Books by Michael Kinsley

This is one of the economics books that is a joy to read. The book is about the term "Creative Capitalism", a term introduced by Bill Gates to describe a new system that is meant to generate profits while helping to alleviate the suffering of the poor and the helpless in the world. Different economists air their views on the subject.

One of the main threads of discussion was whether the term "creative capitalism" is meaningful. Isn't capitalism already creative? Some economists object to this term because it implies that the present capitalism is insufficient in addressing poverty and other development problems. The discussion also centers around the social responsibilities of a corporation. Should a corporation be concerned only with profits for shareholders and leaving matters of charity, equality and development to individuals and the democratic systems? Does it have other obligations to society? What are the stakeholders for a corporation other than its shareholders?

The book covers a lot of ground not through one particular person's point of view, but through many different perspectives from all parts of the economic spectrum. As the world moves towards addressing the important challenges of this century (poverty, disease, and climate change), you will continue to hear and read more about this topic.

Tags: economics