What Capitalism Needs
From unemployment to Brexit to climate change, capitalism is in trouble and ill-prepared to cope with the challenges of the coming decades. While contemporary economists and policymakers tend to ignore the political and social dimensions of capitalism, some of the great economist… Celý popis ↓
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What Capitalism Needs
From unemployment to Brexit to climate change, capitalism is in trouble and ill-prepared to cope with the challenges of the coming decades. While contemporary economists and policymakers tend to ignore the political and social dimensions of capitalism, some of the great economists of the past - Adam Smith, Friedrich List, John Maynard Keynes, Joseph Schumpeter, Karl Polanyi and Albert Hirschman - did not make the same mistake. How did we get here?
Campbell and John A. Leveraging their insights, sociologists John L. Hall trace the historical development of capitalism as a social, political, and economic system throughout the twentieth and early twenty-first centuries.
They draw comparisons across eras and around the globe to show that there is no inevitable logic of capitalism. Rather, capitalism's performance depends on the strength of nation-states, the social cohesion of capitalist
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