The Oxford Handbook of Capitalism

The New York stock exchange traders' floor (1963)

The Oxford Handbook of Capitalism is a collective economics book published in 2012.

Quotes

  • The most obvious negative feature of capitalism is that it can produce private monopolies that restrict output and thereby harm consumers.
  • Severe inequality undermines political stability, and political stability is foundational for financial market development.
    • Mark J. Roe, "Capital markets and financial politics: preferences and institutions", in Dennis C. Mueller (editor), The Oxford Handbook of Capitalism, Oxford University Press, 2012, page 91 (ISBN 9780195391176).
  • Advertising is an important characteristic of modern capitalism and a contributory factor in the establishment and maintenance of monopoly positions.
    • Keith Cowling and Philip R. Tomlinson, "Monopoly capitalism", in Dennis C. Mueller (editor), The Oxford Handbook of Capitalism, Oxford University Press, 2012, page 303 (ISBN 9780195391176).
  • [...] limits on shareholder democracy correlate with both unusually good and unusually poor corporate performance [...], suggesting that democracy limits both extremes.
  • These efforts to induce dissent in corporate boardrooms are likely to be unpopular with some CEOs, just as discussants and referees were initially controversial in academia. But opposition politicians, counterargument in courts, and referees do seem to deliver better decisions, and so might corporate boardrooms subjected to more shareholder democracy and accountability.

See also

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