What works best, argue the authors, is a mix of big-firm capitalism and entrepreneurial capitalism.
Third, big-firm capitalism, in which the main economic activities are carried out by established giant enterprises.
And America, they say, is in danger of stifling its own entrepreneurial capitalism through the same increased regulation and risk-aversion that led to the dominance of big-firm capitalism in America in the 1960s and 1970s.
There are no quick fixes, but over time the right policies can make a big difference, as can the wrong policies.The authors argue that continental Europe and Japan, currently dominated by big-firm capitalism, can increase the role of entrepreneurial capitalism perhaps, ironically, by learning from the incremental approach to reform of the Chinese government.
His attacks on "vulture capitalists" like his rival Mitt Romney's former firm, Bain Capital, damage his own party and capitalism itself.
But for Mr Schuler the shift from family firm to shareholder capitalism has gone too far.
That trend certainly reinforced my firm dislike of capitalism.
There was even a conference held in May in San Francisco called Share that aimed to "catalyze the sharing economy" and was sponsored by responsible capitalism firm SOCAP and sharing economy advocacy group Peers.
The best economies, say the authors, blend big-firm and entrepreneurial capitalism.
He authored several books on economics, including The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting (1985) and The Mechanisms of Governance (1996).
In rescuing Bear, they had acknowledged the reality that, in a world of highly leveraged, massively interconnected financial capitalism, firms at the hub of the system can't be allowed suddenly to implode; the collateral damage is too great.
