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REIMAGINING CAPITALISM IN A WORLD ON FIRE

Rebecca Henderson

Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly.
Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short. Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around the world, give us a path forward. She debunks the worldview that the only purpose of business is to make money and maximize shareholder value. She shows that we have failed 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 striving for social justice, and the demands of truly democratic institutions.

Henderson's deep understanding of how change takes place, combined with fascinating in-depth stories of companies that have made the first steps towards reimagining capitalism, provide inspiring insight into what capitalism can be. Henderson provides the pragmatic foundation for navigating a world faced with unprecedented challenge, but also with extraordinary opportunity for those who can get it right.

Rebecca Henderson is the McArthur University Professor at Harvard University (the highest honor that can be awarded to a faculty member) and teaches the acclaimed course on "Reimagining Capitalism" at Harvard Business School. Henderson's academic career is complemented by a deep engagement with the practice of management. She has been on the board at Amgen, a Fortune 200 company, for eight years and on the board at Idexx, an S&P 500 company, for fifteen.
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Published 2020-04-28 by Public Affairs

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Rebecca was interviewed on Harvard Magazine's "Ask a Harvard Professor" podcast: Rebecca Henderson: Does Capitalism Need to be Reimagined? ... Read more...

Rebecca Henderson argues that the market system can be reformed and this can be done without unduly harming corporations. We can have a more moral and more innovative capitalism. There is hope!

Harvard University Professor Rebecca Henderson discusses her new book Reimagining Capitalism in a World on Fire on Business Radio's Leadership in Action program on SiriusXM 132. Read more...

Henderson's convincing arguments and passion will be a clarion call to action for business leaders and interested readers everywhere.

From our current 2020 perspective a more civilized and humane world may seem a forlorn hope but what felt impossible before has now became thinkable and Rebecca Henderson's book is the most comprehensive and readable roadmap for how this ideal might be achieved. Read more...

A well-constructed critique of an economic system that, by the author's account, is a driver of the world's destruction... A readable, persuasive argument that our ways of doing business will have to change if we are to prosper-or even survive.

A breakthrough book, beautifully written, combining deep humanity, sharp intellect, and a thorough knowledge of business. It rigorously dismantles old arguments about why capitalism can't be transformed and will reach people who haven't yet connected with the need for deep change.

REIMAGINING CAPITALISM IN A WORLD ON FIRE by Rebecca Henderson made Stanford Social Innovation Review's 2020 Social Innovation Reading List. Read more...

Rebecca Henderson spoke with Sourcing Journal about how fashion needs a Elon Musk for sustainability. Read more...

A recent article from GreenBiz on a capitalism reset features Rebecca Henderson Read more...

Green Queen Media posted a recent interview with Rebecca Henderson Read more...

If you are unsatisfied with today's economic arguments - which too often seem to present an unappealing choice between unbridled markets and old-school collectivism - you need to read Rebecca Henderson's Reimagining Capitalism in a World on Fire. Henderson offers a system that rewards initiative and respects the power of free enterprise, but that also recognizes that we have a higher purpose in life than pure profit maximization. This is a book for the realist with a heart.

With great clarity and passion, Rebecca Henderson provides a stellar guide to building a purpose-driven organization, the surest path to success in a time of rising temperatures and declining trust.

I loved every bit of Rebecca Henderson's practical, insightful, and engaging book. It's a must read for any leader who wants to be around for the longer term, showing not only how to position a company successfully in this new world but also how to grow personally through the process.

... the spreading pandemic and lockdown has transformed the expectations, and the destinies, of individuals, companies, economies and governments. It has also changed how books will be received and read.

Leadership Now hosted a webinar with Rebecca Henderson, author of REIMAGINING CAPITALISM IN A WORLD ON FIRE, to discuss her book. Read more...

Rebecca Henderson was interviewed by WIRED UK about REIMAGINING CAPITALISM IN A WORLD ON FIRE and COVID-19's impact on the free market: "...We need to think of ourselves as an integrated world where we can't escape. We have a joint destiny. Hopefully, the pandemic will begin to make us think about global co-operation in a different way." Read more...

Lucid and optimistic...this accessible and richly detailed call to action offers a clear vision for policy makers and business executives who agree with Henderson that the private sector has an obligation to tackle the world's biggest problems.

Rebecca Henderson was a guest on Project Syndicate's Coronanomics video series. Read more...

In engaging and refreshingly candid writing, Henderson sets out her vision of equitable and sustainable capitalism and enumerates the changes needed to get us there... Skeptics of capitalism will identify with Henderson's sharp criticism, while supporters will appreciate the future vision she paints of a noble and more constructive capitalism. The book's promise is to move beyond the shallow and reductive debates about whether capitalism is good or evil to a deeper discussion of what it would take to redirect its undeniable power toward equity and sustainability... Henderson's vision is so compelling that the reader is drawn to help bring it about. Read more...

