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Reimagining Capitalism in a World on Fire

Reimagining Capitalism in a World on Fire by Rebecca Henderson

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About the book  

It’s all about making money — or is it? Free-market capitalism is one of humanity’s greatest inventions and is the greatest source of prosperity the world has ever seen. But this success has been costly. Rebecca Henderson explores how to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, the fight for social justice and the demands of truly democratic institutions. 

About the author 

Rebecca Henderson is the McArthur University Professor at Harvard University (the highest honor that can be awarded to a faculty member), where she teaches the acclaimed course on “Reimagining Capitalism.” Henderson spent the first 21 years of her career at MIT’s Sloan School, where she was “teacher of the year” and where her research focused on the economics of innovation and on the question of how large organizations can reinvent themselves. Inducted into the American Academy of Arts and Science in 2018, Henderson is also a Research Fellow at the National Bureau of Economic Research and the recipient of a number of academic prizes, including, most recently, the Viipuri Prize for strategy research and a recent election to the British Academy. 

Excerpt 

“I’ve spent the last 15 years of my life working with firms that are trying to solve our environmental and social problems at scale — largely as a means of ensuring their own survival — and I’ve come to believe that business has not only the power and the duty to play a huge role in transforming the world but also strong economic incentives to do so. The world is changing. The firms that change with it will reap rich returns — and if we don’t reimagine capitalism, we will all be significantly poorer.” 

Review  

“This book has an important message about the critical role of purpose-driven businesses in our society and how capitalism and democracy need to interact constructively to solve our most pressing challenges.” ―Stanford School of Business