Good capitalism, bad capitalism, and the economics of growth and prosperity /
General Material Designation
[Book]
First Statement of Responsibility
William J. Baumol, Robert E. Litan, Carl J. Schramm
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New Haven :
Name of Publisher, Distributor, etc.
Yale University Press,
Date of Publication, Distribution, etc.
c2007
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
x, 321 p. :
Other Physical Details
ill. ;
Dimensions
25 cm
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (p. 299-312) and index
SUMMARY OR ABSTRACT
Text of Note
"Imagine this: a mere century ago, the purchasing power of an average American was one-tenth of what it is today. But what will it take to sustain that growth through the next century? And what can be said about economic growth to aspiring nations seeking higher standards of living for their citizens?" "In this important book, William J. Baumol, Robert E. Litan, and Carl J. Schramm contend that the answers to these questions lie within capitalist economies, though many observers make the mistake of believing that "capitalism" is of a single kind. Writing in an accessible style, the authors dispel that myth, documenting four different varieties of capitalism, some "Good" and some "Bad" for growth. The authors 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."--Jacket