The future of U.S. capitalism /
Future of US capitalism
Frederic L. Pryor.
- Cambridge, UK ; New York, NY : Cambridge University Press, 2002.
- xiii, 447 pages : illustrations ; 24 cm.
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.
0521813581 9780521813587
Capitalism--United States. Capitalismo --Estados Unidos.
United States--Economic conditions--1981-2001 United States--Economic conditions--2001-2009. Estados Unidos--Condiciones económicas--1981-2001 Estados Unidos--Condiciones económicas--2001-2009.