Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity / Edition 1

Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity / Edition 1

by Raghuram G. Rajan, Luigi Zingales
     
 

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ISBN-10: 0691121281

ISBN-13: 9780691121284

Pub. Date: 08/23/2004

Publisher: Princeton University Press

Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. They are the catalyst for inspiring human ingenuity and spreading prosperity. The perception of many, especially in the wake of never-ending corporate scandals, is that financial

Overview

Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. They are the catalyst for inspiring human ingenuity and spreading prosperity. The perception of many, especially in the wake of never-ending corporate scandals, is that financial markets are parasitic institutions that feed off the blood, sweat, and tears of the rest of us. The reality is far different.

This book breaks free of traditional ideological arguments of the Right and Left and points to a new way of understanding and spreading the extraordinary wealth-generating capabilities of capitalism.

Product Details

ISBN-13:
9780691121284
Publisher:
Princeton University Press
Publication date:
08/23/2004
Edition description:
With a New Preface by the Authors
Pages:
392
Sales rank:
880,061
Product dimensions:
6.12(w) x 9.06(h) x 0.93(d)

Table of Contents


Preface ix
Introduction 1
PART I:THE BENEFITS OF FREE FINANCIAL MARKETS
CHAPTER 1: Does Finance Benefit Only the Rich? 25
CHAPTER 2: Shylock Transformed 44
CHAPTER 3: The Financial Revolution and Individual Economic Freedom 68
CHAPTER 4: The Dark Side of Finance 93
CHAPTER 5: The Bottom Line on Financial Development 108
PART II: WHEN DO FINANCIAL MARKETS EMERGE?
CHAPTER 6: The Taming of the Government 129
CHAPTER 7: The Impediments to Financial Development 157
CHAPTER 8: When Does Finance Develop? 172
PART III: THE GREAT REVERSAL
CHAPTER 9: The Great Reversal between Wars 201
CHAPTER 10: Why Was the Market Suppressed? 226
CHAPTER 11: The Decline and Fall of Relationship Capitalism 247
PART IV: HOW CAN MARKETS BE MADE MORE VIABLE POLITICALLY?
CHAPTER 12: The Challenges Ahead 275
CHAPTER 13: Saving Capitalism from the Capitalists 293
Conclusion 311
Notes 315
Bibliography 342
Index 359

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