Managers and Market Capitalism, Module Note

Abstract

The last thirty years have seen the widespread embrace of market capitalism as not only a highly efficient form of economic organization but also as one that best meets the diversity of human preferences. In large, complex societies, an increasing body of theoretical and empirical research suggests, however, that the existence of competitive markets rests on strong institutional foundations. This note explores the appropriate role for the general manager, if any, in sustaining these conditions for market capitalism.

Learning Objective: To introduce the economic lens, one of the three lenses (economic, legal, and ethics) of the Leadership and Corporate Accountability RC course.