Ignorer la navigation
Capitalism’s Toxic Assumptions
Book

Capitalism’s Toxic Assumptions

Redefining Next Generation Economics

Bloomsbury, 2015 plus...


Editorial Rating

7

Qualities

  • Analytical
  • Innovative
  • Concrete Examples

Recommendation

Classical assumptions about competition, pricing and other elements of capitalism find little support among modern theories of market economies. For example, game theory emphasizes the importance of cooperation and undermines the old theory that competition is always the best business strategy. Adopting alternatives to these seven now “toxic assumptions” could extend the life of capitalism. For example, a shift toward business cooperation – and away from competition – could unfold as more women ascend to top management jobs. New business models could encourage reinvestment instead of job cuts and dividend distribution. Business lecturer Eve Poole’s exhaustive treatise calls for economic theories about capitalism to evolve, with a nudge from new public policies. While always politically neutral, getAbstract recommends her thinking to policy makers, as well as to anyone with a background in economics and an interest in how the field’s thinking should evolve.

Take-Aways

  • Seven “toxic assumptions” about capitalism obscure the reality of market economies.
  • First, competition theory, which holds that competing rather than cooperating yields the best results, is erroneous. Game theory has dispelled this myth.
  • Biology drives men to compete – not to cooperate – when they perceive threats.

About the Author

Eve Poole is a Leadership Associate at the Ashridge Business School. She wrote Temple Tract Book 4, God and Money, for the Temple Foundation, where she is an associate research fellow.


Comment on this summary or Démarrer une discussion