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FinFacts - Ireland:
Capitalism entering a new era of lower risk tolerance, higher regulation and slower growth

18 May 2009

In a new report, Risk and regulation: A new era for capitalism, sponsored by Dubai Holding, the Economist Intelligence Unit finds that almost 60% of 418 global senior executives surveyed agree that the current crisis has “fundamentally changed” capitalism. Richard Layard (Wellbeing Programme, Centre for Economic Performance) quoted:
“We do not want communism… the communist countries were the least happy in the world and also inefficient. But we do need a more humane brand of capitalism, based not only on better regulation but better values.”- Richard Layard, founder, London School of Economics, The Centre for Economic Performance

This article appeared in FinFacts - Ireland on May 18, 2009
Link to article

Related Publications
'The Marginal Utility of Income', Richard Layard, Guy Mayraz and Stephen Nickell, Centre for Economic Performance Discussion Paper No.784, March 2007
Tackling Unemployment: Europe's Successes and Failures, Richard Jackman, Richard Layard and Stephen Nickell, CentrePiece Vol.10, Issue 1, Spring 2005
CEP Special Report Investment Prospects In Russia by Richard Layard and George Lucas, February 1997
Abstract

Related Links
Richard Layard webpage
Wellbeing Programme webpage
Labour Markets Programme webpage