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In order to examine the possible direction of capitalism the author first identifies the nature of the beast and provides a succinct overview of what it is not. Once he has established how capitalism and the market work in contrast to other coordinative mechanisms in society, such as tradition and command, Heilbroner explores capitalism as both an economic system and a political order and demonstrates how these two interrelate. Finally, after a thorough enquiry into the inner workings of the market system, he briefly describes and compares past scenarios for capitalism proposed by Adam Smith, Karl Marx, John Maynard Keynes, and Joseph Schumpeter, then discusses what might be in store for us in years to come. In a time of growing uncertainty about what lies ahead, this book serves as an introduction to past and present economics and provides food for thought on where we might be heading.
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Economists, practitioners of the dismal science, are little known for their compassion or their profundity, but Robert Heilbroner, author of The Worldly Philosophers, displays both in this sweeping study of the state and future of capitalism. Based on lectures delivered at Massey College, Heilbroner's book argues persuasively that the public sector, far from being a drag on the marketplace, can be "an indispensable source of strength;" that the death of Communism, not just an unalloyed cause for celebration, represents in some ways the end of the ideals of egalitarianism and community; and that there is "a limit beyond which acquisitiveness no longer serves, and may well disserve, the adaptability of the order." A book everyone concerned about more than their next paycheck should read.About the Author:
Robert L. Heilbroner was Norman Thomas Professor of Economics at the New School for Social Research and author of The Worldly Philosophers and many other books.
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Book Description W.W. Norton & Company, 1993. Condition: New. book. Seller Inventory # M0887845347