Description

Recent surveys reveal a large portion of the British population to have a dim view of capitalism. And many on the political left, including the current leadership of the Labour Party, are committed to overthrowing it. That would be a disaster because, as Eamonn Butler argues in this introduction to capitalism, it is the foundation of our prosperity and of our liberal, cooperative and dynamic society. Many criticisms of capitalism are based on common misunderstandings of it, some of them even shared by supporters of capitalism. Written in plain English and assuming no prior knowledge of economics, this book helps readers overcome these confusions. It explains the nature of capital – its creation, preservation and destruction – and the roles played by markets and property rights in making capitalism work.

Capitalism: An Introduction

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Paperback / softback by Eamonn Butler

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Recent surveys reveal a large portion of the British population to have a dim view of capitalism. And many on... Read more

    Publisher: Institute of Economic Affairs
    Publication Date: 28/06/2018
    ISBN13: 9780255367585, 978-0255367585
    ISBN10: 0255367589

    Number of Pages: 140

    Non Fiction , Business, Finance & Law

    Description

    Recent surveys reveal a large portion of the British population to have a dim view of capitalism. And many on the political left, including the current leadership of the Labour Party, are committed to overthrowing it. That would be a disaster because, as Eamonn Butler argues in this introduction to capitalism, it is the foundation of our prosperity and of our liberal, cooperative and dynamic society. Many criticisms of capitalism are based on common misunderstandings of it, some of them even shared by supporters of capitalism. Written in plain English and assuming no prior knowledge of economics, this book helps readers overcome these confusions. It explains the nature of capital – its creation, preservation and destruction – and the roles played by markets and property rights in making capitalism work.

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