Justifying Next Stage Capitalism: Exploring a Hopeful Future

This book explores emerging justifications of capitalism based on the views of academics from around the world in business. The traditional justification for capitalism has been that it is the one system that produces the most wealth with the least cost for the most people. While this justification no longer has the taken-for-granted status it once enjoyed, it remains the dominant and mainstream argument in favor of capitalism, especially in the United States. Despite capitalism’s production of human wealth, it is implicated by trends such as income and wealth inequalities, climate change caused by the burning of fossil fuels and racism, sexism and other forms of discrimination. This volume asserts that in this age of complexity, inequality, and ecological instability, capitalism’s future depends on our ability to broaden the justifications for it to include a much more elaborate list of values beyond wealth and efficiency. It does so without claiming tologically or empirically prove that capitalism is the best of all possible economic systems, but rather to explore a new and hopeful future for the system; Next stage capitalism. Written by an international group of scholars from various disciplines, this book is of great interest to those who work in philosophy, sociology, political science, history and theology and religious studies. 

Michel Dion is Adjunct Professor, École de gestion, Université de Sherbrooke (Québec, Canada).  His main fields of research include business ethics, ethical leadership; financial crime, corruption; management, spirituality, and organization. His latest books include: Worldviews, Ethics, and Organizational Life (Springer, forthcoming 2021); Éthique de l’entreprise. Questionnement philosophique (Yvon Blais, 2019); Financial Crime and Existential Philosophy (Springer, 2014). With David Weisstub and Jean-Loup Richet, he was coeditor of Financial Crimes: Psychological, Technological, and Ethical Issues (Springer, 2016). With Sergiy Dmytriyev and Edward Freeman, he was coeditor of Humanizing Business: What Humanities Can Say to Business (Springer, forthcoming 2021). His scholarly works have been published inBusiness Ethics: A European Review, Leadership & Organization Development Journal, the International Journal of Organizational Analysis, and the International Journal of Social Economics.

Moses Pava

Moses Pava is the former Dean of the Sy Syms School of Business, the Alvin Einbender University Professor of Business Ethics, and Professor of Accounting. He has been teaching at Yeshiva since 1998. A 1990 PhD graduate from NYU¹s Stern School of Business and a 1981 graduate from Brandeis University, Dr. Pava has numerous books, including: Jewish Ethics In A Post-Madoff World (2011), Jewish Ethics As Dialogue (2009), Leading With Meaning (2003), The Search for Meaning In Organizations (1999), and Business Ethics: A Jewish Perspective (1997). He has authored scores of articles, including “Corporate Social Responsibility and Financial Performance”, one of the most cited articles in the field of corporate social responsibility. He serves on the editorial board of Journal of Business Ethics and the Journal of Jewish Ethics. He lectures across the country and around the world on Jewish business ethics, spirituality in business, and corporate accountability.