Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis

Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis

by Anatole Kaletsky


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In this controversial book, Anatole Kaletsky puts the upheavals of 2007-2009 in historical and ideological perspective. He shows how the forces that precipitated the financial meltdown are now creating a new and stronger version of the global capitalist system— one that will continue to be led and shaped by the U.S. if its businesses and politicians play their cards well. This is Capitalism 4.0, and it will change politics, finance, international relations, and economic thinking in the coming decades.

Product Details

ISBN-13: 9781586489625
Publisher: PublicAffairs
Publication date: 06/28/2011
Edition description: Reprint
Pages: 448
Sales rank: 589,764
Product dimensions: 5.50(w) x 8.20(h) x 1.20(d)

About the Author

Anatole Kaletsky is editor-at-large of the Times of London, where he writes weekly columns on economics, politics, and international relations, and a founding partner and chief economist of GaveKal Capital, a Hong Kong-based investment company. He is on the governing board of the New York-based Institute for New Economic Theory.

Table of Contents

Introduction 1

Part I Capitalism and Evolution

1 Mr. Micawber and Mad Max 19

2 Political Economy and Evolution 32

3 The Four Ages of Capitalism 41

Part II The Arrow and the Ring

4 Annus Mirabilis 58

5 The Four Megatrends 67

6 The Great Moderation 71

7 The Financial Revolution 85

8 The Ring of Finance 103

9 Boom and Bust Forever 112

Part III Market Fundamentalism Self-Destructs

10 The Economic Consequences of Mr. Paulson 128

11 There Is No Can Opener 156

12 Toward a New Economics 181

Part IV The Great Transition

13 The Adaptive Mixed Economy 190

14 Irresistible Force Meets Immoveable Object 201

15 What-Me Worry? 209

Part V Capitalism 4.0 and the Future

16 Economic Policy in Capitalism 4.0 231

17 Politics in Capitalism 4.0 267

18 Finance and Banking in Capitalism 4.0 291

19 The World of Capitalism 4.0 302

Notes 335

Bibliography 369

Acknowledgments 379

Index 383

About the Author 397

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