rights and privileges of individuals—as workers, consumers, and citizens. This book explores the myth of individualism, which makes people perceive themselves as having choices, when in fact most peoples' options are very limited.



Perelman describes the manufacture of unhappiness—the continual generation of dissatisfaction with products people are encouraged to purchase and quickly discard—and the complex techniques corporations employ to avoid responsibility and accountability to their workers, consumers and the environment. He outlines ways in which individuals can surpass individualism and instead work together to check the growing power of corporations.



While other books have surveyed the corporate landscape, or decried modern consumerism, Perelman, a professor of economics, places these ideas within a proper economic and historical context. He explores the limits of corporate accountability and responsibility, and investigates the relation between a wide range of phenomena such as food, fear and terrorism. Highly readable, Manufacturing Discontent will appeal to anyone with an interest in the way society works—and what really determines the rights of individuals in a corporate society.



Michael Perelman, Professor of Economics at California State University, Chico, received his Ph.D. from the University of California, Berkeley. He is the author of several books on economics and economic thought, including Railroading Economics (Routledge, 2006); Class Warfare in the Information Age (Palgrave Macmillan, 2000); The Invention of Capitalism (Duke University Press, 2000) and The Perverse Economy (Palgrave Macmillan, 2003).

[more]
cover of Political Standards: Corporate Interest, Ideology, and Leadership in the Shaping of Accounting Rules for the Market Economy

Political Standards

Corporate Interest, Ideology, and Leadership in the Shaping of Accounting Rules for the Market Economy

Karthik Ramanna

University of Chicago Press, 2015

Prudent, verifiable, and timely corporate accounting is a bedrock of our modern capitalist system. In recent years, however, the rules that govern corporate accounting have been subtly changed in ways that compromise these core principles, to the detriment of the economy at large. These changes have been driven by the private agendas of certain corporate special interests, aided selectively—and sometimes unwittingly—by arguments from business academia
           
With Political Standards, Karthik Ramanna develops the notion of “thin political markets” to describe a key problem facing technical rule-making in corporate accounting and beyond. When standard-setting boards attempt to regulate the accounting practices of corporations, they must draw on a small pool of qualified experts—but those experts almost always have strong commercial interests in the outcome. Meanwhile, standard setting rarely enjoys much attention from the general public. This absence of accountability, Ramanna argues, allows corporate managers to game the system. In the profit-maximization framework of modern capitalism, the only practicable solution is to reframe managerial norms when participating in thin political markets. Political Standards will be an essential resource for understanding how the rules of the game are set, whom they inevitably favor, and how the process can be changed for a better capitalism.
[more]
cover of Reckoning with Harm: The Toxic Relations of Oil in Amazonia

Reckoning with Harm

The Toxic Relations of Oil in Amazonia

Amelia Fiske

University of Texas Press, 2023

2025 Margaret Mead Award, Society for Applied Anthropology (SfAA) and the American Anthropological Association (AAA)

An ethnography of the Ecuadorian Amazon that demonstrates the need for a relational, place-based, contingent understanding of harm and toxicity.

Reckoning with Harm is a striking ethnographic analysis of the harm resulting from oil extraction. Covering fifty years of settler colonization and industrial transformation of the Ecuadorian Amazon, Amelia Fiske interrogates the relations of harm. She moves between forest-courtrooms and oily waste pits, farms and toxic tours, to explore both the ways in which harm from oil is entangled with daily life and the tensions surrounding efforts to verify and redress it in practice. Attempts to address harm from the oil industry in Ecuador have been consistently confounded by narrow, technocratic understandings of evidence, toxicity, and responsibility. Building on collaborators’ work to contest state and oil company insistence that harm is controlled and principally chemical in nature, Fiske shows that it is necessary to refigure harm as relational in order to reckon with unremediated contamination of the past while pushing for broad forms of accountability in the present. She theorizes that harm is both a relationship and an animating feature of relationships in this place, a contingent understanding that is needed to contemplate what comes next when living in a toxic world.

