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The Resource How capitalism destroyed itself : technology displaced by financial innovation, William Kingston

How capitalism destroyed itself : technology displaced by financial innovation, William Kingston

Label
How capitalism destroyed itself : technology displaced by financial innovation
Title
How capitalism destroyed itself
Title remainder
technology displaced by financial innovation
Statement of responsibility
William Kingston
Creator
Subject
Language
eng
Summary
Capitalism has been sustained by inherited moral values that are now all but exhausted. A unique combination of a new belief in individualism and a long tradition of property rights had traditionally ensured that self-interested action also produced public benefit. However, these rights, including the laws underwriting economic and financial innovation and parliamentary democracy, were gradually captured and shaped by those who could benefit most from them. This fascinating book shows that the outcome is a reduced ability to generate real wealth combined with exceptional inequality, as well as a worldwide breach of the vital trust between voters and their representatives. Capitalism's injuries are both self-inflicted and fatal. William Kingston uniquely deals with capitalism from a property rights standpoint, providing the first convincing explanation of economic cycles in terms of changes to these rights. The lucid exploration of the historical evolution of property includes a remarkable precursor of modern capitalism in medieval culture and pays particular attention to intellectual property.The book also calls attention to the harm that inaccurate measurement of economic activity can cause, both at the micro-level (auditing of corporations) and macro-level (the Kuznets GDP/GNP system). In conclusion, it argues that the exceptional levels of inequality today have been caused primarily by allowing financiers to escape from the laws that traditionally prevented them from 'generating money from nothing'. Challenging the orthodox thinking, this is an essential book for economists and political scientists in academia, the public sector and industry. It offers an imperative warning that capitalism's next crash is coming sooner rather than later.--
Assigning source
Provided by Publisher
Cataloging source
BTCTA
http://library.link/vocab/creatorName
Kingston, William
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Capitalism
  • Capitalism
  • Right of property
  • Financial institutions
  • Corruption
Label
How capitalism destroyed itself : technology displaced by financial innovation, William Kingston
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 156-167) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
What capitalism was -- Where capitalism came from -- The capture of market power -- The fatal capture of money -- Could anything have saved it? -- Epilogue: the centre could not hold
Control code
ocn967500850
Dimensions
23 cm
Extent
ix, 174 pages
Isbn
9781785367731
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)967500850
Label
How capitalism destroyed itself : technology displaced by financial innovation, William Kingston
Publication
Bibliography note
Includes bibliographical references (pages 156-167) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
What capitalism was -- Where capitalism came from -- The capture of market power -- The fatal capture of money -- Could anything have saved it? -- Epilogue: the centre could not hold
Control code
ocn967500850
Dimensions
23 cm
Extent
ix, 174 pages
Isbn
9781785367731
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)967500850

Library Locations

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      43.803074 11.283055
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