Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity / Edition 1

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity / Edition 1

by William J. Baumol, Robert E. Litan, Carl J. Schramm, Carl Schramm
     
 

ISBN-10: 0300109415

ISBN-13: 9780300109412

Pub. Date: 05/22/2007

Publisher: Yale University Press

In this important book, three prominent economists propose that there are different varieties of capitalism in the world today--some good for economic growth, others decidedly bad. Writing in an accessible style, William J. Baumol, Robert E. Litan, and Carl J. Schramm documentfour different varieties of capitalism and identify the conditions that characterize

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Overview

In this important book, three prominent economists propose that there are different varieties of capitalism in the world today--some good for economic growth, others decidedly bad. Writing in an accessible style, William J. Baumol, Robert E. Litan, and Carl J. Schramm documentfour different varieties of capitalism and identify the conditions that characterize Good Capitalism—the right blend of entrepreneurial and established firms, which can vary among countries—as 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.

Product Details

ISBN-13:
9780300109412
Publisher:
Yale University Press
Publication date:
05/22/2007
Edition description:
New Edition
Pages:
336
Product dimensions:
6.13(w) x 9.25(h) x (d)

Table of Contents

Preface vii

1 Entrepreneurship and Growth: A Missing Piece of the Puzzle 1

2 Why Economic Growth Matters 15

3 What Drives Economic Growth? 35

4 Capitalism: The Different Types and Their Impacts on Growth 60

5 Growth at the Cutting Edge 93

6 Unleashing Entrepreneurship in Less Developed Economies 133

7 The Big-Firm Wealthy Economies: Preventing Retreat or Stagnation 185

8 The Care and Maintenance of Entrepreneurial Capitalism 228

Appendix: Data Collection and Measurement Issues 277

Notes 287

Bibliography 299

Index 313

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