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ENVIRONMENTALISM AND THE NEW LOGIC OF BUSINESS

HOW FIRMS CAN BE PROFITABLE AND LEAVE OUR CHILDREN A LIVING PLANET

Can American business assume a green mantle? Yes, assure Freeman, Pierce, and Dodd. Will they? Not until enough individuals...

Freeman (Business/Univ. of Virginia), Pierce (Medicine/Univ. of Nebraska), and business consultant Dodd argue that US business must not content itself with meeting environmental standards mandated by the state: it must instead assume a leadership role in the struggle for conservation.

Progressive environmental practices are more than just a question of ethics, suggest the authors—they make for long-term profits. By melding business needs with environmental concerns and a principled stance, companies tap into employees’ innovative capacities: they thus have something at stake (namely, the world their children will live in) other than employer profits, and will be motivated to exceed standards. Such a business needn’t espouse deep ecology (though it could do that, too, as Patagonia has): it could assume a green image as it meets the market’s demands for better and cheaper products, or it could mirror the environmental preferences of its stakeholders. It might simply trumpet it abroad that it meets government standards—there are many shades of green, after all. How to get started? Probably not with the painfully superficial outline of contemporary environmental thought that Freeman, Pierce, and Dodd rather unhelpfully provide. Their strong suit is a clear ethical framework (read: we are responsible for our actions and our actions have environmental effects), yet their defense of capitalism’s decency and promise rings hollow: “If firm A invents a product or improves a product firm B depends on, firm B is not destroyed; rather, it creates yet another innovation.” This has an unsatisfying sound. Ultimately, we are told, “taking action to ensure a future for our children is up to each of us as individuals. Without individual commitment and concern, societal institutions will always provide too little, too late.” In a sense this puts us back to square one.

Can American business assume a green mantle? Yes, assure Freeman, Pierce, and Dodd. Will they? Not until enough individuals demand it.

Pub Date: June 1, 2000

ISBN: 0-19-508093-9

Page Count: 160

Publisher: Oxford Univ.

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: May 15, 2000

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GOOD ECONOMICS FOR HARD TIMES

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 28, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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#GIRLBOSS

Career and business advice for the hashtag generation. For all its self-absorption, this book doesn’t offer much reflection...

A Dumpster diver–turned-CEO details her rise to success and her business philosophy.

In this memoir/business book, Amoruso, CEO of the Internet clothing store Nasty Gal, offers advice to young women entrepreneurs who seek an alternative path to fame and fortune. Beginning with a lengthy discussion of her suburban childhood and rebellious teen years, the author describes her experiences living hand to mouth, hitchhiking, shoplifting and dropping out of school. Her life turned around when, bored at work one night, she decided to sell a few pieces of vintage clothing on eBay. Fast-forward seven years, and Amoruso was running a $100 million company with 350 employees. While her success is admirable, most of her advice is based on her own limited experiences and includes such hackneyed lines as, “When you accept yourself, it’s surprising how much other people will accept you, too.” At more than 200 pages, the book is overlong, and much of what the author discusses could be summarized in a few tweets. In fact, much of it probably has been: One of the most interesting sections in the book is her description of how she uses social media. Amoruso has a spiritual side, as well, and she describes her belief in “chaos magic” and “sigils,” a kind of wishful-thinking exercise involving abstract words. The book also includes sidebars featuring guest “girlbosses” (bloggers, Internet entrepreneurs) who share equally clichéd suggestions for business success. Some of the guidance Amoruso offers for interviews (don’t dress like you’re going to a nightclub), getting fired (don’t call anyone names) and finding your fashion style (be careful which trends you follow) will be helpful to her readers, including the sage advice, “You’re not special.”

Career and business advice for the hashtag generation. For all its self-absorption, this book doesn’t offer much reflection or insight.

Pub Date: May 6, 2014

ISBN: 978-0-399-16927-4

Page Count: 256

Publisher: Portfolio

Review Posted Online: June 22, 2014

Kirkus Reviews Issue: July 15, 2014

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