Book description
Capitalism faltered at the end of the 1990s as corporations were
rocked by fraud, the stock-market bubble burst and the American
business model - unfettered self-interest, privatization and low tax -
faced a storm of protest. But what are the alternatives to the mantras
of market fundamentalism?
Leading economist John Kay unravels the truth about markets, from
Wall Street to Switzerland, from Russia to Mumbai, examining why some
nations are rich and some poor, why 'one-size-fits-all' globalization
hurts developing countries and why markets can work - but only in a
humane social and cultural context. His answers offer a radical new
blueprint for the future.
John Kay is one of Britain's leading economists. He was the first
(controversial) head of the Oxford Said Business School and for many
years headed Europe's largest private firm, providing economic advice to
companies and governments. He has a regular column in the
Financial Times
.
