Capitalism and the Market Economy

Autorentext

The collective pseudonym Jonathan McMillan represents a banker and an economist. The banker has worked for a multinational financial institution out of Zurich, New York, and London for fifteen years. The pseudonym is used because of this author's position. The other author is Jürg Müller, the economist. In his academic research, he has investigated the impact of banking regulation on macroeconomic stability and welfare. He is now the director and CEO of Avenir Suisse, the largest think tank in Switzerland.

Klappentext

The Beginning of a New Economic Order What is capitalism? Most people would describe it as a free-market economy. But this description falls short. And it prevents us from tackling one of the most important questions of our time: What is wrong with capitalism, and how can we fix it? In this trailblazing book, Jonathan McMillan provides a corrective to certain deeply held but misguided economic beliefs. Offering a novel perspective on capitalism, he exposes a fundamental flaw in our financial architecture. It becomes clear: Neither more regulation nor better technology will relieve our economic woes. McMillan then provides what is so missing from current debates. He puts the troubles with banking into a bigger context to develop a radical yet thoughtful reform proposal. Our economic order must change, and Capitalism and the Market Economy provides the playbook to do so.