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Beyond ESG: reforming capitalim and social-democracy

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  • Marcel Boyer

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, UdeM - Université de Montréal, EPM - École Polytechnique de Montréal, IAST - Institute for Advanced Study in Toulouse, CIRANO - Centre interuniversitaire de recherche en analyse des organisations [Montréal, Canada] = Center for Interuniversity Research and Analysis on Organizations [Montréal, Canada])

Abstract

Several voices are rising to demand an in-depth reform of capitalism in the wake of the financial crisis of 2007-2010, the increase in income and wealth inequalities of the last four decades, the climate urgency in a local global world. There is a real danger that governments will be put under pressure from poorly-informed groups and will want to play Goethe's sorcerer's apprentice: too often, these good intentions are but a paved road to hell. In this document, I analyze various reform projects, I discuss the concepts of ethics and equity (environment, water, life, remuneration, inequalities, ESG) and I propose to add a project for in-depth reforms of capitalism and social-democracy.

Suggested Citation

  • Marcel Boyer, 2021. "Beyond ESG: reforming capitalim and social-democracy," Post-Print hal-05097473, HAL.
    • Handle: RePEc:hal:journl:hal-05097473
    DOI: 10.1561/109.00000033
    Note: View the original document on HAL open archive server: https://hal.science/hal-05097473v1
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    References listed on IDEAS

    as
    1. Marcel Boyer & Nicolas Marchetti, 2007. "Principes de choix d'une méthode économique d'allocation Partage des coûts et tarification à Gaz de France," CIRANO Project Reports 2007rp-07, CIRANO.
    2. Boyer, Marcel & Porrini, Donatella, 2011. "The impact of court errors on liability sharing and safety regulation for environmental/industrial accidents," International Review of Law and Economics, Elsevier, vol. 31(1), pages 21-29, March.
    3. Roland Bénabou & Jean Tirole, 2010. "Individual and Corporate Social Responsibility," Economica, London School of Economics and Political Science, vol. 77(305), pages 1-19, January.
    4. Boyer, Marcel, 2019. "Ceo pay in perspective," IAST Working Papers 19-101, Institute for Advanced Study in Toulouse (IAST).
    5. Marcel Boyer & Donatella Porrini, 2008. "The Efficient Liability Sharing Factor for Environmental Disasters: Lessons for Optimal Insurance Regulation*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(2), pages 337-362, April.
    6. Scheuer, Florian & Werning, Iván, 2016. "Mirrlees meets Diamond-Mirrlees," CEPR Discussion Papers 11172, C.E.P.R. Discussion Papers.
    7. Martin L. Weitzman, 1974. "Prices vs. Quantities," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(4), pages 477-491.
    8. Marcel Boyer & Donatella Porrini, 2008. "The Efficient Liability Sharing Factor For Environmental Disasters: Lessons For Optimal Insurance Regulation," CIRANO Working Papers 2008s-03, CIRANO.
    9. Boyer, Marcel, 2020. "Défis et embûches dans l’évaluation des PPP : Pour un secteur public efficace et efficient," TSE Working Papers 20-1104, Toulouse School of Economics (TSE).
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