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Moral Capitalism: Reconciling Private Interest with the Public Good

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The world is drifting without a clear plan for its economic development, Communism is dead, but many see capitalism as amoral and too easily abused. In the wake of the debacles of Enron and other corporate scandals, continued jobless growth, and a languid economy, we need a roadmap to a better future. Written by Stephen Young, the global executive director of the Caux Round Table—an extraordinary international network of top business executives who believe that business can, and must, weight both profit and principle--Moral Capitalism provides a much-needed blueprint for progress.

Young describes how the Caux Round Table’s Seven General Principles for Business can serve as a guide for developing a new “moral capitalism.” He explores in detail how, if guided by these principles, capitalism has the potential to reduce global poverty and tyranny and address the needs and aspirations of individuals, communities, and nations.

About the Author

Stephen Young is the Global Executive Director of the Caux Round Table. He was formerly the third dean of the Hamline University School of Law, an assistant dean of Harvard Law School, and has worked with the Council of Foreign Relations and consulted with the United States Department of State.

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