Saving Capitalism From The Capitalists : How Open Financial Markets Challenge the Establishment and Spread Prosperity to Rich and Poor Alike
Rajan and Zingales demonstrate that free and open financial markets inspire human ingenuity, make nations competitive, and spread prosperity. In the wake of recent business scandals, financial markets are often thought of as parasitic institutions that feed off the blood, sweat, and tears of human endeavour. Saving Capitalism from the Capitalists shows that such markets in fact supply the fuel of a vital economy. And they are the only effective antidote to counteract the manipulations of elite groups that keep a tight grip on capital and restrict the economic development of nations and the entrepreneurial success of individuals. "Saving Capitalism from the Capitalists will dismay both titans of industry and their foes across the barricades, the anti-globalisation left that sees little in capitalism worth saving. It's written for the rest of us - all those who simply want a fair chance to prosper." (Business Week). "Saving Capitalism from the Capitalists is a highly original study of the ways in which vested interests have sought throughout history to protect their wealth and power by rigging the market structure, even subverting free markets entirely when it suits them".
- Paperback | 384 pages
- 1 x 1 x 1mm | 508g
- 01 Apr 2004
- London, United Kingdom
- New ed
"...a useful and well written resource"
"...a useful and well written resource" The Business Economist
About Luigi Zingales
Raghuram Rajan received his Ph. D. from MIT and has taught at Northwestern University's Kellogg School of Management and MIT in addition to the University of Chicago. He has published in numerous industry publications, as well as the Financial Times. Luigi Zingales also earned his Ph. D. at MIT. In 2000 he won the Journal of Finance's Distinguished Paper Award for his outstanding papers in corporate finance. He is a research associate at the National Bureau of Economic Research.