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Capitalism, Alone: The Future of the System That Rules the World by [Branko Milanovic]
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Capitalism, Alone: The Future of the System That Rules the World Kindle Edition

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Editorial Reviews

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“A brilliant sequel to the pathbreaking Global Inequality. Drawing on original research and a typically wide sweep of history, Branko Milanovic poses all the important questions about our future.”Gordon Brown, former Prime Minister of the United Kingdom

“Branko Milanovic, a master economic statistician, here divides modern capitalism broadly into two versions: the ‘liberal’ one found in the West, and the ‘political’ one that has emerged in China. In this searching and richly argued work he weighs the choices we face and discusses whether the future may lie with one version, alone.”James K. Galbraith, author of The End of Normal

“Leaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching.”Edward Luce, Financial Times

“Countries with larger tax cuts experienced bigger increases in inequality… [The consequences] are richly detailed in Capitalism, Alone… Builds on Milanovic’s previous book, Global Inequality… Ideally the two should be read together… [Milanovic] belongs to a new generation of data-driven economists who have helped track what has happened to income distribution in recent years.”Liaquat Ahamed, New Yorker

“Milanovic outlines a taxonomy of capitalisms and traces their evolution from classical capitalism before 1914, through the social-democratic capitalism of the mid-20th century, to ‘liberal meritocratic capitalism’ in much of the rich world, in particular America. He contrasts this with the ‘political capitalism’ found in many emerging countries, with China as the exemplar. These two capitalistic forms now dominate the global landscape. Their co-evolution will shape world history for decades to come.”The Economist

“Few economists can compete with [Milanovic’s] stunning erudition, or with his skill in weaving together seemingly disparate figures with complex philosophical ideas to produce a coherent thesis that feels highly relevant to our troubled times. Capitalism, Alone is one of the most ambitious economics books published this year, in terms of its breadth and scope, and definitely one of the most fascinating.”ProMarket

“A remarkable book, possibly the author’s most comprehensive opus so far…I highly recommend Capitalism, Alone to all readers and scholars interested in challenging their understanding of the (supposed) sole socio-economic system we live in.”Roberto Iacono, LSE Review of Books

“An extraordinarily valuable book for anyone who wants to gain an understanding of current topics in economic research and their bearing on policy debates.”Matt Mazewski, Commonweal

“May turn out to be a seminal work on the fin de siècle de capitalisme…His conclusions and concepts, make extraordinary contributions to considerations of the state of capitalism.”Business Day

“A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured. The amoral pursuit of profit in more liberal capitalist societies has eroded the ethical norms that help sustain openness and democracy, he argues; now that tendency threatens to push such places in the direction of more authoritarian capitalist societies, such as China.”The Economist --This text refers to the hardcover edition.

About the Author

Branko Milanovic is Visiting Presidential Professor and Core Faculty at the Stone Center on Socio-Economic Inequality at the Graduate Center, City University of New York. He was formerly Lead Economist in the World Bank’s research department. His books include Global Inequality (Harvard) and The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality. --This text refers to the hardcover edition.

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Reviewed in the United States on December 8, 2019
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Top international reviews

Honky Tonk Woman
5.0 out of 5 stars Capitalism, Alone
Reviewed in the United Kingdom on November 6, 2019
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Vlad Thelad
4.0 out of 5 stars Powerful fact-based analysis
Reviewed in Canada on December 26, 2019
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5.0 out of 5 stars Capitalismo y desigualdad
Reviewed in Mexico on April 15, 2020
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5.0 out of 5 stars tutto secondo aspettative
Reviewed in Italy on December 7, 2019
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3.0 out of 5 stars Nice
Reviewed in Germany on January 3, 2020
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Diego garrido escartin
5.0 out of 5 stars Excelente
Reviewed in Mexico on November 10, 2019
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5.0 out of 5 stars A must read
Reviewed in Germany on February 25, 2020
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