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Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity
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Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

3.48  ·  Rating Details  ·  90 Ratings  ·  11 Reviews
In this important book, three prominent economists propose that there are different varieties of capitalism in the world today--some good for economic growth, others decidedly bad. Writing in an accessible style, William J. Baumol, Robert E. Litan, and Carl J. Schramm documentfour different varieties of capitalism andidentify the conditions that characterize Good Capitalis ...more
Hardcover, 336 pages
Published May 22nd 2007 by Yale University Press (first published January 1st 2007)
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Thomas Hettich
Aug 09, 2011 Thomas Hettich rated it it was ok
I was intrigued by the review in the Economist and was excited with the first 100 or so pages. I have now arrived at page 137 and am seriously considering putting the book away. Not because of the ideas, the authors bring forward, but the way it's being done. Every few pages, words are missing in the sentence (take out 'in' and you know what I mean) or words are used incorrectly. Then there are the references. Referencing other authors, books, maybe even parts of the text that are still to come, ...more
Jan 01, 2012 Jamie rated it really liked it
Centering on the idea that entrepreneurship is a key determinant of sustained economic growth, this book prescribes four national level measures: 1) Make it easy for entrepreneurs to start businesses (ie. bankruptcy protection and access to finance); 2) Ensure successful entrepreneurs are rewarded (ie. contract and property rights, taxation, and regulations); 3) Discourage unproductive entrepreneurship (ie. unlawful or non-value adding); and 4) Incentivize continual innovation and commercializat ...more
Jan 29, 2008 Ryan rated it it was ok
Recommended to Ryan by: NPR
Great book for economics majors and people who are really into international fiscal policy. Argues that the best recipe for increasing the productivity level of any economy is a mix between big-firm and entrepreneurial capitalism (which is one of 4 types of capitalism). Very informative overall, and helps explain the continued economic dominance of the U.S. over able competitors like the EU and Japan. But the big caveat with this book is the readability. Not a quick and easy read and heavy on th ...more
Mar 23, 2016 Hubert rated it it was amazing
Why Entrepreneurship is essential to our future. Take a step back and consider the alternatives to entrepreneurial capitalism.
مصطفى سلامه
Although I was bored after the first 200 pages and felt that there won't be add value any more (The tone of the book was very descending), But It's a very important book whether to those who are interfered with Economics or those who aren't.

I didn't feel that the presentation of the ideas was neutral; as It was from the United states angle or vision to the other Economies..

Anyhow the book gives us a very good classifying about capitalism also the rule and importance of the entrepreneurship..
Eric Pramono
Feb 13, 2011 Eric Pramono rated it liked it
1. Replicative entrepreneurship is important in most economies because it represents a route out of poverty, a means by which people with little capital, education, or experience can earn a living.
2. But if economic growth is the object of interest, then it is the innovative entrepreneur who matters.
Brian Mccarthy
Finally read this through. Not having an economic background this book was easily accessible and I think its hypothesis has plenty of merit.
Otis Chandler
Jun 05, 2009 Otis Chandler marked it as to-read
I just had the pleasure of meeting Carl Schramm, and am looking forward to reading this book!
Sep 22, 2011 Angie added it
Complimentary book from the Kauffman Foundation is surprisingly good!
Adinto Fajar
Jan 06, 2011 Adinto Fajar rated it really liked it
very very good book about capitalism that covers both sides..
Aug 01, 2007 Patrick is currently reading it
Recommends it for: economists
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