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The Future of Capitalism


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About the Author

Paul Collier is the Professor of Economics and Public Policy at the Blavatnik School of Government. He is the author of The Bottom Billion, which won the Lionel Gelber Prize and the Arthur Ross Prize awarded by the Council on Foreign Relations, The Plundered Planet, Exodus and Refuge (with Alexander Betts). Collier has served as Director of the Research Department of the World Bank, and consults with the German and many other governments around the world.


"Responding to recent electorate revolts in developed countries against paternalistic democratic policies, Collier explores the reasons for these events and suggests pragmatic remedies employing education, taxation, social services, and political reform. Collier's wide-ranging work presents challenging concepts from a British viewpoint, providing a meaningful perspective that will reward thoughtful readers. A noteworthy addition to works such as Douglas McWilliams's The Inequality Paradox and Thomas Piketty's Capital in the Twenty-First Century."--Library Journal
"An engaging and well-reasoned argument....There is nothing socialist about Collier's critique or his prescriptions -- like Adam Smith, the oft-misunderstood father of modern economics, he's about restoring a moral sensibility to a market system that is falling short of its potential."--Washington Post
"An ambitious attempt to restate the aims of capitalism and social democracy."--Bloomberg News
" In this masterful blend of personal experience and the best thinking of diverse social scientists, economist Collier analyzes the current breakup of the 'cornerstones of belonging'--family, workplace, and nation--and the ensuing frustrations that have opened the way for populists and ideologues. He urges pragmatic policies to manage capitalism (which is 'not working' for many), rebuild the 'beleaguered center' of the political spectrum and restore the "ethics of community" to contemporary life."--Kirkus Reviews (starred review)
"These times are in desperate need of Paul Collier's insights. The Future of Capitalism restores common sense to our views of morality, as it also describes their critical role in what makes families, organizations, and nations work. It is the most revolutionary work of social science since Keynes. Let's hope it will also be the most influential."--George Akerlof
"In this bold work of intellectual trespass, Paul Collier, a distinguished economist, ventures onto the terrain of ethics to explain what's gone wrong with capitalism and how to fix it. To heal the divide between metropolitan elites and the left-behind, he argues, we need to rediscover an ethic of belonging, patriotism, and reciprocity."--Michael J. Sandel, author of What Money Can't Buy and Justice

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