A Capitalism for the People
Book description
Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment--paired with rampant nepotism and cronyism--on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief…
Why read it?
1 author picked A Capitalism for the People as one of their favorite books. Why do they recommend it?
Zingales is a brilliant academic economist, but this book leads the reader with both head and heart. Zingales is concerned that the US is on a path to similarities with his native Italy, where markets and politics are both corrupted by cronyism and nepotism. The book’s appeal is that Zingales's compelling argument cannot be put in a left or right box. He lays out evidence to suggest that more open competition will address both the inequality concerns of liberals, as well as the free market priorities of conservatives. Today, Zingales seems to suggest, we have the worst of both worlds.
From Pietra's list on economics and globalization.
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