Gerhard Schwarz Recommends “Why Capitalism?” by Allan H. Meltzer

  • Gerhard SchwarzEmail author


The book presented here brings neither an important theoretical breakthrough nor an original idea, but it gives a stimulating answer to a fundamental question, asked after the subprime crisis of 2008 even by many lukewarm supporters of the market economy. It is written by an outstanding economist, Allan H. Meltzer (1928–2017), who due to his modesty, seriousness, and unwillingness to produce headlines is less known and estimated than he deserves.


  1. Meltzer, A. H. (2012). Why capitalism? Oxford: Oxford University Press.Google Scholar

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© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Progress FoundationZurichSwitzerland

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