• Complain

Greenspan Alan - Capitalism in America: a history

Here you can read online Greenspan Alan - Capitalism in America: a history full text of the book (entire story) in english for free. Download pdf and epub, get meaning, cover and reviews about this ebook. City: United States, year: 2018, publisher: Penguin Publishing Group;Penguin Press, genre: Politics. Description of the work, (preface) as well as reviews are available. Best literature library LitArk.com created for fans of good reading and offers a wide selection of genres:

Romance novel Science fiction Adventure Detective Science History Home and family Prose Art Politics Computer Non-fiction Religion Business Children Humor

Choose a favorite category and find really read worthwhile books. Enjoy immersion in the world of imagination, feel the emotions of the characters or learn something new for yourself, make an fascinating discovery.

Greenspan Alan Capitalism in America: a history
  • Book:
    Capitalism in America: a history
  • Author:
  • Publisher:
    Penguin Publishing Group;Penguin Press
  • Genre:
  • Year:
    2018
  • City:
    United States
  • Rating:
    4 / 5
  • Favourites:
    Add to favourites
  • Your mark:
    • 80
    • 1
    • 2
    • 3
    • 4
    • 5

Capitalism in America: a history: summary, description and annotation

We offer to read an annotation, description, summary or preface (depends on what the author of the book "Capitalism in America: a history" wrote himself). If you haven't found the necessary information about the book — write in the comments, we will try to find it.

In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDRs New Deal to Americas violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, Americas genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. Theres no better moment to apply the lessons of history to the most pressing question we face--;From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of Americas evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. From even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even more. To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite? In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDRs New Deal to Americas violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, Americas genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old.;Giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. Theres no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers--

Greenspan Alan: author's other books


Who wrote Capitalism in America: a history? Find out the surname, the name of the author of the book and a list of all author's works by series.

Capitalism in America: a history — read online for free the complete book (whole text) full work

Below is the text of the book, divided by pages. System saving the place of the last page read, allows you to conveniently read the book "Capitalism in America: a history" online for free, without having to search again every time where you left off. Put a bookmark, and you can go to the page where you finished reading at any time.

Light

Font size:

Reset

Interval:

Bookmark:

Make
ALSO BY ALAN GREENSPAN The Map and the Territory The Age of Turbulence ALSO - photo 1
ALSO BY ALAN GREENSPAN

The Map and the Territory

The Age of Turbulence

ALSO BY ADRIAN WOOLDRIDGE

The Great Disruption

Masters of Management

Measuring the Mind

( WITH JOHN MICKLETHWAIT )

The Fourth Revolution

God Is Back

The Right Nation

The Company

A Future Perfect

The Witch Doctors

PENGUIN PRESS An imprint of Penguin Random House LLC 375 Hudson Street New - photo 2

PENGUIN PRESS

An imprint of Penguin Random House LLC

375 Hudson Street

New York, New York 10014

penguinrandomhouse.com

Copyright 2018 by Alan Greenspan

Penguin supports copyright. Copyright fuels creativity, encourages diverse voices, promotes free speech, and creates a vibrant culture. Thank you for buying an authorized edition of this book and for complying with copyright laws by not reproducing, scanning, or distributing any part of it in any form without permission. You are supporting writers and allowing Penguin to continue to publish books for every reader.

LIBRARY OF CONGRESS CATALOGING-IN-PUBL ICATION DATA

Names: Greenspan, Alan, 1926- author. | Wooldridge, Adrian, author.

Title: Capitalism in America : a history / Alan Greenspan, Adrian Wooldridge.

Description: New York City : Penguin Press, 2018.

Identifiers: LCCN 2018020397 (print) | LCCN 2018022007 (ebook) | ISBN 9780735222458 (ebook) | ISBN 9780735222441 (hardback)

Subjects: LCSH: CapitalismUnited StatesHistory. | United StatesEconomic conditions. | United StatesEconomic policy. | Economic history. | BISAC: BUSINESS & ECONOMICS / Economic History. | HISTORY / United States / General. | BUSINESS & ECONOMICS / Development / Economic Development.

Classification: LCC HB501 (ebook) | LCC HB501 .G6454 2018 (print) | DDC 330.973dc23

LC record available at https://lccn.loc.gov/2018020397

Version_1

Greenspan:

For my beloved Andrea

Wooldridge:

For my American-born daughters, Ella and Dora

CONTENTS
INTRODUCTION L ETS START THIS HISTORY with a flight of fancy Imagine that a - photo 3

INTRODUCTION

L ETS START THIS HISTORY with a flight of fancy Imagine that a version of the - photo 4

L ETS START THIS HISTORY with a flight of fancy. Imagine that a version of the World Economic Forum was held in Davos in 1620. The great and the good from across the world are assembled in the Alpine village: Chinese scholars in their silk robes, British adventurers in their doublets and jerkins, Turkish civil servants in their turbans and caftans... all edge along the icy paths, frequently tumbling over, or gather in the inns and restaurants, animated by alcohol.