[more]
cover of Resisting Extractivism: Peruvian Gold, Everyday Violence, and the Politics of Attention

Resisting Extractivism

Peruvian Gold, Everyday Violence, and the Politics of Attention

Michael Wilson Becerril

Vanderbilt University Press, 2021

ACRL's Choice Outstanding Academic Title of 2021

Peru is classified as one of the deadliest countries in the world for environmental defenders, where activists face many forms of violence. Through an ethnographic and systematic comparison of four gold-mining conflicts in Peru, Resisting Extractivism presents a vivid account of subtle and routine forms of violence, analyzing how meaning-making practices render certain types of damage and suffering noticeable while occluding others. The book thus builds a theory of violence from the ground up—how it is framed, how it impacts people’s lived experiences, and how it can be confronted. By excavating how the everyday interactions that underlie conflicts are discursively concealed and highlighted, this study assists in the prevention and transformation of violence over resource extraction in Latin America.

The book draws on a controlled, qualitative comparison of four case studies, extensive ethnographic research conducted over fourteen months of fieldwork, analysis of over nine hundred archives and documents, and unprecedented access to more than 250 semi-structured interviews with key actors across industry, the state, civil society, and the media. Michael Wilson Becerril identifies, traces, and compares these dynamics to explain how similar cases can lead to contrasting outcomes—insights that may be usefully applied in other contexts to save lives and build better futures.
[more]
cover of Shut Down the Business School: What's Wrong with Management Education

Shut Down the Business School

What's Wrong with Management Education

Martin Parker

Pluto Press, 2018

Even as higher education is under attack, one area is thriving: business schools. Shut Down the Business School explains why—and builds a convincing case that they are pernicious and should be closed. Martin Parker writes his polemic from the inside, drawing on his experience as a professor of management, and showing us that business schools are little more than loudspeakers for neoliberal capitalism, designed to produce unreflective managers whose primary focus is on their own personal rewards. If we believe that universities have responsibilities to society, Parker argues, then we must challenge the very foundation of the business school and its emphasis on the market above all else.
[more]
cover of Social Enterprise: A Global Comparison

Social Enterprise

A Global Comparison

Edited by Janelle A. Kerlin

University Press of New England, 2009

Social enterprise—the use of market-based, civil society approaches to address social issues—has been a growing phenomenon for over twenty years. Gathering essays by researchers and practitioners from around the globe, this volume examines, from a local perspective, the diverse ways in which social enterprise has emerged in different regions. Each chapter examines the conceptualization, history, legal and political frameworks, supporting institutions, and latest developments and challenges for social enterprise in a given region or country. In the final chapter, Janelle A. Kerlin presents a comparative analysis of the various models and contexts for social enterprise, showing how particular strengths in each environment lead to different enterprise initiative models.
[more]
cover of The Many Futures of Work: Rethinking Expectations and Breaking Molds

The Many Futures of Work

Rethinking Expectations and Breaking Molds

Edited by Peter A. Creticos, Larry Bennett, Laura Owen, Costas Spirou, and Maxine Morphis-Riesbeck

Temple University Press, 2021

What will work eventually look like? This is the question at the heart of this timely collection. The editors and contributors—a mix of policy experts, academics, and advocates—seek to reframe the typical projections of the “future” of work. They examine the impact of structural racism on work, the loss of family‑sustaining jobs, the new role of gig work, growing economic inequality, barriers to rewarding employment such as age, gender, disability, and immigration status, and the business policies driving these ongoing challenges. 

Together the essays present varied and practical insights into both U.S. and global trends, discuss the role of labor activism in furthering economic justice, and examine progressive strategies to improve the experience of work, wages, and the lives of workers. The Many Futures of Work offers a range of viable policies and practices that can promote rewarding employment and steer our course away from low-wage, unstable jobs toward jobs that lead to equitable prosperity and economic inclusion.

[more]
cover of The Mine Next Door: Turning Points in Corporate Social Responsibility Communicative Practice

The Mine Next Door

Turning Points in Corporate Social Responsibility Communicative Practice

Amy O'Connor

University of Michigan Press, 2026

The Mine Next Door peels back the veneer of corporate public relations to expose the jagged edges that define the boundaries of corporate social responsibility (CSR) in Minnesota’s Iron Range. With five years of ethnographic and archival research, Amy O’Connor was able to interview over seventy people, including miners, retired miners, community members, elected officials, and representatives from Cleveland-Cliffs Inc. In addition to illuminating the everyday lives of Minnesota’s taconite miners and community members, she compares the corporate narratives of CSR with these lived experiences to reveal how CSR boundaries are co-constructed, contested, and consequential. 

