{"product_id":"good-company-economic-policy-after-shareholder-primacy-9780226836508","title":"Good Company: Economic Policy After Shareholder Primacy","description":"\u003cp\u003e\u003cb\u003eOn the faulty intellectual origins of shareholder primacy--and how policy can win back what's been lost.\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e In an era of shareholder primacy, share price is king. Businesses operate with short-term goals to deliver profits to shareholders, enjoying stability (and bonuses) in the process. While the public bemoans the doctrine for its insularity and wealth-consolidating effects, its influence over corporate governance persists. \u003ci\u003eGood Company\u003c\/i\u003e offers an exacting argument for why shareholder primacy was never the right model to follow for truly understanding how corporations operate. \u003c\/p\u003e\u003cp\u003e Lenore Palladino shows that corporations draw power from public charters--agreements that allow corporations to enjoy all manner of operational benefits. In return, companies are meant to innovate for the betterment of the societies that support them. However, that debt--increasingly wielded for stock buybacks and shareholder bonuses--is not being repaid. Palladino theorizes a modern corporation that plays its intended role while delivering social and economic good in the process and offers tangible policy solutions to make this a reality. \u003ci\u003eGood Company \u003c\/i\u003eis both an expert introduction to the political economy of the firm--as it was, as it is, as it can be--and a calibrating examination of how public policy can shape companies, and societies, for the better. \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eLenore Palladino \u003c\/b\u003eis assistant professor of economics and public policy at the University of Massachusetts, Amherst, a senior fellow of the Roosevelt Institute, and research associate at the Political Economy Research Institute\u003ci\u003e.\u003c\/i\u003e\u003cbr\u003e","brand":"University of Chicago Press","offers":[{"title":"Default Title","offer_id":50911480676626,"sku":"9780226836508","price":29.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_2c5aa7c9-0f50-4696-8be8-6cc782ffbfe4.jpg?v=1738744349","url":"https:\/\/surprise-castle.myshopify.com\/products\/good-company-economic-policy-after-shareholder-primacy-9780226836508","provider":"Surprise Castle","version":"1.0","type":"link"}