The Oxford Handbook of Capitalism

The financial crisis that began in 2008 and its lingering aftermath have caused many intellectuals and politicians to question the virtues of capitalist systems. The 19 original essays in this Handbook, written by leading scholars from Asia, North America, and Europe, analyze both the strengths and weaknesses of capitalist systems.

Preface ; Introduction: Capitalism: The Good, the Bad, and the Ugly, Dennis C. Mueller, University of Vienna ; I. Origins ; 1. The Modern Capitalist World Economy: A Historical Overview, Jeffry A. Frieden (Harvard Law School) ; 2. Legal Institutions and Economic Development, Thorsten Beck (Tilburg University) ; 3. Capital Markets and Financial Politics: Preferences and Institutions, Mark Roe (Harvard University) ; II. The Nature of Capitalism ; 4. The Four Types of Capitalism, Innovation, and Economic Growth, William J. Baumol (New York University and Princeton University), Robert E. Litan, Carl J. Schramm (Kauffman Foundation) ; 5. The Dynamics of Capitalism, F. M. Scherer (Harvard University) ; III. The Institutions of Capitalism ; 6. Capital Markets, Thorsten Beck (Tilburg University) ; 7. Property Rights and Capitalism, Paul Rubin and Tilman Klumpp (Emory University) ; 8. Management and Governance of the Business Enterprise: Agency, Contracting, and Capabilities Perspectives, David J. Teece (University of California, Berkeley) ; 9. Contracts, Victor Goldberg (Columbia Law School) ; IV. Problems with Capitalism ; 10. Capitalism as a Mixed Economic System, Richard Nelson (Columbia University) ; 11. Monopoly Capitalism, Keith Cowling (University of Warwick) and Philip R Tomlinson (University of Bath) ; 12. Agency Problems and the Fate of Capitalism, Randall Morck (University of Alberta) and Bernard Yeung (National University of Singapore) ; 13. The Governance of Executive Compensation, Martin J. Conyon (The Wharton School) ; 14. Bubbles in Asset Prices, Burton G. Malkiel (Princeton University) ; 15. Mergers and the Market for Corporate Control, Dennis C. Mueller (University of Vienna) ; V. Capitalism and the State: Different Approaches ; 16. Dispersed Ownership:The Theories, The Evidence, and the Enduring Tension Between "Lumpers" and "Splitters", John C. Coffee (Columbia Law School) ; 17. The East Asian (mostly Japanese) Model of Capitalism, Hiroyuki Odagiri (Seijo University) ; VI. Wither Capitalism? ; 18. Refounding Capitalism, Edmund Phelps (Columbia, University)