Abstract
In this two‐part introduction to the book they are writing, two of the founding partners of New York corporate finance consulting firm Stern Stewart discuss the contribution of the principles and methods of corporate finance to the remarkable increase in U.S. social wealth during the past 40 years—that is, since the decade of the 1970s, when, as the authors maintain, the U.S. corporate governance system was on the verge of failure.
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