1st Edition

An Introduction to Capitalism

By Paul Swanson Copyright 2013
392 Pages 100 B/W Illustrations
by Routledge

392 Pages 100 B/W Illustrations
by Routledge

448 Pages 16 B/W Illustrations
by Routledge

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... Read more
Part 1: The Development of the Capitalist System  1. Economic Systems  2. The Rise of Capitalism in the United States  3. Growth in the US Economy, 1865-1914  4. Imperialism  5. The Socialist Challenge  Part 2: Markets in a Capitalist Economy  6. Markets  7. Labor Markets  8. Labor  9. Income Distribution  10. Personal Income and Wealth Distribution  11. Poverty  Part 3: Public Policy: Issues and Institutions  12. Market Failure and Government Regulation  13. The Economy and the Environment  14. Measuring the Economy  15. Business Cycles and Unemployment  16. The Theory of Output and Employment  17. Accumulation and Macroeconomic Instability  18. The Federal Government Budget: Instrument of Fiscal Policy  19. Money, Banking, and the Federal Reserve  20. International Trade  Part 4: Recent History and Beyond  21. The Great Depression: Time of Economic Crisis  22. The Post-War Economic Boom  23. After the Golden Age: The Rise of Free Market Ideology

Biography

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