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Why capitalism?Meltzer, Allan H.A review of the headlines of the past decade seems to show that disasters are often part of capitalist systems: the high-tech bubble, the Enron fraud, the Madoff Ponzi scheme, the great housing ... bubble, massive lay-offs, and a widening income gap. Disenchantment with the market economy has reached the point that many even question capitalism itself. The author disagrees, and drawing on deep expertise as a financial historian and authority on economic theory, he provides a resounding answer to the question, 'why capitalism?' Only capitalism, he writes, maximizes both growth and individual freedom. Unlike socialism, capitalism is adaptive, not rigid; private ownership of the means of production flourishes wherever it takes root, regardless of culture. Laws intended to tamper with its fundamental dynamics, such as those that redistribute wealth, fail. European countries boasting extensive welfare programs have not surpassed the more market-oriented United States. Capitalism does require a strong legal framework, he writes, and it does not solve all problems efficiently. But he finds that its problems stem from universal human weaknesses such as dishonesty, venality, and expediency, which are not specific to capitalism. Along the way, he systematically analyzes the role of government, positing that regulations are static, but markets are dynamic, usually seeking ways to skirt the rules. Regulation is socially useful if it brings private costs into line with social costs (for example, the cost of taxes to hire policemen compared to that of the impact of rampant crime); if it doesn't, regulation simply invites circumventionVrsta gradiva - znanstvena monografija ; neleposlovje za odrasleZaložništvo in izdelava - New York [etc.] : Oxford University Press, cop. 2012Jezik - angleškiISBN - 978-0-19-985957-3COBISS.SI-ID - 31588445
Avtor
Meltzer, Allan H.
Teme
Capitalism |
Kapitalizem |
Kapitalistični sistem |
Capitalist system |
politična ekonomija |
ekonomski sistemi |
kapitalizem |
ekonomske teorije |
zgodovina |
cikli |
recesije |
ekonomska rast |
ekonomska svoboda |
pravo |
zakonodaja |
vlada |
political economy |
economic systems |
capitalism |
economic theories |
history |
business cycles |
recessions |
economic growth |
economic freedom |
law |
legislation |
government
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Dostava po pošti
vrniti v Pravna fakulteta, Knjižnica Mirka Ilešiča, Maribor |
dostava iz druge lokacije
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knjižnica - prosti pristop m 330.3 MELTZER A. H. Why capitalism? IN: 039972 knjižnica - prosti pristop m 330.3 MELTZER A. H. Why capitalism? IN: 039972 |
prosto - na dom, čas izposoje: 28 dni
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Meltzer, Allan H. |
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