First published in 1985, Theories of Modern Capitalism provides
a succinct study of Marxist and non-Marxist theories of Capitalism,
its recent development, and the prospects of a transition to
socialism.
The study begins with a critical examination and comparison of
four major theories of capitalism, in the works of Marx, Weber,
Schumpeter and Hayek. This is followed by an analysis of the most
recent phase of capitalism which has been conceptualised by
Marxists thinkers in various ways as 'organised capitalism'',
'state monopoly', or 'late capitalism'. Finally, Bottomore
considers the question of a 'transition to socialism' in the
diverse interpretations which have been offered by Marxists on one
side, and by Weber, Schumpeter and Hayek on the other.
Theories of Modern Capitalism will be valuable in a wide range
of courses in social and political theory, and will also have an
appeal to a broader readership concerned with issues of social and
economic policy.
General
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