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Saving Capitalism from the Capitalists: How Open Financial Markets Challenge the Establishment and Spread Prosperity to Rich and Poor Alike

Saving Capitalism from the Capitalists: How Open Financial Markets Challenge the Establishment and Spread Prosperity to Rich and Poor Alike

by Luigi Zingales (Author), RaghuramG.Rajan (Author)

  • Used

    Hardcover 2003

    $13.19
Synopsis

What is the secret of prosperity? Why are the rich rich and the poor poor? The answer lies in the structure of financial markets and the willingness to allow the capitalist system to let creative destruction work its wealth-creating wonders. Financial markets are the least understood and most highly criticised part of the capitalist system. The greed of participants involved in scandals like Enron adds fuel to the fire that these markets are a tool of the rich. The authors of this volume explore how financial markets free ingenuity, make nations competitive and are the basis for broadening prosperity.

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More Information

Format: Hardcover
 Pages: 288
 Publisher: Random House Business Books
Published: 03 Apr 2003
ISBN 10: 0712621318
ISBN 13: 9780712621311
Book Overview: Rajan and Zingales defend capitalism, showing how financial markets free ingenuity, and create prosperity at a national and individual level. They argue against books like No Logo which roll corporate mis-management and unacceptable levels of business influence in countries all over the world, together with capitalism per se.

Author Bio
Raghuram Rajan received his Ph.D. from MIT and has taught at Northwestern University's Kellogg School of Management and MIT in addition to the University of Chicago. He has published in numerous industry publications, as well as the Financial Times. Luigi Zingales also earned his Ph.D. at MIT. In 2000 he won the Journal of Finance's Distinguished Paper Award for his outstanding papers in corporate finance. He is a research associate at the National Bureau of Economic Research.