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Private Equity as a Wealth Recycler

In: Progress-Driven Entrepreneurs, Private Equity Finance and Regulatory Issues

Author

Listed:
  • Benoit Leleux

    (IMD (International Institute for Management Development))

Abstract

Rooted at the heart of capitalism is the belief that the system, with all its flaws and inbuilt inequalities, remains the most efficient asset allocator; that is, that it is best able to channel scarce resources (money, capital and technologies) into their most efficient uses. In other words, while it may be difficult to support it philosophically or ethically, a capitalistic economic system proves its worth every day in its ability to generate the largest amount of wealth. Ethics and philosophy can then be employed to determine how best to allocate the created wealth.

Suggested Citation

  • Benoit Leleux, 2010. "Private Equity as a Wealth Recycler," Palgrave Macmillan Books, in: Progress-Driven Entrepreneurs, Private Equity Finance and Regulatory Issues, chapter 6, pages 147-162, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24493-1_6
    DOI: 10.1057/9780230244931_6
    as

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