Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

ISBN-10: 0300158327

ISBN-13: 9780300158328

Edition: 2009

Authors: William J. Baumol, Robert E. Litan, Carl J. Schramm

List price: $22.00 Buy it from $5.45
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Description:

Imagine this: a mere century ago, the purchasing power of an average American was one-tenth of what it is today. But what will it take to sustain that growth through the next century? And what can be said about economic growth to aspiring nations seeking higher standards of living for their citizens? In this important book, William J. Baumol, Robert E. Litan, and Carl J. Schramm contend that the answers to these questions lie within capitalist economies, though many observers make the mistake of believing that "capitalism" is of a single kind. Writing in an accessible style, the authors dispel that myth, documenting four different varieties of capitalism, some "Good" and some "Bad" for growth. The authors identify the conditions that characterize Good Capitalismthe right blend of entrepreneurial and established firms, which can vary among countriesas well as the features of Bad Capitalism. They examine how countries catching up to the United States can move faster toward the economic frontier, while laying out the need for the United States itself to stick to and reinforce the recipe for growth that has enabled it to be the leading economic force in the world. This pathbreaking book is a must read for anyone who cares about global growth and how to ensure America's economic future.
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Book details

List price: $22.00
Copyright year: 2009
Publisher: Yale University Press
Publication date: 10/27/2009
Binding: Paperback
Pages: 336
Size: 6.25" wide x 9.25" long x 1.25" tall
Weight: 0.836
Language: English

Preface
Entrepreneurship and Growth: A Missing Piece of the Puzzle
Why Economic Growth Matters
What Drives Economic Growth?
Capitalism: The Different Types and Their Impacts on Growth
Growth at the Cutting Edge
Unleashing Entrepreneurship in Less Developed Economies
The Big-Firm Wealthy Economies: Preventing Retreat or Stagnation
The Care and Maintenance of Entrepreneurial Capitalism
Appendix: Data Collection and Measurement Issues
Notes
Bibliography
Index
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