In the wake of the Great Recession and America's listless recovery from it, economists, policymakers, and media pundits have argued at length about what has gone wrong with the American capitalist system. Even so, few constructive remedies have emerged. This welcome book cuts through the chatter and offers a detailed, nonideological, and practical blueprint to restore the vigor of the American economy.
Better Capitalism extends and significantly expands on the insights of the authors' widely praised previous book, Good Capitalism, Bad Capitalism, co-written with William Baumol. In Better Capitalism, Robert E. Litan and Carl J. Schramm focus on the huge—but often unrecognized—importance of entrepreneurship to overall economic growth. They explain how changes in seemingly unrelated policy arenas—immigration, education, finance, and federal support of university research—can accelerate America's recovery from recession and spur the nation's rate of growth in output while raising living standards. The authors also outline an innovative energy strategy and discuss the potential benefits of government belt-tightening steps. Sounding an optimistic note when gloomy predictions are the norm, Litan and Schramm show that, with wise and informed policymaking, the American entrepreneurial engine can rally and the true potential of the U.S. economy can be unlocked.
About Prof. Robert E. LitanSee more books from this Author
Litan and Schramm (Good Capitalism, Bad Capitalism, 2007, etc.) take on the question of how to increase the long-term rate of potential economic growth to get back in line with the roughly 3 percent that prevailed during the “ ‘golden’ post–World War II quarter-century spanning 1948 to 1973.” T...Jul 07 2012 | Read Full Review of Better Capitalism: Renewing t...
Just in time for President Obama's second term, economists Robert Litan and Carl Schramm have given policymakers a recipe for spurring economic growth through entrepreneurship. It should be required reading for Washington's movers and shakers, both in the administration and in Congress.Nov 08 2012 | Read Full Review of Better Capitalism: Renewing t...
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