An Introduction to Capitalism

Paul Swanson

ISBN 10: 0415779081 / ISBN 13: 9780415779081

Published by Taylor & Francis, 2012

About this Item

Neu neuware, importqualität, auf lager - 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. As we enter the second decade of the twenty first century, a new set of pressures are being brought to bear on the American economy and these are spreading in influence to affect the entire international economy itself. An Introduction to Capitalism will be the ideal textbook for a number of courses, including introduction to the US Economy, political economy and United States Economic History. In addition, it provides a superb overview for the intelligent layman of an ever changing topic.

Seller Inventory # INF1000428114

Bibliographic Details

• Title: An Introduction to Capitalism
• Publisher: Taylor & Francis
• Publication Date: 2012
• Language: English
• ISBN 10: 0415779081
• ISBN 13: 9780415779081
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 247W x 176H x 27D millimeters 247 millimeters width by 176 millimeters height by 27 millimeters depth
• Weight: 706 grams

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