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Pre-Order 'Better Capitalism'

Article by Matthew Denhart February 13, 2013 //   2 minute read

Robert E. Litan and Carl J. Schramm, both Growth Fellows of the George W. Bush Institute, have written a new book, "Better Capitalism." The book will be published by the Yale University Press on September 25, 2012, but you can place a pre-order today, at this link. We will post a more thorough review of this important work in coming weeks, but for now, here is the book's description from the publisher:

In the wake of the Great Recession and America's listless recovery from it, economists, policymakers, and media pundits have argued at length about what has gone wrong with the American capitalist system. Even so, few constructive remedies have emerged. This welcome book cuts through the chatter and offers a detailed, nonideological, and practicable blueprint to restore the vigour of the American economy. Better Capitalism extends and significantly expands on the insights of the authors' widely praised previous book, Good Capitalism, Bad Capitalism, co-written with William Baumol. In "Better Capitalism," Robert E. Litan and Carl J. Schramm focus on the huge — but often unrecognized — importance of entrepreneurship to overall economic growth. They explain how changes in seemingly unrelated policy arenas — immigration, education, finance, and federal support of university research — can accelerate America's recovery from recession and spur the nation's rate of growth in output while raising living standards. The authors also outline an innovative energy strategy and discuss the potential benefits of government belt-tightening steps. Sounding an optimistic note when gloomy predictions are the norm, Litan and Schramm show that, with wise and informed policymaking, the American entrepreneurial engine can rally and the true potential of the U.S. economy can be unlocked.