Christian Union New York Salon with Dr. Jay Jakub

About Dr. Jay Jakub
Jay Jakub, D.Phil is the Senior Director of External Research at Mars Catalyst

Topic 
The topic of the salon was “Jubilee Economics: Transforming Business for Good.” For the past fifty years, business leaders have believed their sole responsibility is to maximize profit for shareholders alone, and that for business to do ‘good’ for society or the environment, there must always be a costly tradeoff of profit, thereby limiting scale of impact. This obsessive focus on profit nearly sunk the global economy in 2008, while the many Corporate Social Responsibility initiatives (CSR) emerging from business have shown limited results and are often more for reputational purposes than for transformation. From a Christian perspective, Jay Jakub offers a more complete form of capitalism called the ‘Economics of Mutuality,’ which focuses business on the needs of others (the means) rather than on maximizing shareholder value (the ends). By so doing in real business situations, superior performance (including profit) is the outcome as it mobilizes and generates human, social, and natural capital along with financial capital. Put forth in his recently released book Completing Capitalism, Dr. Jakub and Mars Catalyst have developed a field-tested entrepreneurial model, currently in live business pilots in Africa, Asia, and elsewhere, which is transformational for both business and the world.

Salons
Christian Union New York salons are fashioned after the features that made earlier European salons famous – an inspiring venue for the exchange of ideas. CU New York Salons provide an intimate gathering for Christian leaders to develop strong ties, discussing topics that will strengthen both the intellectual and supernatural dimensions of your Christian faith. Expert speakers will go in-depth, and participants will have the opportunity to interact with the guest presenter as well as one another.