21st Century Capitalism Essay -- Term Papers Research Essays

21st blow Capitalism 21st coulomb Capitalism. By Robert Heilbroner. (New York Norton, 1993. 175pp., $17.95)The Work of Nations Preparing Ourselves for 21st coulomb Capitalism. By Robert Reich. (New York Vintage, 1992. 339pp., $14.00)Undoubtedly, the 20th century has witnessed some of the most significant frugal events in modern history. For example, the Great Depression saw capitalism induce close to its end, and the principles of laissez-faire repudiated as the New Deal was enacted to rehabilitate the economy. to a greater extent recently, the downfall of the Soviet Union represented a major advantage for capitalism over the direct-defunct communist system, which is nearing extinction even in the polish of Mao, as China reluctantly and gradually moves towards a free commercialise economy. Despite the fall of communism, one should not be too degenerate to celebrate. Alas, the future of capitalism remains undetermined. Several notable economists have issued predictions for the use of goods and services of capitalism in the upcoming years. I choose to focus on two Robert Heilbroner and Robert Reich. Robert Heilbroner, the Harvard-educated economist and New School professor most notable for The Worldly Philosophers, details his predictions for the future of capitalism in 21st Century Capitalism. Heilbroner is reluctant to draw any great conclusions about capitalisms future and instead leads a rather deceptive course, first analyzing capitalism from a distance. Heilbroners first task is to psychoanalyse the uninitiate Kung people of Africas Kalahari Desert in a bright efficient and easy-to-understand strategy intended to differentiate between the three forces of Command, Tradition, and the Market. Describing Tradition, he writes From their infancy, Kun... ...xpecting large revelations about capitalisms future. Perhaps the disparity is due to the fact that Heilbroner is a brilliant economist, equal to the likes of Keynes, Schumpeter, and Galbrai th, while Reich is a politician-as-academic. Another rouse worth noting is the likely audiences of both books. Heilbroner, whose works are read in college economics courses across the nation, likely intended his book for serious economists. On the contrary, Reichs book with its colorful cover is likely intended for the oecumenical audience.In conclusion, Heilbroners long list of scholarly achievements will now grow by one. 21st Century Capitalism is a brilliantly written work with expert analysis and a masterful study of the future of economics. However, Reichs work is somewhat less impressive, and his analysis is, to a trusted extent, less in-depth than that of Heilbroner.