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Capitalism's Toxic Assumptions: Redefining Next Generation Economics
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Capitalism's Toxic Assumptions: Redefining Next Generation Economics

3.34  ·  Rating details ·  29 ratings  ·  7 reviews
In Science, no-one believes the earth is flat any more. Economists, on the other hand, haven't budged from their original worldview. Market Capitalism depends on seven big ideas: competition, the 'invisible hand', utility, agency theory, pricing, shareholder value, and limited liability. These served the world well in the past, but over the years they have become cancerous ...more
Hardcover, 208 pages
Published May 7th 2015 by Bloomsbury Information Ltd (first published March 12th 2015)
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3.34  · 
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 ·  29 ratings  ·  7 reviews


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Titus Hjelm
Mar 27, 2016 rated it it was ok
It seems that critiques of neoliberalism (and anti-capitalist ciritiques, which this is not) fall into two categories: those who look at the premises of a functioning economy, and those who look at the consequences of economic systems. The former tend to use science (evolutionary psychology especially), the latter social science (economics, sociology) to support their arguments. Poole's book is clearly in the former camp. It is indeed a bit confusing what the purpose of the book is. It is clearl ...more
James Uscroft
Mar 22, 2018 rated it really liked it
While I originally shared the same opinion of others who've described this book as 'Missing Something' and was planning to describe it myself as a 'Criticism Without A Cause,' that all changed during the conclusion when Ms. Poole laid out what Employee Owned Companies can, and in some cases, may already look like, and called upon us to look at our own actions and ask ourselves what we are doing to change the current 'Profit At Any Cost' paradigm. Because indeed, as she points out at the very end ...more
Aarif  Billah
Jan 21, 2019 rated it it was amazing
My book review on Eve Poole’s Capitalism’s Toxic Assumption, redefining next generation economics.

Classical assumptions on competition, pricing mechanism, and other elements of capitalism find little support among modern theories of market economics. For example, game theory emphasized the importance of cooperation and undermines the old theory that competition is always the best business strategy.
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take a look at my reading note here (https://aarifbillah.com/2018/12/21/ca...)

Best regards,
https:/
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Ailith Twinning
Aug 23, 2017 rated it liked it
Shelves: 2017, 2018
It's kinda worth reading? I don't regret it, I didn't put it down, and it isn't just generally bad in any specific way. It's just missing something. . .it's quite broad, it makes a few fiat assumptions, and just generally while I can agree with the basis of the problems, I'm ambivalent about the. . .oh just read it for yourself man, I'm ambivalent.

EDIT: Still ambivalent. There's the typical myopia, ignoring modern imperialism, but I think the broadest problem is that the discussion isn't about a
...more
Melinda
Jul 15, 2016 rated it really liked it
Very interesting. Fascinating take on how economics has changed/not changed. What we should do about that. Lots of good ideas...perhaps slightly utopian but well thought out.
Anthony Faber
Jun 21, 2015 rated it really liked it
A good critique of how economists' assumptions don't seem to be correct and how that is messing the world up.
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Tai Tai
Sep 17, 2015 rated it it was amazing
actually a great book for business, behavioral economics, and social science
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