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Overview"The financial crisis that began in 2008 and its lingering aftermath have caused many intellectuals and politicians to question the virtues of capitalist systems. The 19 original essays in this Handbook, written by leading scholars from Asia, North America, and Europe, analyze both the strengths and weaknesses of capitalist systems. The volume opens with essays on the historical and legal origins of capitalism. These are followed by chapters describing the nature, institutions, and advantages of capitalism: entrepreneurship, innovation, property rights, contracts, capital markets, and the modern corporation. The next set of chapters discusses the problems that can arise in capitalist systems including monopoly, principal agent problems, financial bubbles, excessive managerial compensation, and empire building through wealth-destroying mergers. Two subsequent essays examine in detail the properties of the ""Asian model"" of capitalism as exemplified by Japan and South Korea, and capitalist systems where ownership and control are largely separated as in the United States and United Kingdom. The handbook concludes with an essay on capitalism in the 21st century by Nobel Prize winner Edmund Phelps." Full Product DetailsAuthor: Dennis C. Mueller (Professor Emeritus, Professor Emeritus, Department of Economics, University of Vienna)Publisher: Oxford University Press Inc Imprint: Oxford University Press Inc Dimensions: Width: 24.90cm , Height: 3.80cm , Length: 18.00cm Weight: 1.213kg ISBN: 9780195391176ISBN 10: 0195391179 Pages: 576 Publication Date: 24 May 2012 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsIt addresses what is right and wrong about modern capitalism from a variety of perspectives, which in the aggregate provide a balanced view of its strengths and weaknesses. E.L. Whalen, CHOICE It addresses what is right and wrong about modern capitalism from a variety of perspectives, which in the aggregate provide a balanced view of its strengths and weaknesses. * E.L. Whalen, CHOICE * Author InformationDennis C. Mueller is Professor of Economics, Emeritus at University of Vienna. Before coming to Vienna, he taught at the University of Maryland, College Park. His research interests include industrial economics, public choice, and constitutional political economy. Tab Content 6Author Website:Countries AvailableAll regions |
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