FDI Perspective No. 208: “Corporations need to look beyond profits,” by Lisa Sachs, Jeffrey Sachs and Nathan Lobel

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.

A translation in Mandarin is also available via the “Download Resources” button.

Authors

Lisa Sachs

Director

Jeffrey D. Sachs

Director, Center for Sustainable Development, Columbia University

Nathan Lobel