Description
Book SynopsisA book that radically changes our understanding of the capitalist system, particularly the role of financial markets. It breaks free of traditional ideological arguments of the Right and Left and points to a new way of understanding and spreading the wealth-generating capabilities of capitalism.
Trade ReviewRaghuram Rajan, Winner of the Deutsche Bank Prize in Financial Economics 2013, The Center for Financial Studies "Raghuram G. Rajan and Luigi Zingales ... argue persuasively that free markets 'cannot flourish without the very visible hand of government.'"--Alan Murray, Wall Street Journal "Saving Capitalism from the Capitalists will dismay both titans of industry and their foes across the barricades... It's written for the rest of us."--Peter Coy, Business Week "[O]ne of the most powerful defenses of the free market ever written."--Bruce Bartlett, National Review Online
Table of ContentsPreface ix Introduction 1 PART I:THE BENEFITS OF FREE FINANCIAL MARKETS CHAPTER 1: Does Finance Benefit Only the Rich? 25 CHAPTER 2: Shylock Transformed 44 CHAPTER 3: The Financial Revolution and Individual Economic Freedom 68 CHAPTER 4: The Dark Side of Finance 93 CHAPTER 5: The Bottom Line on Financial Development 108 PART II: WHEN DO FINANCIAL MARKETS EMERGE? CHAPTER 6: The Taming of the Government 129 CHAPTER 7: The Impediments to Financial Development 157 CHAPTER 8: When Does Finance Develop? 172 PART III: THE GREAT REVERSAL CHAPTER 9: The Great Reversal between Wars 201 CHAPTER 10: Why Was the Market Suppressed? 226 CHAPTER 11: The Decline and Fall of Relationship Capitalism 247 PART IV: HOW CAN MARKETS BE MADE MORE VIABLE POLITICALLY? CHAPTER 12: The Challenges Ahead 275 CHAPTER 13: Saving Capitalism from the Capitalists 293 Conclusion 311 Notes 315 Bibliography 342 Index 359
