The Evolution of American Capitalism – William H. Janeway for PS On Point

William H. Janeway reviews a major new work of economic history spanning the colonial era to the present. [View this message in a web browser]( [PS On Point]( AUGUST 27, 2021 Since the 2008 financial crisis, scholarship offering a "new history of capitalism" has emerged – and not a moment too soon. With both the US economy and macroeconomics poised to begin a new chapter, a proper understanding of the past is urgently needed, writes William H. Janeway of the University of Cambridge. [Read more](. On Point [The Evolution of American Capitalism]( [The Evolution of American Capitalism]( By William H. Janeway Although the American economic system has undergone significant change since colonial times, there are identifiable threads running through the centuries-long narrative. Chief among these are the themes of "liquidity" and state action – both of which can either be a blessing or a curse. [Read more]( [PS. Take 50% off a new subscription with the code SUMMER21]( The Big Picture [The Economic Anti-Consensus]( Featuring Nouriel Roubini, Anne O. Krueger, Dani Rodrik, and more The COVID-19 pandemic and climate change are forcing policymakers and citizens alike to rethink some basic assumptions about economic behavior. Not surprisingly, this has put economists in the cross-hairs, as a growing chorus – within and outside the discipline – challenges longstanding orthodoxies. [Read more]( Say More [An Interview with Sigmar Gabriel]( [An Interview with Sigmar Gabriel]( [Sigmar Gabriel]( puts the lie to the narrative that Germany is a net contributor country in the EU, proposes how Europe should deal with China, and explains what is wrong with the German election campaign. Gabriel is a former foreign minister and vice chancellor of Germany, and Chairman of Atlantik-Brücke. [Read more]( Previously in On Point [The Opportunity in Aging]( [The Opportunity in Aging]( By Mona Mourshed With the pandemic and technological change upending labor markets around the world, midcareer workers over 45 increasingly find themselves out in the cold. But this neglect is not only morally wrong and socially risky; it also represents a massive missed economic opportunity. [Read more]( [Special-Edition Magazine: Back to Health]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.