Towards a Capitalist Manifesto
Full access
Acemoglu, Daron and David Autor (2011), ‘Skills, Tasks and Technologies: Implications for Employment and Earnings’, in Orley Ashenfelter and David Card (eds), Handbook of Labor Economics, Vol. 4, Amsterdam: Elsevier, pp. 1043‒171.
Acemoglu, Daron and James A. Robinson (2012), Why Nations Fail: TheOrigins of Power, Prosperity, and Poverty, New York: Crown Publishers.
Alchian, Armen A. and William R. Allen (1977), Exchange and Production:Competition, Coordination, and Control, 2nd edition, Belmont, CA: Wadsworth Publishing Company.
Alchian, Armen A. and Harold Demsetz (1977 [1972]), ‘Production, Information Costs and Economic Organization’, in Armen A. Alchian, Economic Forces at Work, Indianapolis, IN: Liberty Press, pp. 73–110; originally published (1972) in American Economic Review, 62(5), 777–95.
Amsden, Alice H. (1989), Asia’s Next Giant, Oxford: Oxford University Press.
Angeles, Luis (2011), ‘Institutions, Property Rights, and Economic Development in Historical Perspective’, Kyklos, 64(2), 157–77.
Arthur, Brian, Steven Durlauf and David Lane (1997), ‘Process and Emergence in the Economy’, in B. Arthur, S. Durlauf and D. Lane (eds), The Economy as an Evolving Complex System II, Reading, MA: Addison Wesley, pp. 1‒14.
Axelrod, Robert (1984), The Evolution of Cooperation, New York: Basic Books.
Ayres, Clarence E. (1944), The Theory of Economic Progress, Chapel Hill, NC: University of North Carolina Press.
Barro, Robert (1997), Determinants of Economic Growth: A Cross-Country Empirical Study, Cambridge, MA: MIT Press.
Becker, Gary (1981), A Treatise on the Family, Cambridge, MA: Harvard University Press.
Beinhocker, Eric (2006), The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics, Boston, MA: Harvard Business School Press.
Buchanan, James M. (1964), ‘What Should Economists Do?’, Southern Economic Journal, 30(3), 213–22.
Chandler, Alfred D., Jr (1977), The Visible Hand: The Managerial Revolution in American Business, Cambridge, MA, USA and London, UK: Belknap Press of Harvard University Press.
Chang, Ha-Joon (2002), Kicking Away the Ladder: Development Strategy in Historical Perspective, London: Anthem Press.
Clark, Gregory (2007), A Farewell to Alms: A Brief Economic History of the World, Princeton, NJ: Princeton University Press.
Coase, Ronald H. (1937), ‘The Nature of the Firm’, Economica, 4(16), 386–405.
Coase, Ronald H. (1960), ‘The Problem of Social Cost’, Journal of Law and Economics, 3, 1–44.
Colander, David (ed.) (2000a), Complexity and the History of EconomicThought, London, UK and New York, USA: Routledge.
Colander, David (ed.) (2000b), The Complexity Vision and the Teaching of Economics, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing.
Corning, Peter A. (1998), ‘The Synergism Hypothesis: On the Concept of Synergy and Its Role in the Evolution of Complex Systems’, Journal of Social and Evolutionary Systems, 21(2), 133–72.
Corning, Peter A. (2002), ‘The Re-Emergence of “Emergence”: A Venerable Concept in Search of A Theory’, Complexity, 7(6), 18–30.
Cowen, Tyler (2011), The Great Stagnation, New York: Dutton.
Cox, Harvey (1999), ‘The Market as God: Living in the New Dispensation’, Atlantic Monthly, March, accessed 1 June 2016 at
Dahl, Robert (1985), A Preface to Economic Democracy, Cambridge: Polity Press.
Dawkins, Richard (1976), The Selfish Gene, Oxford: Oxford University Press.
Dawkins, Richard (1986), The Blind Watchmaker, New York: W.W. Norton & Company.
Demsetz, Harold (1974), ‘Two Systems of Belief about Monopoly’, in Harvey J. Goldschmid, H. Michael Mann and J. Fred Weston (eds), Industrial Concentration: The New Learning, Boston, MA: Little Brown, pp. 164‒84.
Demsetz, Harold (2008), From Economic Man to Economic System: Essays on Human Behavior and the Institutions of Capitalism, Cambridge, MA: Cambridge University Press.
