Capitalist economics

by Chambers, Samuel Allen

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Full title :Capitalist economics / Samuel A. Chambers.

Summary

"Modern economics does not explain, and does not even attempt to explain, capitalism; rather, both introductory texts and advanced scholarship presuppose capitalism as a universal, natural entity. In stark contrast, Capitalist Economics introduces and explains the basic economic forces that shape the present and structure the future of capitalist societies today. Rejecting the naive idea that economics is a universal science of "choice" or the "efficient allocation of scarce resources," this book analyzes economic forces and relations as essential elements of a broader society. This entails understanding "the economic" as a force or a logic that always operates alongside cultural, political, and social forces, and it requires grasping that force as itself a product of historical development. This book explores the unique economic forces found in capitalist societies, offering detailed yet concise analysis of basic concepts - commodities, money, exchange, interest - and investigating broader issues such as the source of profit, the nature of growth, and the role of technology and invention."