Download Capitalism and its Economics: A Critical History (New by Douglas Dowd PDF

By Douglas Dowd

ISBN-10: 0745322808

ISBN-13: 9780745322803

This vintage publication is a perfect creation to fiscal proposal and the dominance of capitalism, excellent for college kids of monetary conception and historical past. Now completely revised and up-to-date, this re-creation incorporates a new preface and an extra bankruptcy by means of the writer. Analysing the connection among fiscal inspiration and capitalism from 1750 to the current, Douglas Dowd examines the dynamic interplay of 2 tactics: the ancient realities of capitalism and the evolution of monetary concept. He demonstrates that the research of economics celebrates capitalism in ways in which make it essential to classify financial technology as natural ideology. A completely sleek heritage, this e-book indicates how economics has turn into ideology. an intensive critic of capitalism, Dowd surveys its hazardous effect around the globe and all through heritage. The publication comprises biographical sketches and short analyses of the key proponents and critics of capitalism all through heritage, together with Adam Smith, Thomas Malthus, Jeremy Bentham, John Stuart Mill, Karl Marx, Thorstein Veblen, Rosa Luxemburg, John Maynard Keynes, Paul Samuelson, Milton Friedman, and Eric Hobsbawm.

Reviews:

‘Addresses one of the most the most important questions of the present period. ... Dowd brings ambitious traits to this not easy activity. a powerful achievement.’ --Noam Chomsky

'This is a piece of enlightenment that would be intelligible to scholars and non-economists.’ --Edward S. Herman

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Extra info for Capitalism and its Economics: A Critical History (New Edition)

Sample text

INDUSTRIAL REVOLUTION AND CLASSICAL POLITICAL ECONOMY 41 Whatever one might think of that entire quotation, it remains cogent as regards the inverse relationships between work and income. Those who accuse the poor of being lazy have failed to observe that those they demean almost always work harder, longer, and at totally unenviable jobs than those whose incomes are one multiple or another of that of the poor. Thus, there breathe no professors with senses so dull that they would envy the workload or its content of the janitors in their buildings; but had they had the same life-opportunities from birth as the professors – and unless one believes that janitors are constrained to be so only or mostly by mental incapacities – one doubts there are janitors who would not trade places with the professors.

Stubborn, stubborn workers: dummkopfen. 34 Now it is time to examine the ideas of Malthus and Bentham, who – although not in accord with what may be seen as Smith’s social values or philosophy – were both well suited to capitalism’s needs and the emerging economics that rationalized them. Thomas Robert Malthus For reasons soon to become apparent, Malthus was opposed to industrialization; it is thus a major irony that his social theories did much to ease its way – both in his century and ours. Implicitly or explicitly those ideas are today at the center of the rationalizations used to justify social savagery against the poor.

46 Printed by Pressworks. dtp, page 41. INDUSTRIAL REVOLUTION AND CLASSICAL POLITICAL ECONOMY 41 Whatever one might think of that entire quotation, it remains cogent as regards the inverse relationships between work and income. Those who accuse the poor of being lazy have failed to observe that those they demean almost always work harder, longer, and at totally unenviable jobs than those whose incomes are one multiple or another of that of the poor. Thus, there breathe no professors with senses so dull that they would envy the workload or its content of the janitors in their buildings; but had they had the same life-opportunities from birth as the professors – and unless one believes that janitors are constrained to be so only or mostly by mental incapacities – one doubts there are janitors who would not trade places with the professors.

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Capitalism and its Economics: A Critical History (New Edition) by Douglas Dowd


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