De Rivero, Oswaldo (2001), The Myth of Development: Non-viable Economics of the 21st Century, translated by Claudia Encinas and Janet Herrick Encinas, New York: Zed Books.
Drobak, John N. and John V.C. Nye (1997), The Frontiers of the New Institutional Economics, San Diego, CA: Harcourt Brace Jovanovich.
Easterly, William (2002), The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics, Cambridge, MA: MIT Press.
Easterly, William (2006), The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good, New York: Penguin.
Eggertsson, Thrainn (1990), Economic Behavior and Institutions, Cambridge, MA: Cambridge University Press.
El-Erian, Mohamed A. (2010), ‘Navigating the New Normal in Industrial Countries’, The Per Jacobsson Lecture, Washington, DC: Per Jacobsson Foundation.
El-Erian, Mohamed A. (2016), The Only Game In Town, New York: Random House
Friedman, Milton (1953), ‘The Methodology of Positive Economics’, in Milton Friedman (ed.), Essays in Positive Economics, Chicago, IL: University of Chicago Press, pp. 3–43.
Fukuyama, Francis (1989), ‘The End of History?’, National Interest, 16, 3–18.
Furubotn, Eirik and Rudolf Richter (1997), Institutions and Economic Theory: The Contribution of the New Institutional Economics, Ann Arbor, MI: University of Michigan Press.
Gleick, James (1987), Chaos: Making a New Science, New York: Viking.
Gneezy, Uri and John A. List (2013), The Why Axis: Hidden Motives and the Undiscovered Economics of Everyday Life, New York: Public Affairs.
Gordon, Robert J. (2016), The Rise and Fall of American Growth: The US Standard of Living since the Civil War, Princeton, NJ: Princeton University Press.
Harari, Yuval N. (2015), Sapiens: A Brief History of Humankind, New York: Harper Collins Publishers.
Harriss, John, Janet Hunter and Colin M. Lewis (eds) (1995), The New Institutional Economics and Third World Development, London: Routledge.
Hausman, Jerry A. and Gregory K. Leonard (1997), ‘Superstars in the NBA: Economic Value and Policy’, Journal of Labor Economics, 14(4), 586–624.
Hayek, Friedrich Von (1948), Individualism and Economic Order, Chicago, IL: University of Chicago Press.
Hayek, Friedrich Von (1982), Law, Legislation and Liberty, Vols I and II, London: Routledge & Kegan Paul.
Hayek, Friedrich Von (1984 [1968]), ‘Competition As a Discovery Procedure’, in Nishiyama Chiaki and Kurt R. Leube (eds), The Essence of Hayek, Stanford, CA: Hoover Institution Press.
Hedengren, David, Daniel B. Klein and Carrie Milton (2010), ‘Economist Petitions: Ideology Revealed’, Economic Journal Watch, 7(3), 288–319.
Helpman, Elhanan (2004), The Mystery of Economic Growth, Cambridge, MA, USA and London, UK: Belknap Press of Harvard University Press.
Henrekson, Magnus and Ulf Jakobsson (2001), ‘Where Schumpeter was Nearly Right ‒ the Swedish Model and Capitalism, Socialism and Democracy’, Journal of Evolutionary Economics, 11(3), 331–58.
Johnson, Chalmers A. (1982), MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925–1975, Stanford, CA: Stanford University Press.
Jwa, Sung-Hee (2002a), The Evolution of Large Corporations in Korea: A New Institutional Economics Perspective of the Chaebol, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing.
Jwa, Sung-Hee (2002b), ‘Why Firms and Markets?’, Seoul Journal of Economics, 15(2), 277–94.
Jwa, Sung-Hee (2003), ‘In Search of “Global Standards”: The Fallacy of Korea’s Corporate Policy’, Harvard Asia Quarterly, 7(2), 45–52.
Jwa, Sung-Hee (2006), A New Wealth of Nations, Seoul: New Information Publisher (in Korean).
Jwa, Sung-Hee (2008a), ‘“MBnomics”: A Review and the Road Ahead’, International Journal of Korean Affairs, 12(1), 83–100.
Jwa, Sung-Hee (2008b), A New Paradigm of Development Economics, Seoul: Yoolgock Publishers Co. (in Korean).
Jwa, Sung-Hee (2012), Philosophical Basis for Economic Development, Seoul: Seoul National University Press (in Korean).
Jwa, Sung-Hee and Sangyeon Hwang (2009), ‘A New Interpretation of the Origin of the Subprime Mortgage Crisis: The Failure of Anti-Market Government Intervention’, paper presented at the Beijing Forum 2009, Beijing.
