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Capitalism, Alone

Capitalism, Alone: The Future of the System That Rules the World
First edition
AuthorBranko Milanovic
LanguageEnglish
GenreNon-fiction
PublisherBelknap Press
Publication date
May 24, 2019
ISBN9780674987593
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

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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

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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

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  1. ^ Milanovic, Branko (2016). Global inequality: A New Approach for the Age of Globalization. Cambridge, MA: Harvard University Press.
  2. ^ a b "Free exchange - A scholar of inequality ponders the future of capitalism". The Economist. Finance and economics. Retrieved 2 May 2020.
  3. ^ Milanovic, Branko (24 May 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. Retrieved 2 May 2020.
  5. ^ "Book Review: Capitalism, Alone: The Future of the System That Rules the World by Branko Milanovic". LSE Review of Books. 11 November 2019. Retrieved 2 May 2020.
  6. ^ Sternberg, Joseph C. (20 January 2020). "'Capitalism, Alone' Review: Inclined Toward Inequality". The Wall Street Journal (WSJ). Retrieved 1 May 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). Retrieved 2 May 2020.