{"product_id":"ending-esg-and-restoring-the-economic-enlightenment-paperback","title":"Ending Esg and Restoring the Economic Enlightenment - Paperback","description":"\u003cp\u003eby \u003cb\u003ePhil Gramm\u003c\/b\u003e (Author), \u003cb\u003eTerrence Keeley\u003c\/b\u003e (Author), \u003cb\u003eMike Edleson\u003c\/b\u003e (Contribution by)\u003c\/p\u003e\u003cp\u003eThe 18th-century Enlightenment liberated mind, soul, and\u003cbr\u003eproperty. It established the world-changing principle that labor and capital\u003cbr\u003eare private property, unleashing unprecedented explosions in work, thrift, and innovation\u003cbr\u003ethat lifted millions of people out of abject poverty. \u003c\/p\u003e \u003cp\u003e\u003c\/p\u003eBut the modern-day phenomenon known as environmental, \u003cbr\u003esocial, and governance (ESG) investing threatens that prosperity. \u003cp\u003e\u003c\/p\u003eThe implicit promise of ESG investing is that you can do\u003cbr\u003ewell and do good at the same time. Investors presume they can make a market\u003cbr\u003ereturn while lowering carbon emissions or reducing income inequality. However, \u003cbr\u003ethis seemingly noble pursuit does more harm than good. \u003cp\u003e\u003c\/p\u003eIn \u003ci\u003eEnding ESG and\u003cbr\u003eRestoring the Economic Enlightenment\u003c\/i\u003e, Sen. Phil Gramm and Terrence Keeley\u003cbr\u003ebring together a collection of insightful essays considering the many problems\u003cbr\u003ewith ESG. The authors draw parallels between pre-Enlightenment practices and\u003cbr\u003eESG's mistaken attempt to enrich society by extracting rents from workers, \u003cbr\u003econsumers, and capital owners. They explain the inefficiencies of ESG\u003cbr\u003einvesting, the flaws of ESG rating methodologies, and the conflict between ESG\u003cbr\u003eand fiduciary standards. They also show how impact investing is a viable\u003cbr\u003ealternative for those who genuinely want their capital to do well and do good. \u003cp\u003e\u003c\/p\u003eFeaturing the writing of Mike Edleson, Alex Edmans, Hester\u003cbr\u003ePeirce, Andy Puzder, and Mike Solon, this insightful volume illustrates why ESG\u003cbr\u003eis so ineffective and ultimately dangerous. ESG, at its root, is a return to\u003cbr\u003ethe pre-Enlightenment world, where a self-chosen elite use nondemocratic means\u003cbr\u003eto extract the rewards that come from the sweat of the workers' brows and the\u003cbr\u003esacrifice of their thrift. We have seen this drama play out many times before. The\u003cbr\u003esooner we end the ESG experiment, the sooner we can restore the principles that\u003cbr\u003ehave always allowed humanity to flourish.\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 130\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.36 x 8.5 x 5.5 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e June 11, 2024\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51752346747168,"sku":"9780844750736","price":15.1,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/7490c82b2b48545a73a99dfee4085d9f.webp?v=1779993441","url":"https:\/\/ebocreations.com\/products\/ending-esg-and-restoring-the-economic-enlightenment-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}