Jwa, Sung-Hee and In Kwon Lee (eds) (2004), Competition and Corporate Governance in Korea: Reforming and Restructuring the Chaebol, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing.
Jwa, Sung-Hee and Yong Yoon (2004a), ‘Political Institutions and Economic Development: A Study in Economic Discrimination and Political Philosophy’, Seoul Journal of Economics, 17(3), 275–307.
Jwa, Sung-Hee and Yong Yoon (2004b), ‘A New Look at Development Economics through Korea’s Experience: The Paradox of Economic Development’, paper presented at the 2004 KDI-KAEA Conference, Seoul.
Jwa, Sung-Hee and Yong Yoon (2012), ‘Economic Development and Institutions’, in Young B. Choi (ed.), Institutional Economics and National Competitiveness, London: Routledge & Kegan Paul, pp. 216–29.
Kahneman, Daniel and Amos Tversky (1979), ‘Prospect Theory: An Analysis of Decision under Risk’, Econometrica, 47(2), 263–92.
Kuznets, Simon (1955), ‘Economic Growth and Income Inequality’, American Economic Review, 45(1), 1‒28.
Landes, David S. (1998), The Wealth and Poverty of Nations: Why SomeAre So Rich and Some So Poor, New York: Norton.
Levitt, Steven D. and Stephen J. Dubner (2005), Freakonomics: A RogueEconomist Explores the Hidden Side of Everything, New York: William Morrow.
Lorenz, Edward Norton (1972), ‘Predictability: Does the Flap of a Butterfly’s Wings in Brazil Set Off a Tornado in Texas?’, lecture presented before the American Association for the Advancement of Science.
Lucas, Robert (1976), ‘Econometric Policy Evaluation: A Critique’, Carnegie-Rochester Conference Series on Public Policy, 1(1), 19–46.
Lucas, Robert (1995), ‘Robert E. Lucas, Jr – Prize Lecture: Monetary Neutrality’,, Nobel Media AB 2014. Web. 4 October 2016, accessed 1 June 2016 at
Ma, Hong (2005), ‘Korean Economic Development from the Chinese Perspective’, in Cho Lee-Jay (ed.), Korean Modernization as the Process of a Miracle, Seoul: Chosun Monthly, pp. 543‒54 (in Korean).
Mankiw, N. Gregory (2013), ‘Defending the One Percent’, Journal ofEconomic Perspectives, 27(3), 21–34.
Marshall, Byron K. (1967), Capitalism and Nationalism in Prewar Japan:The Ideology of the Business Elite, 1868–1941, Stanford, CA: Stanford University Press.
Marx, Karl (1977 [1867]), Das Kapital, translated by Ben Fowkes (Vol. I) and David Fernbach (Vols II and III), London: Penguin.
Maury, Jean-Pierre (1992), Newton: Understanding the Cosmos, London: Thames & Hudson.
Micklethwait, John and Adrian Wooldridge (2003), The Company: A ShortHistory of a Revolutionary Idea, New York: Modern Library.
Minami, Ryoshin (1986), The Economic Development of Japan:A Quantitative Study, Hong Kong: Macmillan Press.
Morishima, Michio (1982), Why Has Japan ‘Succeeded’? WesternTechnology and the Japanese Ethos, Cambridge: Cambridge University Press.
North, Douglass (1990), Institutions, Institutional Change and EconomicPerformance, Cambridge: Cambridge University Press.
North, Douglass (1992a), Transaction Costs, Institutions, and EconomicPerformance, San Francisco, CA: International Center for Economic Growth.
North, Douglass (1992b), ‘Institutions, Ideology, and Economic Performance’, Cato Journal, 11(3), 477–96.
North, Douglass and Barry Weingast (1989), ‘Constitution and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England’, Journal of Economic History, 49(4), 803–32.
Ohno, Kenichi (2005), The Path Traveled by Japan as a Developing Country: Economic Growth from Edo to Heisei, translated from ‘Tojokoku Nippon no Ayumi: Edo kara Heisei madeno Keizai Hatten’, Tokyo: Yuhikaku Publishing Co.
Penrose, Edith (1952), ‘Biological Analogies in the Theory of the Firm’, American Economic Review, 42(5), 804–19.
Penrose, Edith (1953), ‘Rejoinder to the Reply of A.A. Alchian’, American Economic Review, 43(4), 600–609.
