The Evolution of Modern Capitalism (Routledge Revivals): A Study of Machine Production, 1st Edition (Paperback) book cover

The Evolution of Modern Capitalism (Routledge Revivals)

A Study of Machine Production, 1st Edition

By J. A. Hobson


510 pages

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Hobson’s The Evolution of Modern Capitalism was first published in 1894, although this reissue is of the fourth edition, published in 1926. The work traces the developments in trade and industry which characterised the first decades of the twentieth century. In the first part, Hobson deals with the origins and structure of modern capitalism, including the development of the machine industry, the changing structure of trades and markets, and the effects of these on workers and consumers. The final supplementary chapter considers the impact of World War I on this changing economy, and the ‘disturbance, recovery and readjustments’ which the war necessitated. This is a classic work of importance to economic historians and those with a particular interest in the history of capitalism.

Table of Contents

Preface to the New and Revised Edition; Preface to the Revised Edition; 1. The Origin of Modern Capitalism 2. The Instruments of Capitalism 3. The Structure of Industry before Machinery 4. The Order of Development of Machine Industry 5. Size and Structure of the Modern Business 6. The Structure of Trades and Markets 7. Combinations of Capital 8. Cartels and Trusts 9. Economic Powers of Trusts 10. The Financier 11. Machinery and Industrial Depression 12. Machinery and Demand for Labour 13. Machinery and the Quality of Labour 14. The Economy of High Wages 15. Some Effects of Modern Industry Upon the Workers as Consumers 16. Occupations of the People 17. Civilisation and Industrial Development; Supplementary Chapter: Industry in the Twentieth Century

About the Series

Routledge Revivals

Are there elusive titles that you need and have been trying to source for years but thought that you would never be able to find?

Well this may be the end of your quest – here is a fantastic opportunity for you to discover past brilliance and purchase previously out of print and unavailable titles by some of the world’s most eminent academic scholars.

Drawing from over 100 years of innovative, cutting-edge publishing, Routledge Revivals is an exciting programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

Routledge Revivals spans the whole of the Humanities and Social Sciences, and includes works by some of the world’s greatest thinkers including Emile Durkheim, Max Weber, Simone Weil, Martin Buber, Karl Jaspers and Max Beloff.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / Economics / Theory