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Two systems of governance, capitalism and democracy, prevail in the world today. Operating simultaneously in partially distinct domains, these systems rely on i
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Few economists can claim the influence—or fame—of F. A. Hayek. Winner of the Nobel Prize, Hayek was one of the most consequential thinkers of the twentieth
Economy and Society
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The textbook explains the emergence, evolution, and working of the capitalist system with the help of some of the major principles and theories of economics. It
Evolutions of Capitalism
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This ambitious collection follows the evolution of capitalism from its origins in 13th-century European towns to its 16th-century expansion into Asia, Africa an
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A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point