As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy.
- Joseph E. Stiglitz, People, Power, and Profits: Progressive Capitalism for an Age of Discontent, W.W. Norton, New York; Allen Lane, London, 2019.
- Paul Collier, The Future of Capitalism: Facing the New Anxieties, Harper, New York; Allen Lane, London, 2018.
- Branko Milanovic, Capitalism, Alone: The Future of the System That Rules the World, Belknap Press, Cambridge, 2019 (forthcoming).
AUSTIN, TEXAS – What fate awaits capitalism, and to what extent do our current economic conditions reflect its shortcomings? With deferential references to Adam Smith, and firmly anchored in the high critical tradition of political economy, all three books under review seek to answer these questions. Their authors are all capitalists, resigned if not enthusiastic; they share a conviction that there is no viable alternative system. Thus, whatever its flaws, capitalism must be reformed.
AUSTIN, TEXAS – What fate awaits capitalism, and to what extent do our current economic conditions reflect its shortcomings? With deferential references to Adam Smith, and firmly anchored in the high critical tradition of political economy, all three books under review seek to answer these questions. Their authors are all capitalists, resigned if not enthusiastic; they share a conviction that there is no viable alternative system. Thus, whatever its flaws, capitalism must be reformed.