The Case for Shareholder Capitalism: How the Pursuit of Profit Benefits All

At its essence, shareholder capitalism is a means for mutually beneficial trade. It fosters specialization, fuels innovation, and propels economic growth. While shareholder capitalism is a central theme in Finance 101 courses, it is increasingly criticized, especially with the popularization of sustainability, ESG investing, and stakeholder capitalism.

In this engaging new book, author David McLean, the William G. Droms Professor of Finance at Georgetown University’s McDonough School of Business, explains how shareholder capitalism benefits all. Edward Rock, the Martin Lipton Professor of Law at New York University School of Law and the codirector of the university’s Institute for Corporate Governance & Finance, will join McLean for a lively discussion on the nature of shareholder capitalism and its role in society. Norbert Michel, vice president and director of the Cato Institute’s Center for Monetary and Financial Alternatives, will moderate the discussion.

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