Swanson An Introduction to Capitalism

1. Auflage 2012
ISBN: 978-1-136-23074-5
Verlag: Taylor & Francis
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 448 Seiten

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.

Autoren/Hrsg.

Swanson, Paul

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte

Inhaltsverzeichnis

Part I: The Development of the Capitalist System Introduction: Economies as Social Systems 1. Economic Systems 2. The Disintegration of the Medieval Economies 3. The Historical Origins of the Firm 4. Industrialization and the Emergence of the "Western Powers" 5. The Rise of Capitalism in the United States 6. Capitalism and the Third World 7. The Socialist Challenge Part II: Markets in a Capitalist Economy Introduction: Private Vices/Public Virtues 8. Markets 9. Labor Markets and Labor 10. The Theory of Income Distribution 11. Personal Income and Wealth distribution 12. Poverty: Causes and Solutions Part III: Public Policy: Issues and Institutions Introduction 14. The Economy and the Environment 15. Measuring the Economy 16. Macroeconomic Instability 17. The Federal Government Budget: Instrument of Fiscal Policy 18. Monetary Policy and the Federal Reserve 19. International Trade Part IV: Recent History and Beyond Introduction Mature Capitalism: The U.S. Economy After World War I 20. The Great Depression: Time of Economic Crisis 21. The Fifties and Sixties: The Post-War Boom 22. The Seventies and Eighties: Ushering in the Present 23. Prospects for the Future: Economic Life after the Cold War

Über Autor(innen)

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