Skip to main content Accessibility help
×
Hostname: page-component-76fb5796d-dfsvx Total loading time: 0 Render date: 2024-04-26T07:31:23.874Z Has data issue: false hasContentIssue false

6 - What Next?

Published online by Cambridge University Press:  25 August 2021

John L. Campbell
Affiliation:
Dartmouth College
John A. Hall
Affiliation:
McGill University, Montréal
Get access

Summary

We began this book by presenting the ideas of great economists that have been unduly neglected. Smith recognized that capitalism works best when people seek to catch those above them on the societal escalator. That requires a sense that they are at least on the escalator – something stressed too by Polanyi, who was well aware of the dangers that could follow if people were to feel themselves to be left out altogether. Keynes wanted the state to smooth out capitalism’s instabilities – notably, persistent unemployment – which often stemmed from the creative destruction that Schumpeter described. Hirschman understood that another way of ensuring that capitalism worked for everyone was to provide voice to all of its stakeholders.

Type
Chapter
Information
What Capitalism Needs
Forgotten Lessons of Great Economists
, pp. 201 - 229
Publisher: Cambridge University Press
Print publication year: 2021

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • What Next?
  • John L. Campbell, John A. Hall, McGill University, Montréal
  • Book: What Capitalism Needs
  • Online publication: 25 August 2021
  • Chapter DOI: https://doi.org/10.1017/9781108768054.007
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • What Next?
  • John L. Campbell, John A. Hall, McGill University, Montréal
  • Book: What Capitalism Needs
  • Online publication: 25 August 2021
  • Chapter DOI: https://doi.org/10.1017/9781108768054.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • What Next?
  • John L. Campbell, John A. Hall, McGill University, Montréal
  • Book: What Capitalism Needs
  • Online publication: 25 August 2021
  • Chapter DOI: https://doi.org/10.1017/9781108768054.007
Available formats
×