Better
Capitalism
Renewing the
Entrepreneurial Strength
of the
American Economy
Robert E. Litan
and Carl Schramm
With the
presidential election drawing nearer, the biggest concern weighing heavily on
the minds of most thinking Americans is the economy. We've heard the candidates'
arguments and debates on the subject, but is there a solution?
Better Capitalism:
Renewing the Entrepreneurial Strength of the American
Economy by
Robert E. Litan
and Carl
Schramm is about the financial crisis and the
recession that followed and how it underscored for us that a sustained recovery
and higher long-run growth will require a heavier dose of entrepreneurship than
we had previously recommended. This book lays out some concrete ways to do
that.
In the wake of
the Great Recession and America's listless recovery from it, economists,
policymakers, and media pundits have argued at length about what has gone wrong
with the American capitalist system. Even so, few constructive remedies have
emerged. Better Capitalism cuts through the chatter and
offers a detailed, non-ideological, and practical blueprint to restore the vigor
of the American economy.
Better
Capitalism extends and
significantly expands on the insights of the authors' widely praised previous
book, Good Capitalism, Bad Capitalism, co-written with William Baumol. In
Better Capitalism, Robert E. Litan and Carl Schramm
focus on the huge - but often unrecognized - importance of entrepreneurship to
overall economic growth. They explain how changes in seemingly unrelated policy
arenas - immigration, education, finance, and federal support of university
research - can accelerate America's recovery from recession and spur the
nation's rate of growth in output while raising living standards.
The authors
also outline an innovative energy strategy and discuss the potential benefits of
government belt-tightening steps. Sounding an optimistic note when gloomy
predictions are the norm, Litan and Schramm show that, with wise and informed
policymaking, the American entrepreneurial engine can rally and the true
potential of the U.S. economy can be unlocked.
Read more about
Better Capitalism in The
Economist.
About the
Author: Best-selling
Author, Economist and Entrepreneur, Carl Schramm
blogs for the George W. Bush Institute. His column, Messy Capitalism, appears in
Forbes. His writing has appeared in the Wall Street Journal, Foreign Affairs,
City Journal and the Harvard Business Review. He has appeared many
times on television as a guest of Charlie Rose (PBS), Brian Sullivan (CNBC),
David Asman and Liz Claman (Fox), Joe Kernan (CNBC), and Gerri Willis (Fox
Business). [more...]