Paul Collier. The Future of Capitalism: Facing the New Anxieties. London, UK: Allen Lane. 2018. 256 pages. Price UK £ 20.00 (Hardback).

Omer Siddique

Abstract


The Future of Capitalism by Paul Collier is an insightful
book. In this book the author has highlighted the things that are wrong
with capitalism. He has also highlighted not only the problems created
by capitalism but also the problems being faced by capitalism today. The
author has made a cogent case to show that deep economic rifts in the UK
and the USA are “tearing apart the fabric of our societies” (p. 3).
Collier has, in a nutshell, shown in the book how to save the capitalism
from itself. The book is different from the books written with either
the conservative or with the liberal perspective in that rather than
relying on mere rhetoric, Collier has tried to present pragmatic
solutions to the socioeconomic problems that are so rampant today. He
has argued that in these times when there are deep political divisions,
no new economic theory can work the magic. Instead he has made a case
for policies that are not only pragmatic but are communitarian in
nature. What is unique about the book is that ethics and moral
philosophy are at the centre stage of Collier’s narrative. George
Akerloff, a Nobel laureate in Economics, has termed the book as the most
revolutionary work since Keynes.

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DOI: https://doi.org/10.30541/v57i3pp.373-374

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