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Conceptualizing Capitalism: Institutions, Evolution, Future

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Conceptualizing Capitalism: Institutions, Evolution, Future - Hodgson, Geoffrey M
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Capitalism is the dominant economic framework in modern history, but it s unclear how it really works. Relying on the free movement and spontaneous coordination of seemingly infinitesimal market forces, its very essence is remarkably complex. Geoffrey M. Hodgson offers a more precise conceptual framework, defines the concepts involved, and illustrates that what is most important, and what has been most often overlooked, are institutions and contractsthe law. Chapter by chapter, Hodgson focuses in on how capitalism works at ...

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Conceptualizing Capitalism: Institutions, Evolution, Future 2016, University of Chicago Press

ISBN-13: 9780226419695

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