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A Capitalism for the People : Recapturing the Lost Genius of American Prosperity
by Luigi Zingales

Overview - A forceful and sometimes personal look at how pro-business forces overwhelmedthe pro-market principles that made American capitalism great, and how to getit back on track.   Read more...

 
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More About A Capitalism for the People by Luigi Zingales
 
 
 
Overview
A forceful and sometimes personal look at how pro-business forces overwhelmedthe pro-market principles that made American capitalism great, and how to getit back on track.

 
Details
  • ISBN-13: 9780465029471
  • ISBN-10: 0465029477
  • Publisher: Basic Books (AZ)
  • Publish Date: June 2012
  • Page Count: 336


Related Categories

Books > Business & Economics > Free Enterprise
Books > Business & Economics > Economic Conditions
Books > Political Science > Public Policy - Economic Policy

 
Publishers Weekly Reviews

Publishers Weekly® Reviews

  • Reviewed in: Publishers Weekly, page .
  • Review Date: 2012-04-23
  • Reviewer: Staff

Zingales, a finance professor at the University of Chicago’s Booth School of Business and coauthor of Saving Capitalism from the Capitalists, presents a striking dichotomy: most Americans endorse the free market system, but fear the power of big business. In an engaging if imprecise argument, he suggests that channeling “populist anger” can reinvigorate the “power of competition” and reverse the movement toward a “crony system.” Pro–free market beliefs are reflected in U.S. history, Zingales shows: contrary to world norms, here democracy preceded industrialization, and the mobility of the frontier encouraged personal initiative. As the government’s role in the economy has exploded, however—between 1900 and 2005 the fraction of GDP controlled by government rose eightfold—big business has turned this to its benefit. Zingales maintains that disenchantment with the bank bailouts of both the Bush and Obama administrations makes today a potent moment for the public to demand systemic reform, and persuasively demonstrates the urgent need for action. However, the specifics of his proposed remedies—including “equality of opportunity,” enhanced competition, market-based ethics, lobbying restraints, and public access to economic data—are vague rather than a clarion call. Of more value is his insight that intellectual and economic freedom are intertwined, and that business schools and academics can promote the common good by encouraging true competition and truly free markets. Agent: Eric Lupfer, WME. (June)

 
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