Where does prosperity come from, and how does it spread through a society? What role does innovation play in creating prosperity and why do some eras see the fruits of innovation spread more democratically, and others, including our own, find the opposite?
In Capitalism in America, Alan Greenspan, legendary Chair of the Federal Reserve, distils a lifetime of grappling with these questions into a profound assessment of the decisive drivers of the US economy over the course of its history. In partnership with Economist journalist and historian Adrian Wooldridge, he unfolds a tale of vast landscapes, titanic figures and triumphant breakthroughs as well as terrible moral failings. Every crucial American economic debate is here - from the role of slavery in the antebellum Southern economy to America's violent swings in its openness to global trade.
At heart, the authors argue, America's genius has been its enthusiasm for the effects of creative destruction, the ceaseless churn of the old giving way to the new. Although messy and painful, it has lifted the overwhelming majority of Americans to standards of living unimaginable even a few generations past. At a time when productivity has again stalled, stirring populist furies, and the continuing of American pre-eminence seems uncertain, Capitalism in America explains why America has worked so successfully in the past and been such a gigantic engine of economic growth.
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- Verlag: Penguin Books Ltd
- Seitenzahl: 512
- Erscheinungstermin: 16.10.2018
- ISBN-13: 9780241366561
- Artikelnr.: 52592624
Capitalism in America makes a strong case, with some wonderful insights into business history. Innovation, spread to the masses, is indeed the engine of capitalist economies. The Economist
A compelling and well-documented single-volume history. It reminds us of how the US has beaten the world in the past 150 years and why it might still be unwise to bet against it now. The Times of London
A masterful guide to capitalism American style . . . You don t have to be an economics wonk to enjoy and learn from Capitalism in America. The Washington Times
Capitalism in America is a delightful romp through the 400-year economic life of America from agricultural giant to industrial juggernaut to information/technology revolutionary. Stories and statistics sparkle on every page. But the book is more than a history. It is a policy guide to make sure capitalism in America flourishes like never before . . . this book is required reading for anyone who cares about life, liberty, and prosperity in America. The American Conservative
Strongly recommended. This illuminating and in-depth history . . . is a valuable contribution to U.S. business history because it explains financial events and the culture of innovation from macroeconomic perspectives and offers remarkable insights into the current business climate. Library Journal, starred review
A smart and engaging look at the workings of the economic machine under various regimes, isolationist and internationalist alike. Kirkus
A sweeping and brilliantly told narrative by two authors who have spent their careers thinking about the wellsprings of economic growth. Anchored by the combination of Alan Greenspan s legendary skill with data and talent for analysis, and Adrian Wooldridge s knowledge and perspective on business history, Capitalism in America is full of insights that will surprise you and change your perspective on many of the key episodes of U.S history. Liaquat Ahamed, author of Lords of Finance, winner of the 2010 Pulitzer Prize
A work of bold sweep and illuminating insight that tells nothing less than the story of American capitalism both its extraordinary achievements and its darkest moments from the earliest days in colonies at the edge of the world, to the Internet revolution. Greenspan and Wooldridge combine penetrating analysis with striking portraits of the people who made it all happen, which, together, demonstrate their theme of the constant capacity for innovation and reinvention. At a time when capitalism itself is a subject of doubt and target of assault, this is a book that the times demand, and one that will contribute much to the debate. Daniel Yergin, author of The Prize and The Quest and co-author of Commanding Heights: the Battle for the World Economy