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Books > History > History of specific subjects > Economic history
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What Capitalism Needs - Forgotten Lessons of Great Economists (Hardcover)
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What Capitalism Needs - Forgotten Lessons of Great Economists (Hardcover)
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From unemployment to Brexit to climate change, capitalism is in
trouble and ill-prepared to cope with the challenges of the coming
decades. How did we get here? While contemporary economists and
policymakers tend to ignore the political and social dimensions of
capitalism, some of the great economists of the past - Adam Smith,
Friedrich List, John Maynard Keynes, Joseph Schumpeter, Karl
Polanyi and Albert Hirschman - did not make the same mistake.
Leveraging their insights, sociologists John L. Campbell and John
A. Hall trace the historical development of capitalism as a social,
political, and economic system throughout the twentieth and early
twenty-first centuries. They draw comparisons across eras and
around the globe to show that there is no inevitable logic of
capitalism. Rather, capitalism's performance depends on the
strength of nation-states, the social cohesion of capitalist
societies, and the stability of the international system - three
things that are in short supply today.
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