Welcome to the Center on Capitalism and Society
In response, the Center on Capitalism and Society is endeavoring to build a modern economics of the workings of modern economies – how they get their dynamism, how they promote economic inclusion and how the imperfect knowledge on which they operate opens them to healthy booms yet also to unhealthy booms and ensuing slumps. (See our Mission statement.) On these questions, work at the Center has already produced insights over this decade.
In its early years, following America's brilliant innovation and joyous boom of the late 1990s, the Center saw modern capitalism to be the exemplar of economic dynamism. The recent crisis may not alter that judgment yet it has cast light on ways in which the financial sector may have diminished the economy’s dynamism and exacerbated the economy's speculative excesses. The Center has been studying a restructure of the financial sector that would make it less accommodative and less vulnerable to speculative swings and make it once again a key contributor to the dynamism and inclusion of the business sector.
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Volume 9, Issue 1 of the Center's journal, Capitalism & Society, is now available via SSRN. This issue includes essays by Jing Wu, Yongheng Deng, Jun Huang, Randall Morck, Bernard Yin Yeung, Enrico C. Perotti, Yasheng Huang, Matthew E. Kahn and Julian R. Franks.
The Center on Capitalism and Society will hold its 12th conference in New York City on Thursday, November 6. This joint conference with Common Good will explore the extent, the causes and the effects of regulation and, more generally, social protection in the American economy.
The Center on Capitalism and Society will hold its 13th conference in Brussels on Friday, November 21. This joint conference with the Centre for European Policy Studies will discuss the most crucial things Europe must do to regain the high prosperity of many decades ago.
The Center's 11th Annual Conference, "Dynamism and Innovation in the West: Has a Decline Set In?," was held on September 16, 2013 at Columbia University. For papers, presentations, and photos, click here.
Edmund Phelps, Director
Mark C. Taylor
Saifedean H. Ammous
Hian Teck Hoon
Juan V. Sola
Center on Law and Economics, University of Buenos Aires
New Huadu Economics and Management Institute