In this passionately argued and deeply intriguing book, Professor Colin Mayer argues that one key to addressing our current crises is to redefine 'profit' to include the costs that firms routinely impose on the natural world on those around them. Drawing on organizational theory, law, finance and politics, and ranging across a wide range of concrete examples, Mayer suggests that such a change would profoundly reorient our economic system to the benefit of the many rather than the few.
Colin Mayer CBE FBA is Emeritus Professor of Management Studies and Visiting Professor at the University of Oxford. He is a Fellow of the British Academy, the Centre for Economic Policy Research and the European Corporate Governance Institute, an Emeritus Fellow of Wadham College, Oxford, an Honorary Fellow of Oriel College and St Anne's College, Oxford, and he has an Honorary Doctorate from Copenhagen Business School. He is a member of the Board of Trustees of the Oxford Playhouse, and was co-chair of the Scottish Government Business Purpose Commission, a member of the UK Government Natural Capital Committee, and the UK Competition Appeal Tribunal.