Understanding Capitalism Competition, Command, and Change

9780190610937

Understanding Capitalism Competition, Command, and Change

  • ISBN 13:

    9780190610937

  • ISBN 10:

    019061093X

  • Edition: 4th
  • Format: Paperback
  • Copyright: 10/20/2017
  • Publisher: Oxford University Press

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Summary

Understanding Capitalism: Competition, Command, and Change, Fourth Edition, is an introduction to economics that explains how capitalism works, why it sometimes fails, and how it undergoes and brings about change. It discusses both the conventional economic model and the role of power in economic interactions. Understanding Capitalism analyzes how profit-seeking is a source of competition among firms, conflict, and change.

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