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| Identificativo | RajanZingales03, |
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| Autore/i | Rajan R ; Zingales L |
| Anno | 2003 |
| Titolo | Saving Capitalism from Capitalists |
| libro |
| Altre Informazioni | Crown Business, New York Web Download. |
| Keywords separare key1:key2 | |
| Abstract | From the introduction "Capitalism, or more precisely, the free market system, is the most effective way to organize production and distribution that human beings have found. While free markets, particularly free financial markets, fatten peoples’ wallets, they have made surprisingly
little inroads into their hearts and minds. Financial markets are among the most highly criticized and least understood parts of the capitalist system. The behavior of those involved in recent scandals like the collapse of Enron only solidifies the public
conviction that these markets are simply tools for the rich to get richer at the expense of the general public. Yet, as we argue, healthy and competitive financial markets are an extraordinarily effective tool in spreading opportunity and fighting poverty. Because of their role in financing new ideas, financial markets keep alive the process of 'creative
destruction' - whereby old ideas and organizations are constantly challenged and replaced by new, better, ones. Without vibrant, innovative financial markets, economies would invariably ossify and decline." |
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| Documento del gruppo di ricerca | No |
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