Better Capitalism: Renewing the Entrepreneurial Strength of the American Economy

Better Capitalism: Renewing the Entrepreneurial Strength of the American Economy

by Robert E. Litan, Carl J. Schramm
     
 

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ISBN-10: 0300146787

ISBN-13: 9780300146783

Pub. Date: 09/25/2012

Publisher: Yale University Press

In the wake of the Great Recession and America's listless recovery from it, economists, policymakers, and media pundits have argued at length about what has gone wrong with the American capitalist system. Even so, few constructive remedies have emerged. This welcome book cuts through the chatter and offers a detailed, nonideological, and practical blueprint to

Overview

In the wake of the Great Recession and America's listless recovery from it, economists, policymakers, and media pundits have argued at length about what has gone wrong with the American capitalist system. Even so, few constructive remedies have emerged. This welcome book cuts through the chatter and offers a detailed, nonideological, and practical blueprint to restore the vigor of the American economy.

Better Capitalism extends and significantly expands on the insights of the authors' widely praised previous book, Good Capitalism, Bad Capitalism, co-written with William Baumol. In Better Capitalism, Robert E. Litan and Carl J. Schramm focus on the huge—but often unrecognized—importance of entrepreneurship to overall economic growth. They explain how changes in seemingly unrelated policy arenas—immigration, education, finance, and federal support of university research—can accelerate America's recovery from recession and spur the nation's rate of growth in output while raising living standards. The authors also outline an innovative energy strategy and discuss the potential benefits of government belt-tightening steps. Sounding an optimistic note when gloomy predictions are the norm, Litan and Schramm show that, with wise and informed policymaking, the American entrepreneurial engine can rally and the true potential of the U.S. economy can be unlocked.

Product Details

ISBN-13:
9780300146783
Publisher:
Yale University Press
Publication date:
09/25/2012
Edition description:
New Edition
Pages:
280
Product dimensions:
6.20(w) x 9.40(h) x 1.10(d)

Table of Contents

Preface vii

1 Toward Better Capitalism 1

2 Toward a New Understanding of the Economy: An Entrepreneurial Synthesis 35

3 Toward a More Entrepreneurial Economy 56

4 Unleashing America's Academic Entrepreneurs 85

5 Importing Entrepreneurs 108

6 Improving Entrepreneurial Finance 124

7 Toward Sustainable Growth 149

8 Averting Future Economic Crises 171

9 Entrepreneurship and the Opportunity Society 201

10 Conclusion: The Political Economy of Growth 227

Notes 233

Bibliography 245

Index 255

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