An Introduction to Capitalism

Paul Swanson

ISBN 10: 0415779081 ISBN 13: 9780415779081

Published by Routledge October 2012, 2012

Language: English

Condition: Used - Very good Soft cover

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Bibliographic Details

Title

An Introduction to Capitalism

Publisher

Routledge October 2012

Publication Date

2012

Language

English

ISBN 10

0415779081

ISBN 13

9780415779081

Binding

Trade Paperback

Condition

Used - Very Good

Seller catalogs

Business/Economics

About this title

Synopsis

Embedded in an historical account of the development of U.S. capitalism up to the present day, this book gives the reader a thorough description of the major aspects of the U.S. economy, as well as a theoretical understanding of the overall economy. A particular focus of this book is how free markets work in capitalism and the interrelationship between markets and the government. Of particular interest in the current economic situation is the question of what can the government do to get the economy going again.

Underlying the standard economics text today is the fundamental belief that leaving markets as free as possible will lead to the ideal economy. Directly opposing this approach, this book takes a critical stance toward free markets. Rather than viewing markets as the ideal solution to almost all economic problems, this book argues that markets are not always the answer. On the contrary, they are often the problem, and must be corrected by government action. Related to this critical stance, and in a further departure from current economics texts, this book takes an explicitly Keynesian approach to the macro-economy. Rejecting the free market approach which dominates both micro- and macro-economics today, this book offers a fresh perspective on economics and the economy today.

About the Author

Paul Swanson is Associate Professor of Economics at William Paterson University, USA

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