Hartmut Elsenhans

Anne Henow

Journal of Post Keynesian Economics, 2016, vol. 39, issue 1, 142-144

Abstract: Hartmut Elsenhans's Saving Capitalism from the Capitalists presents an intriguing argument: capitalist elites have induced unsustainable capitalism to the disadvantage of labor and the system as a whole. The author proposes a fairly unconventional solution. He suggests that democratic socialism can be the necessary political complement to our capitalist system. By drawing on the socialist capacity to empower labor and increase mass consumption, we could achieve a more balanced and sustainable capitalism. The book is ideally suited for readers of Keynesian and post Keynesian analysis on contemporary capitalism and it fits in the discourse on problems of low income growth, declining demand, and investment opportunities in major world economies.

Date: 2016
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DOI: 10.1080/01603477.2016.1145552

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