Capitalism

Capitalism With a New Postscript on the Financial Crisis and Its Aftermath by Geoffrey Ingham provides a comprehensive introduction to the fundamental principles of capitalism. Drawing on the works of influential thinkers such as Adam Smith, Karl Marx, Max Weber, Joseph Schumpeter, and John Maynard Keynes, this book offers a concise analysis of capitalism's basic institutions and their interconnections. Ingham examines the key elements of capitalism, including market exchange, the monetary system, enterprise, capital, financial markets, and the role of the state. The book also explores recent events in the capitalist system, such as the great inflation of the 1970s, the 'dot.com' bubble of the late 1990s, and the collapse of Enron and other US corporations. A substantial new postscript on the financial crisis of 2007-8 and its aftermath completes this authoritative account. Accessible to students and general readers alike, Capitalism With a New Postscript on the Financial Crisis and Its Aftermath offers a masterful and up-to-date understanding of the world's most powerful economic system.