A Capitalism for the People: Recapturing the Lost Genius of American Prosperity

Luigi Zingales. Basic, $27.99 (336p) ISBN 978-0-465-02947-1
Zingales, a finance professor at the University of Chicago’s Booth School of Business and coauthor of Saving Capitalism from the Capitalists, presents a striking dichotomy: most Americans endorse the free market system, but fear the power of big business. In an engaging if imprecise argument, he suggests that channeling “populist anger” can reinvigorate the “power of competition” and reverse the movement toward a “crony system.” Pro–free market beliefs are reflected in U.S. history, Zingales shows: contrary to world norms, here democracy preceded industrialization, and the mobility of the frontier encouraged personal initiative. As the government’s role in the economy has exploded, however—between 1900 and 2005 the fraction of GDP controlled by government rose eightfold—big business has turned this to its benefit. Zingales maintains that disenchantment with the bank bailouts of both the Bush and Obama administrations makes today a potent moment for the public to demand systemic reform, and persuasively demonstrates the urgent need for action. However, the specifics of his proposed remedies—including “equality of opportunity,” enhanced competition, market-based ethics, lobbying restraints, and public access to economic data—are vague rather than a clarion call. Of more value is his insight that intellectual and economic freedom are intertwined, and that business schools and academics can promote the common good by encouraging true competition and truly free markets. Agent: Eric Lupfer, WME. (June)
Reviewed on: 04/23/2012
Release date: 06/01/2012
Show other formats
Paperback - 304 pages - 978-0-465-08595-8
Open Ebook - 338 pages - 978-0-465-02952-5
Stay ahead with
Tip Sheet!
Free newsletter: the hottest new books, features and more
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
Email Address


Log In Lost Password

PW has integrated its print and digital subscriptions, offering exciting new benefits to subscribers, who are now entitled to both the print edition and the digital editions of PW (online or via our app). For instructions on how to set up your accout for digital access, click here. For more information, click here.

The part of the site you are trying to access is now available to subscribers only. Subscribers: to set up your digital subscription with the new system (if you have not done so already), click here. To subscribe, click here.

Email pw@pubservice.com with questions.

Not Registered? Click here.