216 Pages
by
Routledge
Most economic theory assumes a pure capitalism of perfect competition. Even when it is recognized that this does not exist, many politicians and captains of industry pay a great deal of lip service to the idea of the market. This book goes beyond the rhetoric to explore how, even in the United States, the most capitalist of all countries, the market has always been subjected to numerous... Read more
Introduction
1. The End of Economics
2. Economic Theory and the Historical Increase of Fixed Capital
3. Railroads and the Increase in Fixed Capital
4. The Role of Finance
5. Industry Takes Command: The rise of welfare capitalism
6. Modern Finance Capital
7. The Depression
8. The Golden Age
9. Conclusion
Biography
Michael Perelman
"Perelman's ... historical framework - utilizing real events and real persons, inside and outside the economics profession - is intriguing." Review of Social Economy
