The future of U.S. capitalism / Frederic L. Pryor.

Includes bibliographical references (p. 401-430) and indexes.

List of Tables in Text
viii
List of Charts in Text
ix
List of Appendices and Accompanying Tables and Charts
ix
List of External Appendices and Accompanying Tables and Charts
xi
Acknowledgments xiii
Introduction
Setting the Stage
1 (25)
Internal Influences on the Economic System
Saving and Economic Growth
26 (28)
Economic Fluctuations and Financial Crises
54 (28)
Economic Inequality
82 (30)
Globalization
112 (34)
External Influences on the Economic System
Natural Resources and the Environment
146 (29)
Social Factors
175 (32)
Political Factors
207 (31)
Changes in Crucial Economic Institutions and Organizations
Evolution of Business Enterprises
238 (23)
Evolution of Market Competition
261 (31)
Evolution of Government Regulation and Ownership
292 (30)
Evolution of Government Spending
322 (30)
Summary
Whither U.S. Capitalism?
352 (16)
Appendices 368 (33)
Bibliography 401 (30)
Name Index 431 (10)
Subject Index 441

This multidisciplinary book looks at the long-term forces that are shaping the most important economic institutions in the US in the coming decades. The style is lively and clear, with a series of appendices focusing on technical issues of interest to specialists. The author foresees a declining rate of growth, a widening of the inequalities of income, and an increasing share of individual markets taken by a small number of large corporations. Combined with declining social solidarity and trust in government, he foresees an ever harder edge to the way in which capitalism will function in the future. The economic role of government will decline in the fields of stabilization and regulation, but government expenditures will become higher due to the aging of the population. This provocative book looks at the US from a novel viewpoint and shows how many commonly accepted views of the US economy need to be revised.