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MAKING MONEY MORAL

HOW A NEW WAVE OF VISIONARIES IS LINKING PURPOSE AND PROFIT

A brief but wide-ranging primer on an increasingly hot topic.

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An expertly detailed synopsis of a major shift in the global corporate environment toward pairing profitability with a moral mission.

According to Rodin and debut author Madsbjerg, the world of commerce has recently undergone a seismic shift, the kind that promises to refashion the very nature of capitalism. While social responsibility was once understood as exhausted in the maximization of shareholder value, an idea forcefully articulated by Milton Friedman, now the trend is to interpret making money and doing good as necessary partners or, as the authors put it, to “make money moral.” Linking purpose and profit is burgeoning in the world of investment: “In sustainable and impact investing, the financial resources and expertise of the money managers are what enable large-scale capital flows to be directed toward solving global challenges—social and environmental issues that the problem solvers are working to fix.” A confluence of events—including the rise of aggressive activism, increasing awareness of systemic problems like income inequality, and the devastation wrought by Covid-19—engendered a more enlightened “conscious consumerism” and a corporate world ready to respond to their demands. Regarding investing, this entails a collaboration between money managers (the whole cosmos of asset managers) and problem-solvers (governmental and nonprofit)—a sometimes fraught partnership thoughtfully addressed by the authors. Rodin and Madsbjerg write from extensive experience, and it shows—the former was the president of The Rockefeller Foundation, the latter, its managing director. They cover the subject with impressive thoroughness and pragmatism, conceding that the line between the hunt for justice and the one for financial growth can be difficult to discern and that the moral advocacy of some organizations should be construed “with a degree of skepticism.” One still wishes this central issue was considered at greater length and with less hyperbolic optimism. Nevertheless, this is an edifying study—and an engaging introduction to the subject.

A brief but wide-ranging primer on an increasingly hot topic.

Pub Date: Feb. 9, 2021

ISBN: 978-1-61363-110-2

Page Count: 182

Publisher: Wharton School Press

Review Posted Online: Feb. 23, 2021

Kirkus Reviews Issue: April 15, 2021

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THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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THE PSYCHOLOGICAL SAFETY PLAYBOOK FOR CHANGEMAKERS

A passionate and accessible guide to humanizing the workplace.

Helbig and Norman present a game plan for making leadership more responsively human.

In this expanded update to The Psychological Safety Playbook: Lead More Powerfully by Being More Human (2023), the authors provide “practical strategies for responding to resistance, sparking change, embodying the change we want to see, and moving forward deliberately,” specifically in a business setting. They suggest ways to encourage what they call “changemakers” through the use of five key “plays” from their playbook: Communicate Courageously, Master the Art of Listening, Manage Your Reactions (“shift from automatic reaction to conscious response to stay better connected to yourself and others”), Embrace Risk and Failure, and Design Inclusive Rituals. The goal is to ensure that organizational cultures promote psychological safety, guided by leaders who “walk the talk” by emphasizing their own humanity at every turn. (“We must be the first to share our own failures with our teams, which will start to make it possible for others to do the same.”) This call for example-setting is sounded throughout the book as Helbig and Norman urge their target audience (leaders and would-be leaders) to go beyond mere instruction and instead embody the qualities they want to see in their subordinates, such as continuous learning, active curiosity, and self-reflection. Each chapter includes a detailed “Recommended Reading” section and text with extensive numbered and bulleted points formatted to make the core concepts more immediately digestible. The authors effectively employ clear and empathetic prose to assure readers that psychological safety is slow to build and quick to break, observing that such safety requires steady attention and delivers outsize payoffs as a result. They refreshingly ground a great deal of the material in psychology and neuroscience, pointing out, for instance, that research has demonstrated that the parasympathetic nervous system responds to honest appreciation, which improves creative thinking. Some wistful readers might consider some of the authors’ suggestions beyond the reach of their own organizations, as when group facilitators are advised to “gently intervene when someone dominates the conversation,” but hope springs eternal.

A passionate and accessible guide to humanizing the workplace.

Pub Date: May 19, 2026

ISBN: 9798993550503

Page Count: 170

Publisher: Crazy Idea Press

Review Posted Online: April 23, 2026

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