Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis
A New Book by Anatole Kaletsky
The Institute for New Economic Thinking’s website now features new videos showcasing a terrific new book by Anatole Kaletsky that explains the recent global crisis in sweeping historical context, and points out the once-in-a-lifetime opportunity now opening up to economists - particularly the younger generation.
Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis frames the systemic problems of recent years and sketches out the transformational changes that could come in terms that particularly resonate with the goals of the Institute for New Economic Thinking. The website features videos of Executive Director Rob Johnson interviewing Board Member Kaletsky about the book and its relevance to the Institute.
Kaletsky’s book draws off key insights from economic history, comparing today’s crisis with three previous systemic crises of capitalism in the early 19th century, the 1930s and 1970s. The author, a longtime economic journalist currently serving as editor-at-large for The Times of London, frequently describes the critical interplay of economics with politics - and refers to a wide range of other disciplines outside economics. And Kaletsky makes a strong case that a new economic paradigm is imminent as capitalism goes through a rare reinvention to a new form that balances the market and the state in ways not seen before.
Capitalism 4.0 makes economics accessible to a range of audiences and shows how critical this current era of creative destruction of the system is. Despite all the trauma, the books stays positive and is genuinely optimistic that the economic system to emerge in the early 21st century will be better than the previous three versions.
All in all, the book encapsulates many of the themes and preoccupations that INET expects to engage in the years ahead. It is a great read for those who want to understand what is really going on around them and get a sense of what this Institute is about.
Peter Leyden
Director, INET Online
Anatole Kaletsky is editor-at-large of The Times of London, where he writes a column on politics, economics, and international relations. Kaletsky was a full-time journalist for The Times, Financial Times, and The Economist from 1976 until 1998 when he expanded his activities to include economic forecasting and financial consulting.
Click here to see more video from Rob Johnson's Interview with Anatole Kaletsky
Click here to buy Capitalism 4.0 on Amazon.
Comments
It's not anymore new to us that our economy is facing great challenges that trigger the situation that we are experiencing right now.We are not blind to see these things and I believe that we can still do something to solve the problems.We should begin the change from us.In the midst of crisis,we should learn how to save money not just for today but for our future use.I know that we can not easily solve this because it's indeed a problem of the century,but what I suggest is to put it into action not just by saying that you will do it. It's not wrong to save money because by this,you are already preparing for your future and that I know is a good act that every one should follow.The economic status is getting worse than ever and I know that this time is the perfect time for change.Step by step,little by little we are on our way to success.Let's help fight for crisis! Spending money is not easy as it seems,but I know that through this,there would be a change.
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