The failure of "socialism" in 1989 led many to declare a "triumph of capitalism". The denouement has quickly followed with negative growth in parts of Europe (dramatically so in the formerly centrally "planned" economies to the East), stagnation in the United States and even Japan, and deepening crises in Africa and Latin America. Is this just a temporary phase in the history of capitalism, prior to the re-emergence of the world economy with renewed vigour in the near future? Whilst not denying the capacity of capitalism for self-renewal, this volume advances the view that, particularly in its late 20th century form, capitalism is fundamentally flawed and must be transformed in order to create a dynamically efficient economy. The ultimate aim of the book is to articulate a more promising way forward - the beginnings of an economic strategy aimed at transforming the so-called free market economy into a democratic market economy. Written in a scholarly but clear and accessible way, the volume should be of interest to students, academics, researchers and professionals.
- ISBN10 0312122322
- ISBN13 9780312122324
- Publish Date 1 September 1994 (first published 17 June 1994)
- Publish Status Out of Print
- Out of Print 31 March 2016
- Publish Country US
- Imprint St. Martin's Press
- Format Hardcover
- Pages 195
- Language English