Finance reconsidered [electronic resource] : new perspectives for a responsible and sustainable finance / edited by Bernard Paranque, Roland Pe<U+0301>rez.

Includes bibliographical references.

Finance reconsidered: new perspectives for a responsible and sustainable finance / Bernard Paranque, Roland Pe<U+0301>rez -- An alternative to shareholder value creation: subverting the domination of capitalist exchanges through the production of uses and common pool resources management / Bernard Paranque -- Prolegomena to an alternative study of finance / Thomas Lagoarde-Segot -- Analysis of the financial crisis, or crisis in financial analysis? / Roland Pe<U+0301>rez -- A critical analysis of socially responsible investment (SRI): meta-debate and development perspectives / Christophe Revelli -- SRI 2.0: more than a makeover - a fundamental reformulation / Jacques Ninet -- Why has microcredit had such a limited impact on the reduction of poverty in sub-Saharan Africa? / Jean-Michel Servet -- Local systems of exchange in Kabylia: economy of reciprocity and constraint of traditions / Belaid Abrika, Bernard Paranque, Ce<U+0301>cile Perret -- Brand value creation versus destruction: the relationship between consumers, marketers and financiers / Bernard Paranque, Bernard Cova -- Cooperatives - an alternative to capitalism? the case of the John Lewis partnership / Bernard Paranque, Hugh Willmott -- Applying mindfulness and compassion in finance / Christophe Fauge<U+0300>re -- From financial to economic intermediation: Islamic banking's unheard message / Abdel-Maoula Chaar -- Islamic investment versus socially responsible investment: lessons from comparison / Bernard Paranque, Elias Erragragui -- A provisional conclusion: a shift towards finance as a commons? / Bernard Paranque.

As a response to ongoing economic, social and environmental crises, many private actors have enlarged their definition of 'value' to include environmental and social elements. Such practices, however, appear incompatible with the current epistemological structure of academic financial discourse. This paradox challenges us to reconsider the foundations of modern finance, particularly the dominant role of shareholders. The volume argues there is a need to turn the established order upside down. Studies in economics and finance have to be embedded in environmental and social welfare to answer the challenges we face, and there is a need for a radical break with the methodological individualism that dominates economics, management and (especially) finance. It is our responsibility to question social welfare when it is defined only as maximising shareholder value. Should we instead promote a substitute to the shareholder? How should we (re)define the concept of value? This volume serves as a stepping stone for rethinking academic finance, and attempts to carve out innovative paths for financial research in the 21st century.

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