Finance:Capitalism, Alone

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Short description
2019 nonfiction book by Branko Milanovic
Capitalism, Alone: The Future of the System That Rules the World
Capitalism, Alone.jpg
First edition
AuthorBranko Milanovic
LanguageEnglish
GenreNon-fiction
PublisherBelknap Press
Publication date
May 24, 2019
ISBNISBN:9780674987593
Preceded byGlobal inequality: A New Approach for the Age of Globalization (2016)[1] 

Capitalism, Alone: The Future of the System That Rules the World is a 2019 nonfiction book published by Harvard University Press by Branko Milanovic, an economist at the Stone Centre on Socioeconomic Inequality at the City University of New York.[2][3]

Themes

According to The Economist , in Capitalism, Alone Milanovic "argues that this unification of humankind under a single social system lends support to the view of history as a march towards progress."[2]

Reviews

The review in The New Yorker said that Milanovic is a "whiz at number crunching" and "has a whimsical, wide-ranging appreciation for history and culture." Milanovic had "demonstrated how the benefits of globalization had been distributed among different classes across various groups of countries" by "using a giant World Bank database of household incomes in the 1990s. In Capitalism, Alone, he has "richly detailed" the consequences of inequality.[4]

Roberto Iacono said the book was "remarkable" and "possibly the author's most comprehensive opus so far."[5]

The Wall Street Journal said that the book was a "stunted recitation of the political and economic crises afflicting Western capitalism, an unpersuasive account of China's economic model as a potential alternative and an implausibly dystopian vision of global capitalism’s future."[6]

An article published as an International Monetary Fund (IMF) book reviews, said that the "valuable, data-rich, and thoughtful" book was an "ambitious and provocative examination of the present and the future of capitalism."[7]

References

  1. Milanovic, Branko (2016). Global inequality: A New Approach for the Age of Globalization. Cambridge, MA: Harvard University Press. 
  2. 2.0 2.1 "Free exchange - A scholar of inequality ponders the future of capitalism". The Economist. Finance and economics. https://www.economist.com/finance-and-economics/2019/11/02/a-scholar-of-inequality-ponders-the-future-of-capitalism. Retrieved 2020-05-02. 
  3. Milanovic, Branko (May 24, 2019). Capitalism, Alone: The Future of the System That Rules the World. Cambridge, MA: Harvard University Press/Belknap Press. ISBN 9780674987593. 
  4. "The Rich Can't Get Richer Forever, Can They?". The New Yorker. https://www.newyorker.com/magazine/2019/09/02/the-rich-cant-get-richer-forever-can-they. Retrieved 2020-05-02. 
  5. "Book Review: Capitalism, Alone: The Future of the System That Rules the World by Branko Milanovic". LSE Review of Books. 2019-11-11. https://blogs.lse.ac.uk/lsereviewofbooks/2019/11/11/book-review-capitalism-alone-by-branko-milanovic/. Retrieved 2020-05-02. 
  6. Sternberg, Joseph C. (January 20, 2020). "‘Capitalism, Alone’ Review: Inclined Toward Inequality". The Wall Street Journal (WSJ). https://www.wsj.com/articles/capitalism-alone-review-inclined-toward-inequality-11579554211. Retrieved May 1, 2020. ""It’s not enough to presume that capitalism inherently favors the rich. The possibility that policy is to blame deserves a deeper look."" 
  7. Qureshi, Zia (March 2020). "Book Review: Capitalism, Alone by Branko Milanovic". Finance & Development 57 (1). https://www.imf.org/external/pubs/ft/fandd/2020/03/book-review-of-capitalism-alone-qureshi.htm. Retrieved 2020-05-02.