Synopsis
An Economist Book of the Year
A Financial Times Book of the Year
A Foreign Affairs Best Book of the Year
A Prospect Best Book of the Year
A ProMarket Book of the Year
An Omidyar Network “8 Storytellers Informing How We’ve been Reimagining Capitalism” Selection
“Brilliant…Poses all the important questions about our future.”
―Gordon Brown
“A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured.”
―The Economist
We are all capitalists now. For the first time in human history, the world is dominated by one economic system. At some level capitalism has triumphed because it works: it delivers prosperity and gratifies our desire for autonomy. But this comes at a moral price, pushing us to treat material success as the ultimate goal, and offers no guarantee of stability. While Western liberal capitalism creaks under the strains of inequality and excess, some are flaunting the virtues of political capitalism, exemplified by China, which may be more efficient, but is also vulnerable to corruption and social unrest.
One of the outstanding economists of his generation, Branko Milanovic mines the data to tell his ambitious and compelling story. Capitalism gets a lot wrong, he argues, but also much right―and it isn’t going away anytime soon. Our task is to improve it in the hopes that a more equitable capitalism can take hold.
“Erudite, illuminating…Engaging to read…As a virtuoso economist, Milanovic is superb when he is compiling and assessing data.”
―Robert Kuttner, New York Review of Books
“Leaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching.”
―Edward Luce, Financial Times
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About the Author
Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Formerly Lead Economist in the World Bank’s research department, he is the author of Capitalism, Alone; and The Haves and the Have-Nots.
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Capitalism, Alone: The Future of the System That Rules the World
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Paperback. Condition: new. Paperback. An Economist Best Book of the YearA Financial Times Best Book of the YearA Foreign Affairs Best Book of the YearA ProMarket Best Book of the YearA Prospect Best Book of the YearA provocative account of capitalism's rise to global dominance and, as different models of capitalism vie for world leadership, a look into what the future may hold.We are all capitalists now. For the first time in human history, the globe is dominated by one economic system. In Capitalism, Alone, leading economist Branko Milanovic explains the reasons for this decisive historical shift since the days of feudalism and, later, communism. Surveying the varieties of capitalism, he asks: What are the prospects for a fairer world now that capitalism is the only game in town? His conclusions are sobering, but not fatalistic. Capitalism gets much wrong, but also much right-and it is not going anywhere. Our task is to improve it.Milanovic argues that capitalism has triumphed because it works. It delivers prosperity and gratifies human desires for autonomy. But it comes with a moral price, pushing us to treat material success as the ultimate goal. And it offers no guarantee of stability. In the West, liberal capitalism creaks under the strains of inequality and capitalist excess. That model now fights for hearts and minds with political capitalism, exemplified by China, which many claim is more efficient, but which is more vulnerable to corruption and, when growth is slow, social unrest. As for the economic problems of the Global South, Milanovic offers a creative, if controversial, plan for large-scale migration. Looking to the future, he dismisses prophets who proclaim some single outcome to be inevitable, whether worldwide prosperity or robot-driven mass unemployment. Capitalism is a risky system. But it is a human system. Our choices, and how clearly we see them, will determine how it serves us. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780674260306
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Paperback. Condition: New. An Economist Book of the YearA Financial Times Book of the YearA Foreign Affairs Best Book of the YearA Prospect Best Book of the YearA ProMarket Book of the YearAn Omidyar Network "8 Storytellers Informing How We've been Reimagining Capitalism" Selection"Brilliant.Poses all the important questions about our future."-Gordon Brown"A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured."-The EconomistWe are all capitalists now. For the first time in human history, the world is dominated by one economic system. At some level capitalism has triumphed because it works: it delivers prosperity and gratifies our desire for autonomy. But this comes at a moral price, pushing us to treat material success as the ultimate goal, and offers no guarantee of stability. While Western liberal capitalism creaks under the strains of inequality and excess, some are flaunting the virtues of political capitalism, exemplified by China, which may be more efficient, but is also vulnerable to corruption and social unrest.One of the outstanding economists of his generation, Branko Milanovic mines the data to tell his ambitious and compelling story. Capitalism gets a lot wrong, he argues, but also much right-and it isn't going away anytime soon. Our task is to improve it in the hopes that a more equitable capitalism can take hold."Erudite, illuminating.Engaging to read.As a virtuoso economist, Milanovic is superb when he is compiling and assessing data."-Robert Kuttner, New York Review of Books"Leaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching."-Edward Luce, Financial Times. Seller Inventory # LU-9780674260306
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Paperback. Condition: New. An Economist Book of the YearA Financial Times Book of the YearA Foreign Affairs Best Book of the YearA Prospect Best Book of the YearA ProMarket Book of the YearAn Omidyar Network "8 Storytellers Informing How We've been Reimagining Capitalism" Selection"Brilliant.Poses all the important questions about our future."-Gordon Brown"A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured."-The EconomistWe are all capitalists now. For the first time in human history, the world is dominated by one economic system. At some level capitalism has triumphed because it works: it delivers prosperity and gratifies our desire for autonomy. But this comes at a moral price, pushing us to treat material success as the ultimate goal, and offers no guarantee of stability. While Western liberal capitalism creaks under the strains of inequality and excess, some are flaunting the virtues of political capitalism, exemplified by China, which may be more efficient, but is also vulnerable to corruption and social unrest.One of the outstanding economists of his generation, Branko Milanovic mines the data to tell his ambitious and compelling story. Capitalism gets a lot wrong, he argues, but also much right-and it isn't going away anytime soon. Our task is to improve it in the hopes that a more equitable capitalism can take hold."Erudite, illuminating.Engaging to read.As a virtuoso economist, Milanovic is superb when he is compiling and assessing data."-Robert Kuttner, New York Review of Books"Leaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching."-Edward Luce, Financial Times. Seller Inventory # LU-9780674260306