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The Future of Capitalism: How Today's Economic Forces Shape Tomorrow's World

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Title: The Future of Capitalism: How Today's Economic Forces Shape Tomorrow's World
by Lester C. Thurow
ISBN: 0-14-026328-4
Publisher: Penguin Books
Pub. Date: 01 April, 1997
Format: Paperback
Volumes: 1
List Price(USD): $15.00
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Average Customer Rating: 3.33 (15 reviews)

Customer Reviews

Rating: 5
Summary: a lucid explanation of the forces shaping world ecomomies
Comment: It's rare to find a book which is so insightful. As people and politicians around the world are reeling and reacting to the dramatic economic changes happening around them, Thurow is the scholarly observer who explains to us so clearly why these changes are taking place. The author deepens our understanding of events by providing the historical context and presents us with our future dilemnas and challenges. Such as the widening gap between rich and poor. This book will be a light and demystifier to your economic world view. As far as economics go, this book is straight talk, captivating and excellent.

Rating: 1
Summary: Be wary of an author scorned.
Comment: It is so sad how wrong someone can be proven over and over again and still, he/she is rewarded, called a genius and is allowed to teach our youth. Here is a quote from the author: "Can economic command significantly... accelerate the growth process? The remarkable performance of the Soviet Union suggests that it can... Today the Soviet Union is a country whose economic achievements bear comparison with those of the United States." This was in 1989, just shortly before the Societ Union collapsed. Unfortunately, being this wrong in economics gives one awards and allows you to teach college students while being described a genius. Sad. Mr. Thurow may be a 'genius', but geniuses can be wrong too.

Rating: 5
Summary: Packed With Knowledge!
Comment: This is a particularly important book for two types of people to read: those who believe economic instability and inequality will lead capitalism to implode (they're wrong); and those who believe the economic engine of capitalism is running just fine, especially in the United States, and simply needs to be left alone by meddling do-gooders, thank you (they are wrong too). Neither view is realistic. Lester C. Thurow is quite well suited to explain why. He is practically a brand name on national television, known for making more sense of the economy than anyone could possibly expect from a dean at MIT. Although Thurow wrote this book in 1996, the trade deficit, the skewed distribution of revenue and the disparity between rich and poor continue to demonstrate the validity of his conclusion that fewer and fewer can get more and more for only so long. We highly recommend his insightful analysis, wishing only that Thurow proposed deeper solutions for the problems he so ably diagnosed.

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