Journals Higher Education



Published: 20 October 2017

592 Pages

8 x 10 inches

ISBN: 9780190610937

Also Available As:


Bookseller Code (04)

Understanding Capitalism

Competition, Command, and Change

Fourth Edition

Author Samuel Bowles, Frank Roosevelt, Richard Edwards, and Mehrene Larudee


New to this Edition:

  • Data and figures have been thoroughly updated throughout
  • Three new and four substantially rewritten chapters clarify the content and strengthen the book's international perspective
  • A new Chapter 6, "Government and the Economy," explains how the establishment of rules like limited liability and corporate personhood have increased investment growth and consolidation of enterprises in the U.S., laying the foundation for transnational corporations
  • A new Chapter 18, "Financial and Economic Crisis," describes the unfolding of the Great Recession, analyzes changes in the financial sector, and discusses the causes of economic crises in general
  • A new Chapter 19, "Government and the Economy in Transnational Capitalism," considers issues in private vs. public provision of services, especially in health care and prison management
  • Simpler algebra has been seamlessly integrated into Chapters 10, 11, and 12

Also of Interest

Related Categories

Social Sciences > Economics