The subject of the conference is an explosive one: who will dominate the world in the coming centuries? Everyone wants to make the case for their corner of the planet. You rush from panel discussion to panel discussion (and then stumble from after-party to after-party) to absorb the Davos wisdom.

The Chinese have a compelling argument. Peking has a population of more than a million at a time when the biggest European cities (London, Paris, Nice) have no more than three hundred thousand. The imperial civil service is selected from an immense country on the basis of the worlds most demanding examinations. Chinese scholars have compiled an eleven-thousand-volume encyclopedia. Chinese sailors have built the worlds biggest ships.

Others make a good case too. A Turk boasts that the Ottoman Empire, the most important of an arc of Islamic countries extending from Turkey and Arabia to sub-Saharan Africa and Asia, is expanding westward and will soon hold Europe under its sway. A Mughal says that his empire mixes people from every race and religion in a cocktail of creativity. A Spaniard boasts that Spain is sweeping all before itblessed by the one true Church, it is bringing the rest of Europe under its benign rule and extending its power even to Latin America (where a huge store of gold and silver is funding yet further expansion). A plucky Briton makes the most unlikely case of all. His tiny country has broken with a corrupt and ossified continent and is developing dynamic new institutions: a powerful Parliament, a mighty navy (backed up by a few pirates), and a new species of organization, the chartered corporation, which can trade all over the world.

In all of the arguing in Davos, one region goes unmentioned: North America. The region is nothing more than an empty space on the mapa vast wilderness sitting above Latin America, with its precious metals, and between the Atlantic and Pacific oceans, with their trading routes and treasure troves of fish. The wilderness is populated by aboriginal peoples who have had no contact with the Davos crowd. There are a few Europeans in New England and Virginiabut they report that the life is hard and civilization nonexistent. The entire North American continent produces less wealth than the smallest German principality.

Today the United States is the worlds biggest economy: a mere 5 percent of the worlds population, it produces a quarter of its GDP expressed in U.S. dollars. America has the worlds highest standard of living apart from a handful of much smaller countries such as Qatar and Norway. It also dominates the industries that are inventing the futureintelligent robots, driverless cars, and life-extending drugs. Americas share of the worlds patents has increased from 10 percent when Ronald Reagan was elected in 1980 to 20 percent today.

The American economy is as diverse as it is huge. The United States leads the world in a wide range of industriesnatural resources as well as information technology, paper, and pulp as well as biotechnology. Many leading economies are dangerously focused on one city: most obviously the United Kingdom but also South Korea and Sweden. The United States has numerous centers of excellence: New York for finance, San Francisco for technology, Houston for energy, and Los Angeles for films.

American capitalism is also the worlds most democratic. The United States was the birthplace of the engines of popular capitalism, from mass production to franchising to mutual funds. In many countries capitalism has always been associated with a plutocratic elite. In America, it has been associated with openness and opportunity: making it possible for people who were born in obscurity to rise to the top of society and for ordinary people to enjoy goods and services that were once confined to the elites. R. H. Macy, a former whaling skipper with a tattoo on one of his hands, sold goods suitable for the millionaire at prices in reach of the millions. Henry Ford, a farmers son, trumpeted the Model T as a car for the common man. Amadeo Giannini, an Italian immigrant, founded the Bank of America in order to bring banking to the little guy. Pierre Omidyar, another immigrant, created an electronic bazaar, eBay, for ordinary people to engage in free exchange.

Americas rise to greatness has been marred by numerous disgraces, prime among them the mistreatment of the aboriginal peoples and the enslavement of millions of African Americans. Yet judged against the broad sweep of history, it has been a huge positive. America has not only provided its own citizens with a prosperous life. It has exported prosperity in the form of innovations and ideas. Without Americas intervention in the Second World War, Adolf Hitler might well have subdued Europe. Without Americas unwavering commitment to the Cold War, Joseph Stalins progeny might still be in power in Eastern Europe and perhaps much of Asia. Uncle Sam provided the arsenal of democracy that saved the twentieth century from ruin.

Next page
Light

Font size:

Reset

Interval:

Bookmark:

Make

Similar books «Capitalism in America: a history»

Look at similar books to Capitalism in America: a history. We have selected literature similar in name and meaning in the hope of providing readers with more options to find new, interesting, not yet read works.


Reviews about «Capitalism in America: a history»

Discussion, reviews of the book Capitalism in America: a history and just readers' own opinions. Leave your comments, write what you think about the work, its meaning or the main characters. Specify what exactly you liked and what you didn't like, and why you think so.