Open AccessPaul Collier. The Future of Capitalism: Facing the New Anxieties. London, UK: Allen Lane. 2018. 256 pages. Price UK £ 20.00 (Hardback).
Author(s) -
Omer Siddique
Publication year - 2018
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v57i3pp.373-374
Subject(s) - capitalism , nobel laureate , politics , rhetoric , sociology , economic history , political science , history , law , philosophy , art , literature , theology , poetry
The Future of Capitalism by Paul Collier is an insightfulbook. In this book the author has highlighted the things that are wrongwith capitalism. He has also highlighted not only the problems createdby capitalism but also the problems being faced by capitalism today. Theauthor has made a cogent case to show that deep economic rifts in the UKand the USA are “tearing apart the fabric of our societies” (p. 3).Collier has, in a nutshell, shown in the book how to save the capitalismfrom itself. The book is different from the books written with eitherthe conservative or with the liberal perspective in that rather thanrelying on mere rhetoric, Collier has tried to present pragmaticsolutions to the socioeconomic problems that are so rampant today. Hehas argued that in these times when there are deep political divisions,no new economic theory can work the magic. Instead he has made a casefor policies that are not only pragmatic but are communitarian innature. What is unique about the book is that ethics and moralphilosophy are at the centre stage of Collier’s narrative. GeorgeAkerloff, a Nobel laureate in Economics, has termed the book as the mostrevolutionary work since Keynes.