Saving Capitalism from the Capitalists - by Raghuram G Rajan & Luigi Zingales (Paperback)

About the Book

In the wake of recent business scandals, financial markets are often thought of as parasitic institutions that feed off the blood, sweat, and tears of human endeavor. This guide shows that such markets in fact supply the fuel of a vital economy.

Book Synopsis

Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. They are the catalyst for inspiring human ingenuity and spreading prosperity. The perception of many, especially in the wake of never-ending corporate scandals, is that financial markets are parasitic institutions that feed off the blood, sweat, and tears of the rest of us. The reality is far different.

This book breaks free of traditional ideological arguments of the Right and Left and points to a new way of understanding and spreading the extraordinary wealth-generating capabilities of capitalism.

Review Quotes

"Saving Capitalism from the Capitalists will dismay both titans of industry and their foes across the barricades. . . . It's written for the rest of us."---Peter Coy, Business Week

"[O]ne of the most powerful defenses of the free market ever written."---Bruce Bartlett, National Review Online

"Raghuram G. Rajan and Luigi Zingales . . . argue persuasively that free markets 'cannot flourish without the very visible hand of government.'"---Alan Murray, Wall Street Journal

"Raghuram Rajan, Winner of the Deutsche Bank Prize in Financial Economics 2013, The Center for Financial Studies"

About the Author

Raghuram G. Rajan is currently Economic Counselor and Director of Research at the International Monetary Fund. He is on leave from the University of Chicago, where he is the Joseph Gidwitz Professor of Finance. In 2003, Rajan was awarded the inaugural Fischer Black Prize for the most significant contributions to the field of finance by a person under 40. Luigi Zingales is the Robert C. McCormack Professor of Entrepreneurship and Finance at the University of Chicago's Graduate School of Business. Zingales is one of the foremost academic experts on corporate governance and is an inaugural fellow of the recently instituted European Corporate Governance Panel. He is a faculty research associate at the National Bureau of Economic Research and a research fellow at the Center for Economic Policy Research. In 2003 he won the Bernacer Award for the best European young financial economist.