'The book is a stimulating and well-organized version of some probable developments in United States capitalism between now and 2050. The method used by the author is modest, sober, and realistic. He is skeptical about 'futurology' and makes ample use of numerous forecasts made in days gone by to demonstrate how wrong they were. Within this cautiously constrained framework, he rejects what he regards as extreme views, such as the 'end of history' (i.e. unchanging US capitalism) or the 'end of capitalism' and seeks rather to outline the most probable changes within an American capitalist economy, which is still quite recognizable as a descendant from the present system. The book is superior to any other recent publication of which I am aware.' Chris Freeman, Emeritus, Science Policy Research Unit, University of Sussex

• Acknowledgements; Part I. Introduction: 1. Setting the stage; Part II. Internal Influences on the Economic System: 2. Saving and economic growth; 3. Economic fluctuations and financial crises; 4. Economic inequality; 5. Globalization; Part III. External Influences on the Economic System: 6. Natural resources and the environment; 7. Social factors; 8. Political factors; Part IV. Changes in Crucial Economic Institutions and Organizations: 9. Evolution of business enterprises; 10. Evolution of market competition; 11. Evolution of government regulation and ownership; 12. Evolution of government spending; Part V. Summary: 13. Whither US capitalism?; Appendices; Bibliography; Indexes.

'The book is a stimulating and well-organized version of some probable developments in United States capitalism between now and 2050. The method used by the author is modest, sober, and realistic. He is skeptical about 'futurology' and makes ample use of numerous forecasts made in days gone by to demonstrate how wrong they were. Within this cautiously constrained framework, he rejects what he regards as extreme views, such as the 'end of history' (i.e. unchanging US capitalism) or the 'end of capitalism' and seeks rather to outline the most probable changes within an American capitalist economy, which is still quite recognizable as a descendant from the present system. The book is superior to any other recent publication of which I am aware.' Chris Freeman, Emeritus, Science Policy Research Unit, University of Sussex

• Acknowledgements; Part I. Introduction: 1. Setting the stage; Part II. Internal Influences on the Economic System: 2. Saving and economic growth; 3. Economic fluctuations and financial crises; 4. Economic inequality; 5. Globalization; Part III. External Influences on the Economic System: 6. Natural resources and the environment; 7. Social factors; 8. Political factors; Part IV. Changes in Crucial Economic Institutions and Organizations: 9. Evolution of business enterprises; 10. Evolution of market competition; 11. Evolution of government regulation and ownership; 12. Evolution of government spending; Part V. Summary: 13. Whither US capitalism?; Appendices; Bibliography; Indexes.