A world-renowned economist's candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it.
Paul Collier is the Professor of Economics and Public Policy at the Oxford Blavatnik School of Government. He is the author of The Bottom Billion, which won the Lionel Gelber Prize and the Arthur Ross Prize awarded by the Council on Foreign Relations, The Plundered Planet, Exodus and Refuge (with Alexander Betts). Collier has served as Director of the Research Department of the World Bank, and consults with the German and many other governments around the world.
Collier is one of the UK's most distinguished economists. In
this important book, he analyses what has gone wrong with
contemporary capitalism, focusing on the growing divide between the
educated and the less educated and between booming metropolis and
the declining provinces. Rejecting the illusions of the ideologues
and the populists, he puts forward pragmatic, provocative and
perceptive ways to deliver widely shared prosperity, by
restoring an ethical basis to our national politics, companies and
families. -- Martin Wolf, The Best Books of 2018 * Financial Times
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I'm a big fan of Paul Collier. When I saw that The Future
of Capitalism was about the polarization we're seeing in the
U.S., Europe, and other places, I was eager to see what he had to
say. I'm glad I did. The Future of Capitalism is an
ambitious and thought-provoking book. . . . I think he is
right more often than not. Ultimately, I agree with him that
'capitalism needs to be managed, not defeated.' -- Bill Gates,
Summer Reading Recommendations 2019
These times are in desperate need of Paul Collier's
insights. The Future of Capitalism restores
common sense to our views of morality, as it also describes their
critical role in what makes families, organizations, and nations
work. It is the most revolutionary work of social science since
Keynes. Let's hope it will also be the most influential --
George Akerlof, Nobel Laureate in Economics, 2001
For me the most gripping [2018 book on capitalism] was Paul
Collier's The Future of Capitalism: a deep exploration of
the ethical institutions underlying our market society -- and
an impassioned argument about how to restore them. -- Jesse Norman
* The New Statesman *
Collier has set for himself [the task] to re-establish the ethical
character of social democracy. This is an important book for anyone
concerned at the state of modern politics and our liberal
democracies. -- Jon Cruddas MP
This book is not an easy read but it is an important one - the
revenge of the clever provincial biting the metropolitan hand that
has fed him so generously. -- David Goodhart * Evening Standard
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In this bold work of intellectual trespass, Paul Collier, a
distinguished economist, ventures onto the terrain of ethics to
explain what's gone wrong with capitalism, and how to fix it. To
heal the divide between metropolitan elites and the left-behind, he
argues, we need to rediscover an ethic of belonging, patriotism,
and reciprocity. Offering inventive solutions to our current
impasse, Collier shows how economics at its best is inseparable
from moral and political philosophy' -- Michael Sandel, author of
What Money Can't Buy and Justice
For thirty years, the centre left of politics has been searching
for a narrative that makes sense of the market economy. This book
provides it -- John Kay, Fellow of St John's College, Oxford and
the author of Obliquity and Other People's Money
For well-to-do metropolitans, capitalism is the gift that goes on
giving. For others, capitalism is not working. Paul Collier deploys
passion, pragmatism and good economics in equal measure to chart an
alternative to the divisions tearing apart so many western
countries. -- Mervyn King, former Governor of the Bank of England
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