The Evolution of Modern Capitalism: A Study of Machine Production (Classic Reprint) - Softcover

J. A. Hobson

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9781330341629: The Evolution of Modern Capitalism: A Study of Machine Production (Classic Reprint)

Synopsis

The Evolution of Modern Capitalism: A Study of Machine Production examines how machines, capital, and consumer demand shape today’s economy, from factory floors to the balance between saving and spending.

This classic work explores how expanding capital and new technologies interact with competition and consumer needs. It explains why a thriving economy can still face excess investment, and how social and individual interests can clash in modern markets.

  • How machine production changes workers, wages, and skill requirements
  • Why over-saving or over-investment can disturb the balance between supply and demand
  • The role of competition, corporations, and advertising in shaping production
  • How public policy and social goals interact with business growth
Ideal for readers of economic history, political economy, and those curious about how modern capitalism evolves with new technology and changing consumer tastes.

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