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Shaping the Post-COVID-19 Agenda: A Call for Responsible Leadership

In: The New Common

Author

Listed:
  • Ronald Jong

    (Tilburg School of Economics and Management)

  • Mirjam Reisen

    (Tilburg School of Humanities and Digital Sciences)

Abstract

In 1970, the late economist and Nobel Prize Winner Milton Friedman spread a doctrine that has dominated the business world ever since: that a company’s solitary purpose is to increase financial value for its shareholders. Author during the height of the Cold War, Friedman tied in with the narrative that economic freedom is essential to political freedom. Friedman died in 2006, but his mantra did not. From the beginning of the 1990s until the financial crisis in 2007, the business world increasingly witnessed a movement towards the “Anglo-American” or “neo liberal” model, based upon Friedman’s doctrine. In the period after the collapse of Lehmann Brothers, leaders in the public and the private sector tried to fight the financials crisis by holding on to the very same measures and instruments that—arguably—caused the financial crisis in the first place. The last convulsions of Friedman’s doctrine?

Suggested Citation

  • Ronald Jong & Mirjam Reisen, 2021. "Shaping the Post-COVID-19 Agenda: A Call for Responsible Leadership," Springer Books, in: Emile Aarts & Hein Fleuren & Margriet Sitskoorn & Ton Wilthagen (ed.), The New Common, chapter 15, pages 105-110, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65355-2_15
    DOI: 10.1007/978-3-030-65355-2_15
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