This is what makes the book unique. Gary E. Hoover, the man with 57,000 Books, Reviewed in the United States on November 16, 2018. I guess these republicans just need to further their economic agendas and they do it by revisionist history and/or by minimizing the Great Depression era as an epoch of time-consuming waste that saddled future Americans with basement-living, 400-pound types. This one is a bit hard to review. I listened to the audiobook and found it very interesting. Welfare capitalism is capitalism that includes social welfare policies. In Capitalism in America, Alan Greenspan, legendary Chair of the Federal Reserve, distils a lifetime of grappling with these questions into a profound assessment of the decisive drivers of the US economy over the course of its history. Lost manufacturing jobs in the Rust Belt is a good example. Please try your request again later. Definitely recommend it if this is a topic you’re interested in. To an immigrant like me, Capitalism in America: A History largely narrates a success story. A well described overview of the historical basis for our economic system in America. Very interesting history of Capitalism and the scientific, legal and economic developments which made America great. Readers will emerge from this heady blend of economic, business, and political history with a sense of exhilaration that so much of the American experience could be described so vividly and insightfully.” —. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. .orange-text-color {font-weight:bold; color: #FE971E;}Enjoy features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more. ― Alan Greenspan, Capitalism in America: A History. So it would be great if someone could push back on current trends. Greenspan focuses on three organizing themes: productivity, creative destruction and politics. To an immigrant like me, Capitalism in America: A History largely narrates a success story. While capitalism has a global history, the United States plays a special role in that story. There's a problem loading this menu right now. For the most part, the economic concepts described in the book are presented such that an average reader can understand what is being discussed. While Marx identified free labor with capitalism, in the U.S. free, semi-free, and unfree labor was important; capitalism in The authors recognize that capitalism and free enterprise are becoming increasingly unpopular in the US--these days, neither major political party embraces the merits of economic dynamism and limited, smart government, and there is no major voice arguing against central planning. American capitalism is very different in practice than in theory. Basic book. This is a very good overview of the economic history of America, and it includes Greenspan’s thoughts on the current and future state of the American economy. To be honest, when I picked it up from the library, I wasn’t sure that I was in the mood for a challenging read about the history of capitalism in America, especially right around the Christmas holidays. These changes overall feed capitalism in America, giving power to political leaders and groups, and how different classes in society interact. It’s a parallel version of a praise of the Soviet Union written by a staunch communist party member but this time the subject is America and one author a famous American. The authors recognize that capitalism and free enterprise are becoming increasingly unpopular in the US--these days, neither major political party embraces the merits of economic dynamism and limited, smart government, and there is no major voice arguing against central planning. About Capitalism in America. Excellent book about the history of Capitalism in America. We work hard to protect your security and privacy. Thank God I stole this book by accident. It is basically a history of our country from the American Revolution to present day America, told from the perspective of capitalism. It essentially is a paean to unfettered capitalism and almost entirely ignores its fundamental and often devastating flaws. The last sections on modern times seem less nuanced, especially given who the author is & their role and influence over the subject at hand. There was a problem loading your book clubs. Reviewed in the United States on October 20, 2018. And yes the scope of the book is indeed magnificent. Reviewed in the United Kingdom on March 30, 2019. Greenspan also discusses the political fallout of these changes in society. Give me a break!! The book covers various financial trends in the US since her independence to the early years of Donald Trump’s presidency. Great history of creative destruction and the examples of titans in industry both successful and those failures. Reviewed in the United Kingdom on November 4, 2018. Please try again. It is about how the USA was formed and shaped economically, right from the earliest passengers on the Mayflower to the current workforce, still reeling under the policies of Donald Trump. To get the free app, enter your mobile phone number. Top subscription boxes – right to your door, © 1996-2021, Amazon.com, Inc. or its affiliates. It is well written and draws on the best of current historical scholarship. The book also has a clear perspective, which is a mixed blessing. Throughout our history, productivity (society’s ability to get more output from a given input) has continually increased. However, I was pleasantly surprised once I began to read it. Author Casey McQuiston took the romance world by storm with her 2019 debut, Red, White & Royal Blue. Reads similarly to a textbook, even dropping titles of books into paragraphs as useful starting points for further research. I applaud the sentiment behind this book. Innovation, spread to the masses, is indeed the engine of capitalist economies. ‘Capitalism in America’ Review: The Commercial Republic ... Their work is an accessible overview of American business history, but also presents a case for capitalism. Zack Sheldon should read this book. Just a moment while we sign you in to your Goodreads account. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. I guess these republicans just need to further their economic agendas and they do it by revisionist history and/or by minimizing the Great Depression era as an epoch of time-consuming waste that saddled future Americans with basement-living, 400-pound types. A well described overview of the historical basis for our economic system in America. And yes the scope of the book is indeed magnificent. However, it does trace the American economy from the revolution through the First-World-War with accuracy and spontaneity. Alan Greenspan and his co-author Adrian Wooldrige have given a comprehensive overview of the economic history of America.
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