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Capitalism in America: A History is a 2018 book written by former chairman of the Federal Reserve Alan Greenspan and Adrian Wooldridge, political editor at The Economist. [note 1] The book traces the economic history of the United States since its founding and the authors argue that America's embrace of capitalism and creative destruction has given the nation's economy a superior edge.
The perception of capitalism among Democratic-leaning voters has also seen a decline since the 2016 presidential election from 56% to 47%. 16% of Republican-leaning voters and 37% of American adults overall had a positive view of socialism in the 2018 poll, compared with 71% and 56% holding a positive view of capitalism, respectively. [280]
Monopoly Capital: An Essay on the American Economic and Social Order is a 1966 book by the Marxian economists Paul Sweezy and Paul A. Baran. It was published by Monthly Review Press . It made a major contribution to Marxian theory by shifting attention from the assumption of a competitive economy to the monopolistic economy associated with the ...
State socialism can be used to classify any variety of socialist philosophies that advocates the ownership of the means of production by the state apparatus, either as a transitional stage between capitalism and socialism, or as an end-goal in itself. Typically, it refers to a form of technocratic management, whereby technical specialists ...
A different future than that envisioned by Marx has started to emerge—explored and described by Anthony Crosland in the United Kingdom in his 1956 book The Future of Socialism [74] and by John Kenneth Galbraith in North America in his 1958 book The Affluent Society, [75] 90 years after Marx's research on the state of capitalism in 1867. [76]
Schumpeter devotes the first 56 pages of the book to an analysis of Marxian thought and the place within it for entrepreneurs. Noteworthy is the way that Schumpeter points out the difference between the capitalist and the entrepreneur, a distinction that he claims Karl Marx would have been better served to have made (p. 52).
Robert L. Heilbroner (March 24, 1919 – January 4, 2005) was an American economist and historian of economic thought.The author of some two dozen books, Heilbroner was best known for The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers (1953), a survey of the lives and contributions of famous economists, notably Adam Smith, Karl Marx, and John Maynard Keynes.
Here are some key points from O’Connor’s analysis: 1. Anatomy of American State Capitalism: O’Connor delves into the structure of American state capitalism, exploring how political power and budgetary control operate within the United States. [8] 2. Social Capital Expenditures: He discusses social investment and social consumption ...