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CAPITALISM 4.0

Anatole Kaletsky

 

Subtitle: The Birth of a new Economy in the Aftermath of Crisis, Public Affairs, New York, 2011, 422 pgs., index, bibliography

 
 

Reviewer comments:

The author describes 'capitalism' as an organic creature that evolves and reorganizes itself to suit external and internal conditions and circumstances as if it were alive seeking self preservation. Actually, it is an abstract concept and today's version of that concept far exceeded its original idea. He selects certain events that took place and dominant economic theories that were popular at times to identify stages in this evolution, which he divides into three major eras, each with several subdivisions beginning in the late 18th century with Adam Smith. All this is background leading up to his major theory that the world is now entering into a fourth and very distinct new phase of 'capitalism' brought about by the financial crisis of 2008-09, which, he believes, occurred due to a failure of stage three capitalism. This theoretical method greatly downplays the influence on events of the human actors responsible..

 
 

Preface

 
 

Introduction

 
 

Chapter 1- Mr. Micawber and Mad Max

 
 

Chapter 2 - Political Economy and Evolution

 
 

Chapter 3 - The Four Ages of Capitalism

 
 

Chapter 4 - Annus Mirabilis

 
 

Chapter 5 - The Four Megatrends

 
 

Chapter 6 - The Great Moderation

 
 

Chapter 7 - The Financial Revolution

 
 

Chapter 8 - The Ring of Finance

 
 

Chapter 9 - Boom and Bust Forever

 
 

Chapter 10 - The Economic Consequences of Mr. Paulson

 
 

Chapter 11 - There Is No Can Opener

 
 

Chapter 12 - Toward a New Economics

 
 

Chapter 13 -The Adaptive Mixed Economy

 
 

Chapter 14 - Irresistible Force Meets Immovable Object

 
 

Chapter 15 - What -- Me Worry?

 
 

Chapter 16 - Economic Policy in Capitalism 4.0

 
 

Chapter 17 - Politics in Capitalism 4.0

 
 

Chapter 18 - Finance and Banking in Capitalism 4.0

 
 

Chapter 19 - The World of Capitalism 4.0

 
 

Epilogue

 
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Jerry Z. Muller - The Mind and the Market

 
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Jerry Z. Muller - Thinking about Capitalism

 
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Philip Coggan - Paper Promises: Debt, Money and The New World Order

 
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Geoffrey Ingham - The Nature of Money

 
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Murray N. Rothbard - Economic Thought Before Adam Smith

 
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Edward F. Stuart - Capitalism vs. Socialism: Comparing Economic Systems

 
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