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- DescriptionThe neoliberalism that has dominated ecomic thinking since Mrs Thatcher and Ronald Reagan first came to power is w seen to have serious flaws, and 'Progressive Capitalism' seeks to replace it with a new, Progressive political ecomy. This is based on an analysis of why the growth rates of countries differ, and what firms have to do to achieve competitive advantage in today's global ecomy. The cornerstone of the political ecomy of Progressive Capitalism is a belief in capitalism. But it also incorporates the three defining beliefs of Progressive thinking. These are: the crucial role of institutions the need for the state to be involved in their design because conflicting interests have to be resolved and the use of social justice as an important measure of a country's ecomic performance. Social justice, defined as fairness, is used as a measure of performance in addition to the rate of ecomic growth and liberty. Progressive Capitalism shows how this new, Progressive political ecomy can be used by politicians and policymakers to produce a programme of ecomic reform for a country. It does this by analysing and proposing reforms for the UK's equity markets, its system of corporate governance, its national system of invation and its education and training system. Finally, Progressive Capitalism describes the role the state should play in the ecomy, which it sees as an enabling one rather than the command-and-control stance of traditional socialism or the minimalist role of neoliberalism.
- Author BiographyDavid Sainsbury was Finance Director of J. Sainsbury plc from 1973 - 1990, Deputy Chairman from 1988 - 1992, and Chairman from 1992 - 1998. He became Lord Sainsbury of Turville in October 1997 and served as Minister of Science and Innovation from July 1998 until November 2006. He is the Chancellor of the University of Cambridge.
- Author(s)David Sainsbury
- PublisherBiteback Publishing
- Date of Publication22/04/2013
- SubjectEconomics: Professional & General
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- ImprintBiteback Publishing
- Content NoteIllustrations
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