Cover: Is Capitalism Obsolete?: A Journey through Alternative Economic Systems, from Harvard University PressCover: Is Capitalism Obsolete? in HARDCOVER

Is Capitalism Obsolete?

A Journey through Alternative Economic Systems

Product Details

HARDCOVER

Print on Demand

$41.00 • £35.95 • €37.95

ISBN 9780674495289

Publication Date: 10/17/2017

Trade

312 pages

6-1/8 x 9-1/4 inches

World

Add to Cart

Educators: Request an Exam Copy (Learn more)

Media Requests:

Related Subjects

After communism collapsed in the former Soviet Union, capitalism seemed to many observers like the only game in town, and questioning it became taboo for academic economists. But the financial crisis, chronic unemployment, and the inexorable rise of inequality have resurrected the question of whether there is a feasible and desirable alternative to capitalism. Against this backdrop of growing disenchantment, Giacomo Corneo presents a refreshingly antidogmatic review of economic systems, taking as his launching point a fictional argument between a daughter indignant about economic injustice and her father, a professor of economics.

Is Capitalism Obsolete? begins when the daughter’s angry complaints prompt her father to reply that capitalism cannot responsibly be abolished without an alternative in mind. He invites her on a tour of tried and proposed economic systems in which production and consumption obey noncapitalistic rules. These range from Plato’s Republic to diverse modern models, including anarchic communism, central planning, and a stakeholder society. Some of these alternatives have considerable strengths. But daunting problems arise when the basic institutions of capitalism—markets and private property—are suppressed. Ultimately, the father argues, all serious counterproposals to capitalism fail to pass the test of economic feasibility. Then the story takes an unexpected turn. Father and daughter jointly come up with a proposal to gradually transform the current economic system so as to share prosperity and foster democratic participation.

An exceptional combination of creativity and rigor, Is Capitalism Obsolete? is a sorely needed work about one of the core questions of our times.

Recent News

Black lives matter. Black voices matter. A statement from HUP »

From Our Blog

A stack of five bestselling titles from Harvard University Press against a hot pink textured background

Ringing in the New Year with HUP’s 2022 Bestsellers

There is no better way for readers to usher in the new year than by looking back to the books that defined the last. For Harvard University Press, our 2022 bestsellers make up a diverse list of books across time and discipline.