Capitalism: reissued with a new postscript on the financial crisis / Edition 1

Hardcover (Print)
Buy New
Buy New from BN.com
$59.11
Used and New from Other Sellers
Used and New from Other Sellers
from $45.00
Usually ships in 1-2 business days
(Save 39%)
Other sellers (Hardcover)
  • All (5) from $45.00   
  • New (3) from $69.74   
  • Used (2) from $45.00   

Overview

Now with a substantial new postscript on the financial crisis

This book provides a basic introduction to the 'nuts and bolts' of capitalism. It starts by examining the classic accounts of capitalism found in the works of Adam Smith, Karl Marx, Max Weber, Joseph Schumpeter, and John Maynard Keynes. Each placed emphasis on different institutional elements of capitalism - Smith on the market's 'invisible hand'; Marx on capital's exploitation of labour; Weber on the foundations of economic rationality; and Schumpeter and Keynes on the instability that results from capitalism's essentially monetary and financial character.

Drawing on these classic accounts, Ingham then offers a succinct analysis of capitalism's basic institutions and their interconnections. Market exchange, the monetary system, the enterprise, capital and financial markets, and the role of the state are dealt with in separate chapters which make use of contemporary material on the recent history of the capitalist system - including the great inflation of the 1970s and the neo-liberal backlash; the 'dot.com' bubble of the late 1990s; and the collapse of Enron and other US corporations. This revised version includes a substantial new postscript on the financial crisis of 2007-8 and its aftermath. The result is a concise, masterly and up-to-date account of the world's most powerful economic system, written in a way that is accessible to students and general readers alike.

Read More Show Less

Editorial Reviews

From the Publisher
"The most informative interpretation of the current crisis I have yet encountered."
LSE Politics Blog

"A must-read for both sociologists and economists - indeed for anyone wanting to deepen their understanding of the systemic nature of today's global financial crisis."
openDemocracy

"One of the best introductions to the economics of capitalism I've read in a long time. Well argued, researched and referenced throughout, it is often a sheer pleasure to read."
Morning Star

"A highly accessible and enjoyable introductory text to the all-pervasive economic system in the modern era."
Political Studies Review

"A good introduction to the basic structure of the capitalist model."
Tribune

"An impressively broad, but also theoretically detailed and empirically well-illustrated, exploration of how capitalism works and develops today. By reading Ingham's comprehensive book, our students will surely become more knowledgeable and probably also better sociologists."
Acta Sociologica

"Not just an excellent summary of key themes and literatures on capitalism, but also a highly instructive first approach to the contemporary issue of all issues, the global financial crisis."
Wolfgang Streeck, Socio-economic Review

"In this meticulous and superbly crafted book Geoff Ingham dissects the nature of capitalism as a complex economic order in which money plays a central role. In developing his rich account he draws upon a remarkable range of theorists and examples which will make the book essential reading to students not only of sociology but throughout the social sciences."
Mike Savage, University of Manchester

"As an economic system, capitalism forms the basis for western society and for sociological understandings of society. Here, Ingham provides a useful summary of the key institutional elements of a capitalist economy, and an insightful discussion of the key theorists of capitalism. Many will appreciate his ability to cover so much material so ably."
Bruce Carruthers, Northwestern University

Read More Show Less

Product Details

Meet the Author

Geoffrey Ingham is Reader in Political Economy and Sociology at the University of Cambridge.

Read More Show Less

Table of Contents

Introduction 1

Part I Classical theories of capitalism 5

1 Smith, Marx and Weber 7

2 Schumpeter and Keynes 36

3 The basic elements of capitalism 52

Part II The institutions 63

4 Money 65

5 Market exchange 92

6 The enterprise 119

7 Capital and financial markets 147

8 The state 175

9 Conclusions 204

Postscript: the financial crisis and its aftermath 227

Notes 265

References 290

Index 304

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)