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Subtitle: The Birth of a new Economy in the Aftermath of Crisis, Public
Affairs, New York, 2011, 422 pgs., index, bibliography
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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..
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Preface
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Introduction
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Chapter 1- Mr. Micawber and Mad Max
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Chapter 2 - Political Economy and Evolution
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Chapter 3 - The Four Ages of Capitalism
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Chapter 4 - Annus Mirabilis
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Chapter 5 - The Four Megatrends
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Chapter 6 - The Great Moderation
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Chapter 7 - The Financial Revolution
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Chapter 8 - The Ring of Finance
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Chapter 9 - Boom and Bust Forever
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Chapter 10 - The Economic Consequences of Mr. Paulson
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Chapter 11 - There Is No Can Opener
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Chapter 12 - Toward a New Economics
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Chapter 13 -The Adaptive Mixed Economy
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Chapter 14 - Irresistible Force Meets Immovable Object
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Chapter 15 - What -- Me Worry?
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Chapter 16 - Economic Policy in Capitalism 4.0
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Chapter 17 - Politics in Capitalism 4.0
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Chapter 18 - Finance and Banking in Capitalism 4.0
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Chapter 19 - The World of Capitalism 4.0
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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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