What happens at the intersection of business and government? How do businesses influence policy decisions and public institutions? How do policymakers navigate the tensions between private power and democratic values?
Central bankers have emerged from the financial crisis as the third great pillar of unelected power alongside the judiciary and the military. They pull the regulatory and financial levers of our economic well-being, yet unlike democratically elected leaders, their power does not come directly from the people.
We have a hundred years of research on how to maximize commercial value, Julie Battilana argues. It’s time to focus on understanding how to generate social value and what it takes to be the kind of change-maker that can do that.