Understanding Capitalism: Competition, Command, and Change

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9780195138658: Understanding Capitalism: Competition, Command, and Change

Understanding Capitalism: Competition, Command, and Change, Third Edition, is an introduction to economics that explains how capitalism works, why it sometimes does not work as well as we would like it to, and how over time it not only changes but also revolutionizes the world around us. The "three-dimensional approach" of the text focuses on competition in markets; command in firms, governments, and international relations; and change as a permanent feature of a capitalist economy driven by technical innovation and conflict over the distribution of income.

The book covers the standard topics of supply and demand, market competition, imperfect competition, aggregate demand, inflation, and unemployment. It emphasizes the extraordinary dynamism and material productivity of the capitalist economy; the psychological foundations of human behavior; the logic and limitations of Adam Smith's invisible hand; technical change and the new information-based economy; global economic integration and its impact on national economies; the impact of economic activity on the environment; and inequality both within and among nations. In addition, it provides a critical evaluation of the tenets of neoclassical economics, a clear introduction to contract theory, and material drawn from new research in behavioral, institutional, and information economics.

Understanding Capitalism, Third Edition, is ideal for undergraduate courses in economics and political economy. An Instructor's Manual is available to adopters.

FEATURES OF THE THIRD EDITION
·Offers a new chapter on the behavioral foundations of economics, showing that the selfishness of the "economic man" leaves out the important role of other social motives and how individual tastes and values evolve in response to experiences
·Includes a new chapter that examines how economic success (and poverty) are passed on from parents to children and also looks at the increasing inequality of income and wealth along lines of race and gender
·Presents a completely revised and expanded treatment of the revolutionary changes that have been associated with capitalism over the past three centuries
·Provides boxed treatments of issues that can serve as the basis of classroom discussions
·Defines important terms in the margins throughout the text
·Contains a section entitled "Sources of Economic Information" that helps readers locate relevant outside data, both in print and online

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

About the Author:


Samuel Bowles is Research Professor at the Santa Fe Institute, U.S.A., and Professor of Economics at the University of Siena, Italy.

Richard Edwards is Professor of Economics at the University of Nebraska-Lincoln.

Frank Roosevelt is Professor of Economics at Sarah Lawrence College.

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

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Descrizione libro Oxford University Press Inc, United States, 2005. Paperback. Condizione libro: New. 3rd Revised edition. Language: English . Brand New Book. Understanding Capitalism provides an introduction to economics with extensive attention to the global economy, inequality, the information revolution, the exercise of power and the historical evolution of economic institutions and individual preferences. Its three dimensional approach focuses on competition in markets, command in firms, governments and international relations, and change as a permanent feature of a capitalist economy promoted by technical innovation and conflict over the distribution of income. Codice libro della libreria AAC9780195138658

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Descrizione libro Oxford University Press Inc, United States, 2005. Paperback. Condizione libro: New. 3rd Revised edition. Language: English . Brand New Book. Understanding Capitalism provides an introduction to economics with extensive attention to the global economy, inequality, the information revolution, the exercise of power and the historical evolution of economic institutions and individual preferences. Its three dimensional approach focuses on competition in markets, command in firms, governments and international relations, and change as a permanent feature of a capitalist economy promoted by technical innovation and conflict over the distribution of income. Codice libro della libreria AAC9780195138658

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Descrizione libro Oxford University Press Inc, United States, 2005. Paperback. Condizione libro: New. 3rd Revised edition. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Understanding Capitalism provides an introduction to economics with extensive attention to the global economy, inequality, the information revolution, the exercise of power and the historical evolution of economic institutions and individual preferences. Its three dimensional approach focuses on competition in markets, command in firms, governments and international relations, and change as a permanent feature of a capitalist economy promoted by technical innovation and conflict over the distribution of income. Codice libro della libreria BTE9780195138658

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Descrizione libro Oxford University Press. Paperback. Condizione libro: New. Paperback. 608 pages. Dimensions: 9.2in. x 7.4in. x 1.3in.Understanding Capitalism: Competition, Command, and Change, Third Edition, is an introduction to economics that explains how capitalism works, why it sometimes does not work as well as we would like it to, and how over time it not only changes but also revolutionizes the world around us. The three-dimensional approach of the text focuses on competition in markets; command in firms, governments, and international relations; and change as a permanent feature of a capitalist economy driven by technical innovation and conflict over the distribution of income. The book covers the standard topics of supply and demand, market competition, imperfect competition, aggregate demand, inflation, and unemployment. It emphasizes the extraordinary dynamism and material productivity of the capitalist economy; the psychological foundations of human behavior; the logic and limitations of Adam Smiths invisible hand; technical change and the new information-based economy; global economic integration and its impact on national economies; the impact of economic activity on the environment; and inequality both within and among nations. In addition, it provides a critical evaluation of the tenets of neoclassical economics, a clear introduction to contract theory, and material drawn from new research in behavioral, institutional, and information economics. Understanding Capitalism, Third Edition, is ideal for undergraduate courses in economics and political economy. An Instructors Manual is available to adopters. FEATURES OF THE THIRD EDITIONOffers a new chapter on the behavioral foundations of economics, showing that the selfishness of the economic man leaves out the important role of other social motives and how individual tastes and values evolve in response to experiencesIncludes a new chapter that examines how economic success (and poverty) are passed on from parents to children and also looks at the increasing inequality of income and wealth along lines of race and genderPresents a completely revised and expanded treatment of the revolutionary changes that have been associated with capitalism over the past three centuriesProvides boxed treatments of issues that can serve as the basis of classroom discussionsDefines important terms in the margins throughout the textContains a section entitled Sources of Economic Information that helps readers locate relevant outside data, both in print and online This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Codice libro della libreria 9780195138658

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