Towards an Elite Theory of Economic Development

An Inquiry into Sustainable Value Creation
1. Auflage 2025
ISBN: 978-3-11-073890-2
Verlag: De Gruyter

Buch, Englisch, 600 Seiten, Format (B × H): 170 mm x 240 mm

Institutions, the humanly devised constraints of economic activity, are outcomes of elite agency. Leveraging ideas from economics, sociology, politics, and strategic management, this book proposes an ‘elite theory of economic development’. The overarching goal is to foster sustainable value creation at the elite business model level. This work also aims to contribute to transformational leadership, and links are made to the annual Elite Quality Index (EQx), a measure of the value creation of national elites. - Presents a theory of society, the economy, and the way the world actually is.
- Provides lucid analysis on elites and their contribution to economic and human development.
- Suggests practical frameworks and measurements for sustainable value creation and appropriation.

Autoren/Hrsg.

Casas-Klett, Tomas

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Betriebswirtschaft Management

Inhaltsverzeichnis

Preliminary note: The process and purpose of a conceptual approach Part 1. Towards a Logic of Elites
1.1 In populism and in denial, two elite fallacies
1.2 Multi-disciplinary literature review for a definition of elites
1.3 The logic of elite agency (i): fundamentals
1.4 The logic of elite agency (ii): theoretical perspectives
1.5 The logic of elite agency (iii): behavioral perspectives Part 2. Towards an Elite Theory of Economic Development
2.1 Elites in political economy theory
2.2 Elites and institutions, which comes first?
2.3 Power in elite contests
2.4 Value creation business models: production, exchange and innovation
2.5 Value extraction business models: transfers
2.6 Elite business models: aggregate at the meso-level and impact on macro-level performance Part 3. Towards an Elite Quality Measurement of the Political Economy
3.1 Is there a measurement gap?
3.2 Operationalization of elite quality, a four-level architecture
3.3 Interpretation through rankings, frameworks and narratives (macro-level)
3.4 Shaping intra-elite contests
3.5 Further research
3.6 Selected limitations for the ‘elite quality index’ Closing note: Latifundia perdidere Germaniam and how not to lose the future Bibliography

Über Autor(innen)

Tomas Casas-Klett is Assistant Professor at the University of St. Gallen’s Research Institute for International Management (FIM-HSG), Director of the China Competence Center (CCC) and Director of the Competence Center of Top Teams (CCTT). He is visiting Professor at Shanghai’s Jiaotong University (Antai) and Fudan University (FDSM). His research interests include free-trade agreements (FTAs), entrepreneurship and digitalization, top performance teams, the Belt and Road Initiative (BRI), behavioral economics, narrative economics, cross-cultural management and Asia innovation models. Tomas was a “Salaryman” in a Japanese kaisha in Tokyo for 3 years, and an entrepreneur in China for 15 years. He has developed a variety of high-impact courses drawing from praxis, specializing in executive education. His approach revolves around strategic transformation with value deliverable to participants and their organizations. He was a member of the World Economic Forum’s Global Future Councils (2016-2018) and is a WEF Expert Network member. His first published book was on Japan’s challenges and potential titled “Japan’s Open Future: An Agenda for Global Citizenship” (co-authored with J.P. Lehmann and J. Haffner). His latest work is an edited book titled “The Life of Russian Business: (Re)cognizing, (Re)activating and (Re)configuring Institutions.” Tomas holds a BSc from the Wharton School, University of Pennsylvania, USA, a MSc from Fudan University, China and a PhD in Economics from the University of St. Gallen, Switzerland.