How Capitalism Destroyed Itself: Technology Displaced by Financial Innovation

Author:   William Kingston
Publisher:   Peter Lang International Academic Publishers
Edition:   New edition
ISBN:  

9781789978087


Pages:   192
Publication Date:   04 September 2020
Format:   Paperback
Availability:   In Print   Availability explained
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How Capitalism  Destroyed Itself: Technology Displaced by Financial Innovation


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Overview

‹Kingston’s history of the evolution of property rights, and on how property rights regimes influence and reflect the kind of economic activity people engage in, and how they regard economic activity, is interesting and provocative in its own right. Others have argued that capitalism seems to have lost much of the power to increase the productivity of economic activity that it once had, and the workings of modern financial systems are a good part of the problem. But no one else has tied these propositions closely to the evolution of property rights›. – Richard R. Nelson, Columbia University, New York ‹This sweeping account of the rise and projected fall of capitalism is as original as it is gripping. Kingston locates the hinge that moves capitalism as the institutions governing property rights, and argues persuasively that the system is now undermining itself as innovation shifts from the technological to the financial domain.› – John A. Mathews, Macquarie Graduate School of Management, Sydney ‹William Kingston is a prolific and thoughtful economic historian who has relied on such longstanding giants as Marx and Schumpeter, and new ones such as Minsky, to show how financial innovation has replaced technological innovation, and how this process is destroying the economic fabric of society. Kingston’s deep understanding of the ‹free-market economy› makes this book a must-read.› – Jorge Niosi, Université du Québec à Montreal, Canada

Full Product Details

Author:   William Kingston
Publisher:   Peter Lang International Academic Publishers
Imprint:   Peter Lang International Academic Publishers
Edition:   New edition
Weight:   0.335kg
ISBN:  

9781789978087


ISBN 10:   1789978084
Pages:   192
Publication Date:   04 September 2020
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Contents:What capitalism was – Where capitalism came from – The capture of market power – The fatal capture of money – Could anything have saved it? – The centre could not hold – Bibliography – Index.

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Author Information

As Professor of Innovation in Trinity College, Dublin, William Kingston has produced many books and articles from his research for the European Commission, the European Patent Office, and the US National Science Foundation. In this book, he has integrated this work into his parallel studies of economic history.

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