I don't know if you've noticed, but capitalism in a crashing market is not as much fun as capitalism on the way up. It can be hard on manners, mood and general decorum as you watch those Pina Colada's melt away with each new bar graph. ...
Do-good Capitalism: Fad or Fixture?we'd better hope not...I propose framing the discussion along the lines of this: "The economics of Sustainable Capitalism will become increasingly apparent as the global economy, along with the global ecology, undergo a radical and exciting shift because of the 'Do-bad Capitalism' of the past two...
The blog Curious Cat posted Do corporations exist solely to maximize their bottom lines? We don't think so, a post that drew from a Forbes article looking at the history of efforts to create socially conscious companies. In fact, most companies follow a shifting strategy towards profits -- many...
Muhammand Yunus: Capitalism is Half-BakedI bought 1000 copies of YunusFar from being a dangerous read, I believe Yunus is the best chance humanity has of being sustaible. 24 years ago http://www.normanmacrae.com/netfuture.html my father and my future history on the globalisation generation forecast how we'd exponentially destory sustainability unless a Nobel...
Now Bill Gates is running off to Switzerland and giving speeches about how we need a more "creative capitalism" that better addresses the needs of the poor. A softer, gentler form of capitalism, is what he suggested to assembled world leaders at the Davos gabfest. But doesn't...
In "Creating a World Without Poverty," Muhammad Yunus has written a dangerous book. Not so much for his goal – that's merely outlandish, since most people expect the poor will always be. Besides, Yunus knows how to make audacious ideas real – he created Grameen Bank to bring financial...
In early December, I posted on Tony Judt's stinging essay on the future of capitalism in the New York Review of Books, which used Robert Reich's Supercapitalism as a jumping-off point (see Tony Judt: Innovation Ain't Always Progress). Reich has responded in the latest issue of NYRB. He calls for...
Capitalism is often defined as an economic system where private actors are allowed to own and control the use of property in accord with their own interests, and where the invisible hand of the pricing mechanism coordinates supply and demand in markets in a way that is automatically in the...
The author begins with a general question, 'What kind of knowledge based economic system is modern capitalism?' In giving an answer he will focus on the claim that capitalism's principal organisational forms, firms and markets, provide jointly a unique instituted connection between the growth of knowledge and the transformation of...
This article has attempted to show that political influence has stilted adequate financial regulation and that the financial regulatory structure, which does exist, has been unjustifiably skewed towards serving the short term needs of special interests. Additionally, this paper has shown that government spending too has been powerfully skewed towards...
Sometime before the end of the year, a milestone in American capitalism will pass. Wal-Mart Stores' annual sales are on track to exceed those of General Motors, the largest American company for much of the last half-century.
This paper considers social status, the spirit of capitalism, fiscal policies, and asset pricing in a stochastic model of growth. With specific assumptions on the production technology, preferences, and stochastic shocks, the paper derives the explicit solutions to the growth rates of consumption and savings and equilibrium returns on all...
Human capital or human capitalism has become the explanation of the labor market and earnings inequality put forth by economists. While not a theory of racial and gender inequality in the labor market, this line of reasoning has major implications for minority and gender disadvantage in the labor market. According...
The business of America may be business, but America's most prestigious book reviews don't pay much attention to it. So it's worth noting Riches to Rags, the New York Times Book Review's look at "Bad Money: Reckless Finance, Failed Politics and the Global Crisis of American Capitalism," by Kevin Phillips....
(12min 11) Is capitalism holding us back? Speculative investment is great for helping to kick off high risk ventures but, at some point, we need to look at the good of society. Can unfeterred capitalism be trusted to assist in the development of longer term investment projects, or is it...
UK economic growth is at a standstill and the latest OECD forecasts do nothing to dispel fears of recession. Some people are claiming it's the death of capitalism as we know it. The last time I heard this was from Fidel Castro, commenting on the failed launch of new Coke....
Bill Gates says many of the world's biggest problems -- energy, poverty, disease -- are too big to be fixed by philanthropy and government aid alone. The solution he offered to an World Economic Forum audience at Davos this year was "creative capitalism." "Such a system,"...
Finally, proof that Karma exists. Wall Street's investment banks have had a sweet deal, a free ride, for decades. Now they're finally getting what's coming to them. In every major corporate fraud story --- Enron, WorldCom, Refco, you name it --- at least one investment bank was complicit. Ten...
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