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Capitalism in America - A History (Hardcover)
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Capitalism in America - A History (Hardcover)
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'An inspiring, rip-roaring read - like the astonishing story it
describes' Liam Halligan, Daily Telegraph 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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