Capitalism dominates economies all over the world and is a key
force in the process of globalization. What makes it such a
uniquely dynamic social and economic force, however, is open to
debate. The essays in this book take up this issue, offering
theories on both what encourages and what blocks capitalism.
In "On Capitalism" leading economists, sociologists, and political
scientists develop ideas and insights into the dynamic of
capitalism as a global economic order. Unlike studies that focus
only on localized descriptions of what has made capitalism function
in a specific place, these essays examine the general mechanisms
that account for dynamic or rational capitalism. As each chapter
shows, the mechanisms motivating and facilitating today's global
capitalism are not rooted in the materialist domain of incremental
capital accumulation, but in the realm of ideas and institutional
structures. Taken as a whole, these essays offer a rich account of
the interconnectedness of the economic, political, and religious
institutions of modern capitalism.
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