In this rare ethnographic account of iron ore mining in the United States, O’Connor shows how turning points—whether macrolevel (e.g., capitalism, governmental policy, and regulation) or microlevel (e.g., miner experiences, local culture, company proclivities)—create CSR communicative practice boundaries that are influenced by culture, history, and geography. The permanence and precariousness of the mining industry offers a unique opportunity to show how corporations, workers, and communities both collaborate and clash. The Mine Next Door argues that to understand CSR communicative practices, we must move beyond the staid, homogeneous CSR reports and glossy public relations documents to reveal the messy and contradictory moments of decision wherein corporations and communities determine where a company has power and responsibility.

[more]
cover of The Politics of Value: Three Movements to Change How We Think about the Economy

The Politics of Value

Three Movements to Change How We Think about the Economy

Jane L. Collins

University of Chicago Press, 2017

The Great Recession not only shook Americans’ economic faith but also prompted powerful critiques of economic institutions. This timely book explores three movements that gathered force after 2008: the rise of the benefit corporation, which requires social responsibility and eschews share price as the best metric for success; the emergence of a new group, Slow Money, that fosters peer-to-peer investing; and the 2011 Wisconsin protests against a bill restricting the union rights of state workers.

Each case shows how the concrete actions of a group of citizens can prompt us to reflect on what is needed for a just and sustainable economic system. In one case, activists raised questions about the responsibilities of business, in the second about the significance of local economies, and in the third about the contributions of the public sector. Through these movements, Jane L. Collins maps a set of cultural conversations about the types of investments and activities that contribute to the health of the economy. Compelling and persuasive, The Politics of Value offers a new framework for viewing economic value, one grounded in thoughtful assessment of the social division of labor and the relationship of the state and the market to civil society.
[more]
cover of The Unaccountability Machine: Why Big Systems Make Terrible Decisions—and How the World Lost Its Mind

The Unaccountability Machine

Why Big Systems Make Terrible Decisions—and How the World Lost Its Mind

Dan Davies

University of Chicago Press, 2025

Longlisted for the 2024 Financial Times Book of the Year. How life and the economy became a black box—a collection of systems no one understands, producing outcomes no one likes.
 
Passengers get bumped from flights. Phone menus disconnect. Automated financial trades produce market collapse. Of all the challenges in modern life, some of the most vexing come from our relationships with automation: a large system does us wrong, and there’s nothing we can do about it.

The problem, economist Dan Davies shows, is accountability sinks: systems in which decisions are delegated to a complex rule book or set of standard procedures, making it impossible to identify the source of mistakes when they happen. In our increasingly unhuman world—lives dominated by algorithms, artificial intelligence, and large organizations—these accountability sinks produce more than just aggravation. They make life and economy unknowable—a black box for no reason.

In The Unaccountability Machine, Davies lays bare how markets, institutions, and even governments systematically generate outcomes that no one—not even those involved in making them—seems to want. Since the earliest days of the computer age, theorists have foreseen the dangers of complex systems without personal accountability. In response, British business scholar Stafford Beer developed an accountability-first approach to management called “cybernetics,” which might have taken off had his biggest client (the Chilean government) not fallen to a bloody coup in 1973.

With his signature blend of economic and journalistic rigor, Davies examines what’s gone wrong since Beer, including what might have been had the world embraced cybernetics when it had the chance. The Unaccountability Machine is a revelatory and resonant account of how modern life became predisposed to dysfunction.
[more]
cover of Yali's Question: Sugar, Culture, and History

Yali's Question

Sugar, Culture, and History

Frederick Errington and Deborah Gewertz

University of Chicago Press, 2004

Yali's Question is the story of a remarkable physical and social creation—Ramu Sugar Limited (RSL), a sugar plantation created in a remote part of Papua New Guinea. As an embodiment of imported industrial production, RSL's smoke-belching, steam-shrieking factory and vast fields of carefully tended sugar cane contrast sharply with the surrounding grassland. RSL not only dominates the landscape, but also shapes those culturally diverse thousands who left their homes to work there.

To understand the creation of such a startling place, Frederick Errington and Deborah Gewertz explore the perspectives of the diverse participants that had a hand in its creation. In examining these views, they also consider those of Yali, a local Papua New Guinean political leader. Significantly, Yali features not only in the story of RSL, but also in Jared Diamond's Pulitzer Prize winning world history Guns, Germs, and Steel—a history probed through its contrast with RSL's. The authors' disagreement with Diamond stems, not from the generality of his focus and the specificity of theirs, but from a difference in view about how history is made—and from an insistence that those with power be held accountable for affecting history.
[more]