{"product_id":"ending-esg-and-restoring-the-economic-enlightenment-9780844750736","title":"Ending Esg and Restoring the Economic Enlightenment","description":"The 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.  \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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-17083241\"\u003ePhil Gramm\u003c\/a\u003e, \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-17083244\"\u003eTerrence Keeley\u003c\/a\u003e\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e AEI Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/11\/2024\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 130\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.35lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.50h x 5.50w x 0.36d\u003cbr\u003e\u003cb\u003eISBN13:\u003c\/b\u003e 9780844750736\u003cbr\u003e\u003cb\u003eISBN10:\u003c\/b\u003e 0844750735\u003cbr\u003e\u003cb\u003eBISAC Categories:\u003c\/b\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS029000\"\u003eFree Enterprise \u0026amp; Capitalism\u003c\/a\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS050020\"\u003ePersonal Finance | Investing\u003c\/a\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS070140\"\u003eIndustries | Financial Services\u003c\/a\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePhil\u003cbr\u003eGramm\u003c\/b\u003e is a former chairman of the Senate Banking Committee and\u003cbr\u003ea nonresident senior fellow at the American Enterprise Institute.\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\u003cb\u003eTerrence\u003cbr\u003eKeeley\u003c\/b\u003e is the chairman and CEO of 1PointSix and the Impact\u003cbr\u003eEvaluation Lab and the author of \u003ci\u003eSustainable: \u003cbr\u003eMoving Beyond ESG to Impact Investing\u003c\/i\u003e (2023). \u003cp\u003e\u003c\/p\u003e\u003cb\u003eMike\u003cbr\u003eEdleson\u003c\/b\u003e is a retired chief risk officer of the University of Chicago's\u003cbr\u003eendowment and the former chief economist of Nasdaq and the National Association\u003cbr\u003eof Securities Dealers. \u003cp\u003e\u003c\/p\u003e\u003cb\u003eAlex\u003cbr\u003eEdmans\u003c\/b\u003e is a professor of finance at London Business School and\u003cbr\u003ethe author of \u003ci\u003eGrow the Pie: How Great\u003cbr\u003eCompanies Deliver Both Purpose and Profit\u003c\/i\u003e (2020). \u003cp\u003e\u003c\/p\u003e\u003cb\u003eHester\u003cbr\u003ePeirce\u003c\/b\u003e is a Securities and Exchange Commission commissioner. \u003cp\u003e\u003c\/p\u003e\u003cb\u003eAndy\u003cbr\u003ePuzder\u003c\/b\u003e is a former CEO of CKE Restaurants, a distinguished fellow\u003cbr\u003eat the Heritage Foundation, and a senior fellow at Pepperdine University. He is\u003cbr\u003ethe author of \u003ci\u003eThe Capitalist Comeback: \u003cbr\u003eThe Trump Boom and the Left's Plot to Stop It\u003c\/i\u003e (2018) and \u003ci\u003eA Tyranny for the Good of Its Victims: The\u003cbr\u003eUgly Truth About Stakeholder Capitalism\u003c\/i\u003e (forthcoming). \u003cp\u003e\u003c\/p\u003e\u003cb\u003eMike\u003cbr\u003eSolon\u003c\/b\u003e\u003cbr\u003eis a partner of US Policy Metrics.","brand":"AEI Press","offers":[{"title":"Default Title","offer_id":48462473068781,"sku":"9780844750736","price":13.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0550\/8097\/6621\/files\/img_d1a10982-f79d-47cf-b3af-d63b42b31da5.jpg?v=1753703019","url":"https:\/\/sureshotbooks.com\/products\/ending-esg-and-restoring-the-economic-enlightenment-9780844750736","provider":"SureShot Books Publishing LLC","version":"1.0","type":"link"}