Penrose, Edith (1959), The Theory of the Growth of the Firm, New York: John Wiley & Sons.
Piketty, Thomas (2014), Capital in the Twenty-First Century, Cambridge, MA: Harvard University Press.
Rawls, John (1971), A Theory of Justice, Cambridge, MA: Harvard University Press.
Reich, Robert B. (2007), Supercapitalism: The Transformation of Business,Democracy, and Everyday Life, New York: Alfred A. Knopf.
Robbins, Lionel (1932), The Nature and Significance of Economic Science, London: Macmillan & Company.
Rodrik, Dani (2004), ‘Industrial Policy for the Twenty-First Century’, a paper prepared for UNIDO, accessed 1 June 2016 at
Rodrik, Dani (2008), ‘Normalizing Industrial Policy’, a paper prepared for the Commission on Growth and Development, accessed 1 June 2016 at
Rodrik, Dani (2011), ‘Perspectives on the New Industrial Policy’, presentation at the International Conference on Rethinking Industrial Policy in the Era of Global Socio-Economic Restructuring Organized by the Korea Institute for Industrial Economics and Trade, Seoul, 13 December.
Rosser, Barkley, Jr (ed.) (2004), Complexity in Economics, Vols I‒III, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing.
Sachs, Jeffrey D. (2005), The End of Poverty: Economic Possibilities for Our Time, New York: Penguin Press.
Sachs, Jeffrey D. (2008), Common Wealth: Economics for a Crowded Planet, New York: Penguin Press.
Schumpeter, Joseph (1942), Capitalism, Socialism, and Democracy, New York: Harper & Row.
Schumpeter, Joseph A. (1974 [1934]), The Theory of Economic Development, translated by Redvers Opie, Oxford: Oxford University Press.
Sen, Amartya (2000), Development as Freedom, Oxford: Oxford University Press.
Shannon, C.E. and W. Weaver (1949), The Mathematical Theory ofCommunication, Urbana, IL: University of Illinois Press.
Shiller, Robert J. (2008), The Subprime Solution, Princeton, NJ: Princeton University Press.
Simon, Herbert A. (1991), ‘Organization and Market’, Journal of Economic Perspectives, 5(2), 25–44.
Smiles, Samuel (2008 [1859]), Self Help; With Illustrations of Conduct andPerseverance, Rockville, MD: Serenity Publishers.
Smith, Adam (1910 [1776]), The Wealth of Nations, London: J.M. Dent & Sons.
Solow, Robert M. (1956), ‘A Contribution to the Theory of Economic Growth’, Quarterly Journal of Economics, 70(1), 65–94.
Stiglitz, Joseph E. (2012), The Price of Inequality: How Today’s DividedSociety Endangers Our Future, New York: W.W. Norton & Co.
Summers, Lawrence H. (2014), ‘US Economic Prospects: Secular Stagnation, Hysterisis, and the Zero Lower Bound’, Business Economics, 49(2), 65–73.
Summers, Lawrence H. (2016), ‘The Age of Secular Stagnation: What It Is and What to Do About It’, Foreign Affairs, March/April, 2–9.
Tang, Yijie (2015), Confucianism, Buddhism, Daoism, Christianity and Chinese Culture, Heidelberg: Springer.
Tversky, Amos and Daniel Kahneman (1981), ‘The Framing of Decisions and the Psychology of Choice’, Science, New Series, 211(4481), 453–58.
Wade, Robert H. (2012), ‘Return of Industrial Policy?’, InternationalReview of Applied Economics, 26(2), 175–91.
Weiner, Jonathan (1994), The Beak of the Finch: A Story of Evolution inOur Time, New York: Alfred A. Knopf.
Welch, Jack (2005), Winning, New York: Harper Business.
Williamson, John (1989), ‘What Washington means by policy reform’, in John Williamson (ed.), Latin American Readjustment: How Much has Happened, Washington, DC: Institute for International Economics, pp. 7‒20.
Williamson, Oliver E. (1975), Markets and Hierarchies: Analysis and Antitrust Implications, New York: Free Press.
World Bank (1993), The East Asian Miracle: Economic Growth and Public Policy, New York: Oxford University Press.
World Bank (2016), World Development Indicators Online, database, data retrieved 2 March 2016.
Yergin, Daniel and Joseph Stanislaw (1998), The Commanding Heights: The Battle for the World Economy, New York: Simon & Schuster.