Understanding capitalism: competition, command, and change
Oxford University Press, 2005 - Business & Economics - 579 pages
Understanding Capitalism, Third Edition is an economics textbook offeringan introduction to political economy, with extensive attention to the exerciseof power in society and the historical evolution of economicinstitutions.
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CHAPTER 1 Capitalism Shakes the World
CHAPTER 2 People Preferences and Society
CHAPTER 3 A ThreeDimensional Approach to Economics
20 other sections not shown
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Adam Smith aggregate demand Amartya Sen American amount average beer benefits bushels business cycle capital capitalist economy Chapter Coase commodities companies competition conflict consumers consumption corporations countries demand curve determine dollar economic system economists effect employers Equation example exchange Figure firm's firms FlGURE global grain growth higher hour of labor households important income increase industry inflation inputs investment labor market labor processes less living machines macroeconomic marginal cost materials ment million nations neoclassical neoclassical economics nomic organized output per hour owners ownership paid pancakes percent plows policies population prisoner's dilemma profit rate rate of profit reduce result rise Ronald Coase sector sell share slaves social society spending supply curve surplus product taxes technical change things tion total output total product U.S. Census Bureau U.S. Department ultimatum game unions wage rate wealth workers York