The Future of Capitalism
Some weekend reading:
Amartya Sen, that other voice of sanity among recent Nobel laureates in economics, draws lines between the current economic crisis and the history of economic thought (with an emphasis on Smith, Keynes and Pigou), and what that all means for a “new capitalism”.
Then, over at the Financial Times, a whole series looks at the future of capitalism. It is not exactly calling for revolution, but fascinating that this conversation is taking place at all. This article follows on the theme of what the dominant thinkers in economics would say, with a look back at Smith, Marx, Keynes and Schumpeter.