Understanding Capitalism
Format: Paperback
ISBN13: 9780190610937
Paperback|9780190610937
✨ Featured Offer
Used, Like New
$164.42
List Price: $129.99
🚚
See all 5 offers from $113.23 FREE standard delivery by: 31 Mar 2026
Overview
Understanding Capitalism: Competition, Command, and Change is an introduction to economics that explains how capitalism works, why it sometimes does not work as well as we would like, and how over time it not only changes its own functioning but also revolutionizes the world around us. The book does not assume that the reader has any prior knowledge of economics.The three-dimensional approach to economics offered in this book focuses not just on market competition, as highlighted in conventional economics textbooks, but also on relationships of command - the exercise of power in firms, among nations, and between social groups - and on processes of historical change. The approach is multidisciplinary, making extensive use of examples from history, anthropology, and the other behavioral sciences as well as economics.The core idea uniting the three dimensions of competition, command, and change is the pursuit of profits by firms. Using this central idea, we analyze competition among firms, the search for profits as the driving force of investment and technical change, and profit seeking as a source of conflict among owners, workers, governments, employers, and consumers.The book covers the standard topics of supply and demand, market competition, imperfect competition, aggregate demand, inflation, and unemployment. It emphasizes the extraordinary dynamism and material productivity of the capitalist economy; the psychological foundations of human behavior; the logic and limitations of Adam Smith's invisible hand; technical change and the information-based economy, global economic integration and its impact on national economies; and inequality both within and among nations.The book also provides a critical evaluation of the tenets of neoclassical economics and a clear introduction to contract theory as well as to new research in behavioral, institutional, and information economics.
| ISBN-13 | 9780190610937 |
|---|---|
| ISBN-10 | 019061093X |
| Weight | 2.35 Pounds |
| Dimensions | 9.90 x 0.90 x 7.90 In |
| List Price | $129.99 |
| Edition | 4th Edition |
| Format | Paperback |
|---|---|
| Language | English |
| Pages | 592 pages |
| Publisher | Oxford University Press |
| Published On | 2017-10-20 |
View All Offers
Sort by:
Price
Condition
Seller
Seller Comments
Price
Used, Good
Seller details
BooksRun
Philadelphia, PA, USA
It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the...
Free delivery by: 31 Mar 2026
Used, Good
Seller details
Zoom Books East
Glendale Heights, IL, USA
Book is in very good condition and may include minimal underlining highlighting. The book can also i...
Free delivery by: 31 Mar 2026
✨ Used, Like New
Seller details
Academic Book Solutions
Medford, NY, USA
Used Like New, no missing pages, no damage to binding, may have a remainder mark.
Free delivery by: 31 Mar 2026
Used, Good
Seller details
Bonita
Santa Clarita, CA, USA
Access codes and supplements are not guaranteed with used items. May be an ex-library book.
Free delivery by: 31 Mar 2026
Used, Good
Seller details
TEXTSHUB
Franklin Lakes, NJ, USA
Size: 9x0x7; Textbook, May Have Highlights, Notes and/or Underlining, BOOK ONLY-NO ACCESS CODE, NO...
Free delivery by: 31 Mar 2026