The Evolution of Value by Wayne Visser

The Evolution of Value by Wayne Visser

A series of articles by Wayne Visser that explore the evolution of value in society as a concept and in practice, especially from the perspective of business value creation, including: subsistence, shareholder, stakeholder, multi-capital value, triple-bottom-line, blended, inclusive, sustainable, shared, integrated and thriving value.

Content from this campaign

Understanding Stakeholder Value
The dominance of shareholder value grew through the 1970s and into the ‘greed is good’ Wall Street boom-and-bust 1980s, with deregulation ushering in a new era of creative financial products like derivatives. This in turn fuelled the growth of the casino economy – which economist John Maynard Keynes had warned about decades previously, saying: “Speculators may do no harm as bubbles on a...
Sep 27, 2021 8:15 AM ET
Understanding Shareholder Value
Today, many of us are more familiar with shareholder value than subsistence value. Shareholders are an ingenious invention dating back to the creation of the first corporations in the 17th century. Before then, while subsistence value prevailed, business and trade happened mostly at a small and local scale. Merchants tended to self-fund their enterprises, reaching out to their...
Sep 15, 2021 8:00 AM ET
Understanding Subsistence Value
What we value as a society differs according to people, place and time. We have to ask, which society? And by that we may really mean: which tribe, class, culture or nation, in which part of the world, and in what period of history? A hunter-gatherer tribe in Southern Africa in 1,000 BC would surely value different things to an aristocratic ruling elite in Europe in the Middle Ages. That’s...
Sep 7, 2021 8:30 AM ET