Hobson's The Evolution of Modern Capitalism was first published in
1894, although this reissue is of the fourth edition, published in
1926. The work traces the developments in trade and industry which
characterised the first decades of the twentieth century. In the
first part, Hobson deals with the origins and structure of modern
capitalism, including the development of the machine industry, the
changing structure of trades and markets, and the effects of these
on workers and consumers. The final supplementary chapter considers
the impact of World War I on this changing economy, and the
'disturbance, recovery and readjustments' which the war
necessitated. This is a classic work of importance to economic
historians and those with a particular interest in the history of
capitalism.
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