Understanding Capitalism: How Economies Work

Understanding Capitalism: How Economies Work

Understanding Capitalism: How Economies Work

Understanding Capitalism: How Economies Work

Synopsis

Brian Kantor believes that economics, far from being a 'dismal science', is the science of material opportunities. In this book he explains the forces and choices which promote and create the wealth of people and nations and introduces the reader to the principal activities of the participants in modern capitalist economies: suppliers and consumers, managers and workers, bankers, investors and governments. The book addresses three broad areas of economic research: the working of free markets; the role of financial institutions; and the making of economic policy.

Excerpt

This book is written for those who are interested in understanding what is going on in the economy for good business reasons. They are likely to regard the business and economic commentary in the newspapers they read as at least as important as the front or the sports pages. They will also read the more specialized business journals both because they are deeply interested in the subject matter and because it is necessary for them to be well informed about economic events and economic policy.

I hope the book will give them a deeper insight into the economic issues and events that are bound to confront them in business. It may also help them in their social lives at times when they may be called upon to make a comment on some burning issue of the day when their side, that of business, seems to be off-side, and they have to justify some apparent act of economic cruelty. It is surely important for those in business to understand the "big picture" and how they fit into it. They and others should appreciate why the careful management of resources, which is what successful businesses do, is so important for society. A popular phrase of the moment is "tough love". The insights economists bring are perhaps the most important example of tough love. They tell of the huge advantages a realistic but seemingly hard hearted approach to the economy has brought and will bring to the least well-off people among us.

The book will have achieved its objectives if readers are made not only more aware of, and understand better, the economic . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.