Format:
1 online resource (393 pages)
Edition:
1st ed.
ISBN:
9780415550925
,
9781136230752
Content:
Embedded in an historical account of the development of U.S. capitalism up to the present day, this book gives the reader a thorough description of the major aspects of the U.S. economy, as well as a theoretical understanding of the overall economy. A particular focus of this book is how free markets work in capitalism and the interrelationship between markets and the government. Of particular interest in the current economic situation is the question of what can the government do to get the economy going again
Note:
Cover -- Title -- Copyright -- Dedication -- Contents -- List of figures -- List of tables -- Preface -- Acknowledgments -- PART 1 The development of the capitalist system -- 1 Economic systems -- Capitalism -- Other economic systems -- The importance of economic systems - the Russian transition to capitalism -- The triumph of capitalism -- 2 The rise of capitalism in the United States -- Labor in the US before 1860 -- Expansion of markets before 1860 -- Accumulation and the rise of capitalists -- 3 Growth in the US economy, 1865-1914 -- The industrial revolution -- The rise of big business -- Labor under monopoly capitalism -- Crises and business cycles -- Growth in the US economy -- 4 Imperialism -- Early US expansion -- Imperialism -- Capitalism and the underdeveloped world -- The US becomes dominant -- 5 The socialist challenge -- Socialist thought prior to Marx -- Marx on socialism -- Russia and the advent of the centrally planned economy -- PART 2 Markets in a capitalist economy -- 6 Markets -- Economic coordination -- Supply and demand -- The nature of markets -- 7 Labor markets -- Free labor -- Labor markets -- Labor markets in capitalism -- 8 Labor -- Markets and the existence of firms -- The organization of work -- Unions -- Labor in the United States -- 9 Income distribution -- Profits and exploitation -- The functional distribution of income -- 10 Personal income and wealth distribution -- Standards of living -- Income distribution -- The distribution of wealth -- 11 Poverty -- Dimensions of poverty -- Why poverty? -- Anti-poverty policies -- Poverty in capitalism -- PART 3 Public policy: Issues and institutions -- 12 Market failure and government regulation -- The market/government relationship -- Public goods -- Externalities -- Government regulation -- Deregulation -- 13 The economy and the environment -- Environmental degradation
,
Environmental policy -- Sustainable development -- The environment under capitalism -- 14 Measuring the economy -- Gross domestic product -- Inflation -- Real GDP -- Measures of economic welfare -- 15 Business cycles and unemployment -- Unemployment -- Business cycles -- 16 The theory of output and employment -- The principle of effective demand -- Say's Law -- Unemployment equilibrium -- The possibility of long-term unemployment -- 17 Accumulation and macroeconomic instability -- Capitalist accumulation -- Macroeconomic instability -- Financial markets and speculation -- 18 The federal government budget: Instrument of fiscal policy -- Taxation -- Government spending -- Fiscal policy -- The debt and the deficit -- Fiscal policv in times of crisis -- 19 Money, banking, and the Federal Reserve -- Money -- The money supply in the US -- The commercial banking system -- The Federal Reserve -- Monetary policy -- 20 International trade -- The position of the US in international trade -- Comparative advantage and free trade -- Why free trade does not work -- Protectionism -- Free trade in the world today -- PART 4 Recent history and beyond -- 21 The Great Depression: Time of economic crisis -- The "roaring" Twenties -- The Great Depression -- World War II and the vindication of Keynes -- 22 The post-war economic boom -- The golden age -- The dominance of the United States -- The growth of government -- The environment -- 23 After the golden age: The rise of free market ideology -- After the golden age -- The welfare state -- Increasing inequality -- The decline of Keynesian economics -- Deregulation -- The great recession of the twenty-first century -- Appendix -- Notes -- Bibliography -- Index
Additional Edition:
Print version Swanson, Paul An Introduction to Capitalism Oxford : Taylor & Francis Group,c2012 ISBN 9780415550925
Language:
English
Keywords:
Electronic books
URL:
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