ABOUT THE SPEAKER
We are pleased to welcome members of the public to attend this lecture via livestream.
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Our June Adam Smith Lecturer will be Professor Colin Mayer, who, in his new book 'Capitalism and Crises', highlights the world's encounter with multiple crises: climate change, droughts, floods, energy, food, and pandemics. Despite often blaming the capitalist system, we've misconceived its nature, particularly regarding the role of business. This misunderstanding has allowed business to both cause and address problems. Professor Mayer explains why this occurred and proposes necessary changes: understanding how capitalism operates, identifying its failures, and re-evaluating how we resource and reward its stakeholders. Drawing on various disciplines such as history, philosophy, psychology, biology, economics, law, and finance, Mayer analyses what went wrong, what requires alteration, and how to implement solutions. He outlines capitalism's significant challenges and suggests collaborative efforts between financial institutions, the public sector, and the private sector to solve problems and foster shared prosperity. He will present an inspiring roadmap for practitioners, policymakers, consumers, employees, communities, students, and global citizens to collectively address 21st-century challenges and thrive.
Colin Mayer is Emeritus Professor of Management Studies at the Saïd Business School at the University of Oxford and Visiting Professor at the Blavatnik School of Government at the University of Oxford. He is a Fellow of the British Academy, the Centre for Economic Policy Research and the European Corporate Governance Institute, an Emeritus Fellow of Wadham College, Oxford, an Honorary Fellow of Oriel College, Oxford and St Anne’s College, Oxford, and he has an Honorary Doctorate from Copenhagen Business School. He was co-chair of the Scottish Government Business Purpose Commission, a member of the Board of Trustees of the Oxford Playhouse, the UK Government Natural Capital Committee, the UK Competition Appeal Tribunal and the International Advisory Board of the Securities and Exchange Board of India. He was chairman of Oxera Ltd. between 1986 and 2010 and a director of the energy modelling company, Aurora Energy Research Ltd between 2013 and 2020. He was appointed Commander of the Order of the British Empire (CBE) in the 2017 New Year Honours. Between 2017 and 2021, he led the British Academy enquiry into “the Future of the Corporation” and his most recent book Capitalism and Crises: How to Fix Them is published by Oxford University Press.
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