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Panmure House is the final and only remaining home of Adam Smith, Scottish philosopher and 'Father of modern economics.' Smith occupied the House between 1778 and 1790, during which time he completed the final editions of his master works: The Theory of Moral Sentiments and The Wealth of Nations. Other great luminaries and thinkers of the Scottish Enlightenment visited Smith regularly at the House across this period. Our mission is to provide a world-class 21st-century centre for social and economic debate and research, convening in the name of Adam Smith to effect positive change and forge global, future-focussed networks.

About this Cambridge Elements series

The Reinventing Capitalism series seeks to feature explorations about the crisis of legitimacy facing capitalism today, including the increasing income and wealth gap, the decline of the middle class, threats to employment due to globalization and digitalization, undermined trust in institutions, discrimination against minorities, global poverty and pollution.

The series is intended to be a collection of authoritative literature reviews of foundational topics on renewing capitalism. Contributions to the series aim to be both forward-looking as well as descriptive of recent developments. Being grounded in a business and management perspective, the series incorporates insights from multiple disciplines that promise to substantiate the causes of the current crisis and potential solutions what needs to be done.

Subjects cover the history and development of various forms of capitalism; the relationship between capitalism, socialism, and democracy; the role of “moral sentiments” in the modern economy; capitalism and the future of corporate governance; globalization in a disaggregating world; and entrepreneurship and innovation in the modern economy.

Series Co-Editors

Arie Y. Lewin

Duke University

Arie Y. Lewin is Professor Emeritus of Strategy and International Business at Duke University, Fuqua School of Business. Elected Fellow of Academy of International Business. Recipient of Academy of Management inaugural Joanne Martin Trailblazer Award. Editor-in-Chief of Management and Organization Review (2015-2021); Journal of International Business Studies (2000-2007); and founding Editor-in-Chief of Organization Science (1989-2007). Convener of Organization Science Winter Conference (1990-2012). Research center on studies of organizations adaptation as co-evolutionary systems, emergence of new organizational forms and adaptive capabilities of innovating and imitating organizations. Current research focuses on de-globalization and decoupling, Fourth Industrial Revolution and the renewal of capitalism.

Till Talaulicar

University of Erfurt

Till Talaulicar holds the Chair of Organization and Management at the University of Erfurt where he is also the Dean of the Faculty of Economics, Law and Social Sciences. His main research expertise is in the areas of corporate governance and the responsibilities of the corporate sector in modern societies. Professor Talaulicar is Editor-in-Chief of Corporate Governance: An International Review, Senior Editor of Management and Organization Review and serves on the Editorial Board of Organization Science. Moreover, he has been Founding Member and Chairperson of the Board of the International Corporate Governance Society (2014-2020).


Contact the editors

Professor Arie Y. Lewin, Ph.D

Professor Dr. Till Talaulicar

Editorial advisory board

Paul S. Adler, University of Southern California, USA
Ruth V. Aguilera, Northeastern University, USA
Christina Ahmadjian, Hitotsubashi University, Japan
Helena Barnard, University of Pretoria, South Africa
Jay Barney, University of Utah, USA
Jerry Davis, University of Michigan, USA
Steve Denning, Forbes
Rebecca Henderson, Harvard University, USA
Thomas Hutzschenreuter, TU München, Germany
Tarun Khanna, Harvard University, USA
Peter G. Klein, Baylor University, USA
Costas Markides, London Business School, UK
Anita McGahan, University of Toronto, Canada
Rita McGrath, Columbia University, USA
Heather McGregor, Edinburgh Business School, UK 
Alan Meyer, University of Oregon, USA
Katrin Muff, LUISS University Rome, Italy
Peter Murmann, University of St. Gallen, Switzerland
Tsuyoshi Numagami, Hitotsubashi University, Japan
Margit Osterloh, University of Basel, Switzerland
Andreas Georg Scherer, University of Zurich, Switzerland
Blair Sheppard, PwC, USA
Jeffrey Sonnenfeld, Yale University, USA
John Sutton, LSE, UK
David Teece, UC Berkeley, USA
Anne S. Tsui, University of Notre Dame, USA
Alain Verbeke, University of Calgary, Canada
Henk Volberda, University of Amsterdam, The Netherlands
Mira Wilkins, Florida International University, USA
Sarah Williamson, FCLTGlobal, USA
Arjen van Witteloostuijn, VU Amsterdam, The Netherlands
George Yip, Imperial College London, UK

Areas of interest

Business, Economics


Corporate Governance


Equality of Opportunities

Fourth Industrial Revolution

Future of Work

Globalization, De-globalization

History of Business


International Business

Management Ideologies

Political Science