October 28, 2008
by Hudson Institute
The New Capitalism, Stelzer writes, is characterized by reforms designed to reduce individual and systemic risk. It reflects growing unease with the effects of free trade and excessive executive compensation. "Free-market capitalism as we have known it since the last round of reforms during Franklin Roosevelt's New Deal is gone," Stelzer says. "It is being replaced by a New Capitalism."
"Drawing on the foresighted analysis that is Stelzer's forte, 'The New Capitalism' portends a new era of increased regulation and protectionism and a greater focus on equity. It is a must read for all concerned about the future of economic policy," Hudson CEO Kenneth Weinstein said.
Irwin Stelzer is Director of Economic Policy Studies at Hudson Institute, a contributing editor to the Weekly Standard, a columnist for the Sunday Times (
Please visit www.hudson.org to download a copy of "The New Capitalism."
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