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Corporations need to look beyond profits

Sachs, Lisa E.; Sachs, Jeffrey D.; Lobel, Nathan Wiener

Lilac Nachum’s Columbia FDI Perspective argues that society is best served when companies focus on maximizing profits rather than on their social and environmental impacts. This follows the logic of an idealized free-market economy. In practice, we argue, companies should take responsibility for the impacts they have on other stakeholders.

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More About This Work

Academic Units
Columbia Center on Sustainable Investment
Law
Economics
Publisher
Columbia Center on Sustainable Investment
Series
Columbia FDI Perspectives, 208
Published Here
September 21, 2017