Publisher: John Wiley & Sons Inc
Number of pages: 224
Weight: 430 g
Dimensions: 243 x 171 x 10 mm
"A fine collection of chapters by leading progressives on what went wrong -- low growth, flagging investment and innovation, too few jobs and too much carbon -- and what might be done. May it close the door on the failed "mainstream" and open another, toward a fully-integrated, uncompromising, radical view of economics and economic policy."
James K. Galbraith, Lloyd M. Bentsen, Jr. Professor in Government and Business Relations, University of Texas at Austin, author of Future of Growth and Inequality: What Everyone Needs to Know
"The economies of developed countries face profound problems, including congested and polluted cities, deep inequalities, marginalisation of large segments of the population and sluggish growth. And the next twenty years will have to see severe cuts in greenhouse gas emissions if we are to have any serious chance of avoiding dangerous climate change. Economic policy must change radically and quickly if we are to tackle these deep and inter-related problems. That means, in turn, a deeper understanding of the workings of our capitalist system. This book is a very valuable and thoughtful contribution to these crucial tasks."
Lord Nicholas Stern, IG Patel Professor of Economics and Government at the London School of Economics and author of the Stern Review on the Economics of Climate Change
"This excellent book could not be more timely. With the rise of populist protest movements across the west, the hard realities of stagnating real wages and entrenched inequality, it is plain that modern capitalism is not working. Rethinking economics is invaluable contribution to the challenging tasks ahead."
Will Hutton Principal Hertford College Oxford and author of The State We're In
"We badly need fresh thinking in the world of economic policy making today - and this book offers a plethora of provocative ideas. It tackles numerous sacred cows in a lively and provocative manner and challenges our assumptions. It is thus a very valuable and welcome contribution to the current debate about why so many western economies have performed poorly since the great crisis."
Gillian Tett, Financial Times
The capitalism of the western world is in crisis. But there are ways to make it more innovative,
inclusive and sustainable. It considers the authors of Rethinking Capitalism. Economics and Policy
for Sustainable and Inclusive Growth. In the chapter of the book they discuss the problems of modern mainstream theories. They propose a series of solutions to today's economic problems, and argue that it requires innovative thinking, both in the national economy and in the policy area. In order to understand innovation, one needs to study real examples. It is not good to rely on abstract theories about companies like profit optimizing machines. Editors are Michael Jacobs and Mariana Mazzucato.