Better Capitalism: Renewing the Entrepreneurial Strength of the American Economy (Hardcover) (ISBN-13: 9780300146783)

From two of the nation's leading economic thinkers, a concrete action plan to reignite the power of the U.S. economic system

In the wake of the Great Recession and America's listless recovery from it, economists, policymakers, and media pundits have argued at length about what has gone wrong with the American capitalist system. Even so, few constructive remedies have emerged. This welcome book cuts through the chatter and offers a detailed, nonideological, and practical blueprint to restore the vigor of the American economy.

Better Capitalism extends and significantly expands on the insights of the authors' widely praised previous book, Good Capitalism, Bad Capitalism, co-written with William Baumol. In Better Capitalism, Robert E. Litan and Carl J. Schramm focus on the huge--but often unrecognized--importance of entrepreneurship to overall economic growth. They explain how changes in seemingly unrelated policy arenas--immigration, education, finance, and federal support of university research--can accelerate America's recovery from recession and spur the nation's rate of growth in output while raising living standards. The authors also outline an innovative energy strategy and discuss the potential benefits of government belt-tightening steps. Sounding an optimistic note when gloomy predictions are the norm, Litan and Schramm show that, with wise and informed policymaking, the American entrepreneurial engine can rally and the true potential of the U.S. economy can be unlocked.

Author: Robert E. Litan
ISBN-10: 0300146787
ISBN-13: 9780300146783
Publisher: Yale University Press
Language: English
Published: 09/25/2012
Pages: 280
Format: Hardcover
Weight: 1.23lbs
Size: 9.43h x 6.41w x 0.92d

Review Citation(s):
Kirkus Reviews 08/01/2012
Choice 06/01/2013