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Is Capitalism Obsolete?

By Giacomo Corneo

Is Capitalism Obsolete? Business, Finance & Career

Is Capitalism Obsolete?

0 - Used - very good
Description
After communism collapsed in the former Soviet Union, capitalism seemed to many observers like the only game in town, and questioning it became taboo for academic economists. But the financial crisis, chronic unemployment, and the inexorable rise of inequality have resurrected the question whether there is a feasible and desirable alternative to capitalism. Against this backdrop of growing disenchantment, Giacomo Corneo presents a refreshingly antidogmatic review of economic systems, in the unusual form of a fictional dialogue between a daughter indignant about economic injustice and her father, a professor of economics. "Is Capitalism Obsolete?" begins when the daughter's angry complaints prompt her father to reply that capitalism cannot responsibly be abolished without an alternative in mind. He invites her on a tour of hypothetical economic systems in which production and consumption obey noncapitalistic rules. These range from Plato's Republic of Philosophers to diverse modern models, including anarchic communism, central planning, and a stakeholder society. Some of these alternatives have considerable strengths. But daunting problems arise when the basic institutions of capitalism - markets and private property - are suppressed. Ultimately, the father argues, all traditional counterproposals to capitalism fail to pass the test of economic feasibility. Then the story takes an unexpected turn. Father and daughter jointly come up with a proposal to gradually transform the current economic system so as to share prosperity and foster democratic participation. An exceptional combination of creativity and rigor, "Is Capitalism Obsolete?" is a sorely needed work about one of the core questions of our times.
Product details
Edition:
1
Number of Pages:
312
Release Date:
2017-09-11
Publication Date:
2017-10-17
Publisher:
Harvard University Press
Languages:
Original: English
ISBN10:
0674495284
ISBN13:
9780674495289
GPSR Manufacturer Reference:
[email protected]
Weight:
642 g
Height:
161 cm
Width:
244 cm
Thickness:
27 cm
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