TED Talks selected Rebecca Henderson's talk on reimagining capitalism as one of their 2020 favorites. Read more...

Rebecca Henderson was interviewed by Climate One on Maine Public Radio for a discussion on capitalism and climate change. Read more...

Green Queen Media also posted a lengthy rundown on Rebecca and the book: "... Reimagining Capitalism In a World on Fire, with its in-depth stories of companies that have already made steps towards transforming capitalism, takes a glimpse into what business-led climate action could evolve into. It's a radical proposal to make businesses at the forefront of turning inequality on its head, but the stakes have never been greater." Read more...

UK / C: Penguin Random House UK ; Chinese (compl.): Commonwealth Magazine Publishing ; Chinese (simpl.): Beijing Xiron Books Co., Ltd ; Dutch: Business Contact ; Italian: Luiss University Press ; Japanese: Nikkei BP ; Korean: Across Publishing

Unless political paralysis and regulatory capture somehow magically disappear, it will be up to future-minded business leaders to start putting out the inferno. Henderson offers inspiring case studies.

Reimagining Capitalism is a breath of fresh air. Written in lively prose, easily accessible to lay readers, and chock full of interesting case studies, Henderson comprehensively surveys what we need to secure a workable future. Some readers may think she goes too far in places, others may think she doesn't go far enough, but everyone will want to think about the economy she urges us to create.

A must read for every person with a stake in our economic system since change or die is the inescapable reality confronting capitalism. The question is how. Rebecca Henderson provides investors and corporate executives with the thought leadership and compelling examples foundational for understanding how to deliver sustainable and inclusive economic growth.

In her new book, she [Henderson] advances the dialogue about the role of business in addressing the big social and environmental challenges of our time. Hers is an important voice in an essential conversation.

Rebecca Henderson penned a recent article for Harvard Business Review on how to reimagine capitalism in a post-pandemic world. Read more...

Rebecca Henderson is quoted in a recent article for Financial Times about investors and the post-pandemic green recovery. Read more...

Rebecca Henderson is masterful in both elegant articulation of one of society's great challenges and clarity of vision in laying out a roadmap for practical and essential change. Reimagining Capitalism is a great read, full of insights, and a refreshing perspective that is new, practical, and ground-breaking, offering clear steps for transitioning to a capitalism that is both profitable as well as just and sustainable.

REIMAGINING CAPITALISM IN A WORLD ON FIRE by Rebecca Henderson is on the longlist for Porchlight's Business Book Awards! It is nominated in the Big Ideas and New Perspectives category. Read more...

In a world on fire, status quo is not a great option. Rebecca Henderson rightfully argues for a refoundation of business and capitalism and offers thought-provoking ideas on what needs to be done to address some of the world's greatest challenges.

Rebecca Henderson was interviewed on EconTalk: Author and economist Rebecca Henderson of the Harvard Business School talks about her book Reimagining Capitalism in a World on Fire with EconTalk host Russ Roberts. Henderson argues that the focus on shareholder value threatens to destroy capitalism from within. Henderson argues that business leaders need to manage their companies differently in order to create a more humane and stable capitalism. Read more...

When the Harvard professor Rebecca Henderson wrote Reimagining Capitalism in a World on Fire she could not have imagined the crisis now consuming the globe, a month before her book is due to hit the shelves. Now, however, she believes her topic has become more urgent: 'This seems to me absolutely the moment to be reimagining capitalism. Maybe not this week but in the weeks and months ahead.'

Capitalism as we know it has gotten us this far, but to take the next steps forward as a society and species we need new ways of seeing and acting on our world. That's exactly what Rebecca Henderson's book helps us do.

REIMAGINING CAPITALISM IN A WORLD ON FIRE has made the cut to the shortlist for the Financial Times/McKinsey Book of the Year Award! The winner will be announced on December 1. Read more...

The compelling narratives in her book follow individuals at the helm of companies like Unilever, Toyota, and Walmart as they pursue profits and purpose with equal ambition. Read more...

Rebecca Henderson weaves together research and personal experience with clarity and vision, illustrating the potential for business to benefit both itself and society by leading on the most challenging issues of our day. Read, and feel hopeful.

Rebecca Henderson contributed to a Financial Times article on business experts and thinkers reflecting on COVID-19 and what they wish they'd known. Read more...

Rebecca Henderson was interviewed on the Harvard Business Review podcast "Exponential View with Azeem Azhar." Read more...

Wheeler Institute for Business and Development, London Business School, posted their fireside chat with Rebecca Henderson Read more...

This week's episode of The Current is live featuring Rebecca Henderson Read more...