Capitalism for the People: Recapturing the Lost Genius of American Prosperity

    By Luigi Zingales
Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment--paired with rampant nepotism and cronyism--on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better.
In "A Capitalism for the People," Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class.

Because of this trend, much of the country is questioning--often with great anger--whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls "the lighthouse" of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people--not for the good of big business.

Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.


NEWS: The Best Books of 2012, strategy + business Edition

Posted November 27, 2012, 7:44 PM with category of General Business
The strategy + business best of business books list is always one of our favorites of the year—one we always look forward to—and this year's does not disappoint. The strength of the list is in it's breadth and flexibility. The categories always change slightly to reflect the important topics of the year, and they choose experts on those topics to pick the best books published in those categories. Read more

NEWS: The Longlist for the 2012 FT/Goldman Sachs Business Book Award

Posted August 10, 2012, 6:20 PM with category of Publishing Industry
Andrew Hill's article yesterday in The Financial Times announcing the longlist for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award was entitled A reading list to reflect loss of faith in capitalism. That headline is more than a little hyperbolic. The statement in the article itself that the list "includes an array of titles charting the strengths and weaknesses of the American corporate, economic and financial system" is a bit more accurate, especially if you replace the word "American" with "global. Read more


  Choose a format
  •   For use in United States   United-states-16

Your price: $14.39/ea
LIST PRICE: $17.99

Paperback Non-returnable Discounts
Quantity Price Discount
1 - 24 $14.39 20%
25 - 99 $12.59 30%
100 - 499 $11.69 35%
500 - 999 $11.33 37%
ISBN: 9780465085958

Need 1000 or more?

Additional discounts may be available. Please call 1-800-236-7323 for more information.

You may also place an order online at the highlighted discount for any quantity over 500.
Language English
Pages 336
Published 02/2014
Publisher Basic Books (AZ)

Interested in eBooks?Please read our brief introduction before purchasing.