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Original Essays | September 17, 2014

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Capitalism and Its Economics


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Synopses & Reviews

Publisher Comments:

This classic book is an ideal introduction to economic thought and the dominance of capitalism, ideal for students of economic theory and history. Now thoroughly revised and updated, this new edition includes a new preface and an additional chapter by the author. Analysing the relationship between economic thought and capitalism from 1750 to the present, Douglas Dowd examines the dynamic interaction of two processes: the historical realities of capitalism and the evolution of economic theory. He demonstrates that the study of economics celebrates capitalism in ways that make it necessary to classify economic science as pure ideology. A thoroughly modern history, this book shows how economics has become ideology. A radical critic of capitalism, Dowd surveys its detrimental impact across the globe and throughout history. The book includes biographical sketches and brief analyses of the major proponents and critics of capitalism throughout history, including 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.


New edition of this critical history of the relationship between economic thought and capitalism from 1750 to the present.

About the Author

Douglas Dowd is a widely respected academic and political activist. He has taught at Cornell University, Johns Hopkins University, University of California, Berkeley, and San Jose State University, among others. His most recent books include Against the Conventional Wisdom: A Primer for Current Economic Controversies and Proposals (Westview, 1997) and Understanding Capitalism (Pluto Press, 2002).

Table of Contents

Preface to new edition


PART I: 1750-1945

Chapter 1: Birth - The Industrial Revolution and Classical Political Economy, 1750-1850

Chapter 2: Maturation - Global Capitalism and Neoclassical Economics, 1850-1914

Chapter 3: Death Throes - Chaos, War, Depression, War Again; Economics in Disarray, 1914-1945

PART II: 1945-2000

Chapter 4: Resurrection - Global Economy II and Crisis; Hopeful Stirrings in Economics: 1945-1975

Chapter 5: New World Order - Globalization and Financialization; and Decadent Econo

Product Details

Dowd, Douglas
Pluto Press (UK)
Dowd, Douglas
Dowd, Douglas Fitzgerald
Economics - Theory
Free Enterprise
Economics - General
Edition Description:
Trade Paperback
Publication Date:
Grade Level:
Professional and scholarly
9.18 x 6.2 x 0.96 in

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Business » General
Business » History and Biographies
Business » Management
Business » Writing
History and Social Science » Economics » General

Capitalism and Its Economics New Trade Paper
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Product details 344 pages Pluto Press (UK) - English 9780745322797 Reviews:
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New edition of this critical history of the relationship between economic thought and capitalism from 1750 to the present.
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