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Good introduction for those without a background in economics
on 25 May 2007
Before you buy this book you should ask yourself just one question: do I have a personal background in economics and/or business studies? If the answer is yes, then this book is probably too pedestrian for you. However, for us laymen, this is an excellent introduction to the dynamics of capitalism and how it works.
The book starts with a look at the history of capitalism, and how Dutch traders successfully managed to create artificial shortages of goods in order to drive up prices, or conversely to flood the markets of rivals. The book explains that capitalism has always existed, but it was only the Dutch who made this gradually become a national phenomena. The book also examines the modern stock market, and how Nick Leeson abused its loopholes. The book also examines how globalisation and international organisations operate in relation to capitalism. Throughout the author manages to remain relatively politically neutral.
This book is an excellent companion to the Short Introduction to Socialism, as it enables a fascinating comparison. I strongly recommend both books.