Dear users, today we have a very personal request. We have decided to offer our learning materials free of charge because we believe in an open, pluralist economic science that is available to everyone, worldwide. We do this without advertising because we want to remain independent of commercial interests. But our commitment to independence and open access also has its price. Every year we have large costs for programming, staff and to support our authors. If everyone reading this gave a small amount, we could keep Exploring Economics thriving for years to come - but 99% of our users don't give. So today we ask you to protect Exploring Economics's independence. The heart and soul of Exploring Economics is a community of people working to bring you unlimited access to high-qualitiy, economic learning and teaching material. Please take just a few moments to help us keep Exploring Economics going. Thank you!
We are a registered non-profit organization | Bank account: Netzwerk Plurale Ökonomik e.V., IBAN: DE91 4306 0967 6037 9737 00, SWIFT-BIC: GENODEM1GLS | Imprint
The Future of Capitalism
The world is still feeling reverberations from the financial crisis of 2008, foreseen by neither politicians nor economists. The history of capitalism has been punctuated by major crises, exposing the fragility of our entire economic system. How has capitalism, despite these ruptures, managed to each time resurface more resilient and radically changed? After the latest crisis, the new economic and political consensus is still in formation: where are we heading? Esteemed economist Anatole Kaletsky guides us through the crises and restorations that demarcate the history of capitalism, before revealing the shape of things to come.
By the end of the course, you will have learned:
- The causes of the three main crises that have afflicted capitalism
- The economic policy and historical period corresponding to the four major periods in the history of capitalism
- How capitalism’s resilience has proven Marx wrong
- The contours of the new economy system taking hold across the globe
- How European policy and austerity measures will only further damage the economy
- How growing global conflict is a product of the financial crisis