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21st Century Capitalism

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Title: 21st Century Capitalism
by Robert L. Heilbroner
ISBN: 0-393-31228-3
Publisher: W.W. Norton & Company
Pub. Date: August, 1994
Format: Paperback
Volumes: 1
List Price(USD): $12.95
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Average Customer Rating: 3 (2 reviews)

Customer Reviews

Rating: 4
Summary: A Book about The Real Long Run
Comment: This is a book that reiterates a lot of the work in "The Decline of the Business Civilization" also by Heilbroner but in the 1970's. The purpose of the book is not to give anything in the way of short run economic prediction (like upswings in the stock market) but instead to attempt to step out of the capitalist mindset for a minute to explore what it means to be in a capitalist society. This includes the costs and the benefits. The purpose is to try to determine what possibilities exist for economic systems in the future by understanding what forces will shape them. This analysis includes discussion of economic and political forces, the tension between the two, and yes of course Marx.

Rating: 2
Summary: A pessimistic view by an educated socialist
Comment: 21st Century Capitalsim, published in 1993, fails to capture the enthusiasm of current market trends. Heilbroner does present an interesting development of the different aspects of economies, ranging from Traditional (un-developed countries), Command (20th Century Communism) and Capitalism. He draws heavily from past economists such as Adam Smith and Keynes, but fails to support his predictions with recent examinations of the economy. Perhaps when he wrote this book, the US stock market had not fully rebounded from the 1992 recession. I would recommend this book for those seeking an extremely verbose and pessimistic view of future economics. For those who wish to read a book with a positive view of the future and some concrete suggestions on how to prepare for the revolutionary changes ahead, I would recommend Harry S. Dent JR's "The Roaring 2000's".

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