Modern Capitalism - The Successor in the Three Industrial Revolutions

Author: (American) McGraw, edited by Zhao Wenshu, translated by Xiao Suozhang
Publisher:
Publish Date: 2000-09-01
Features: What is capitalism? How has capitalism evolved? Why can some entrepreneurs, large companies, and certain nations make capitalism serve their interests, while others cannot? This book examines these questions from a unique perspective. To some extent, the answer to "What is capitalism?" is obvious, because the advantages of capitalism are quite clear: it promotes steady income growth and increases opportunities. The negative impacts of capitalism are equally evident: it places material over the spiritual, and the power of capitalist markets leads to severe consequences. Modern Capitalism incorporates the three major elements advocated by Schumpeter, but it is primarily a historical work. Four chapters summarize the economic development histories of the United Kingdom, Germany, the United States, and Japan; other chapters feature biographies of notable figures such as Josiah Wedgwood, August Thyssen, Henry Ford, and Toyoda Sakichi; and there are also histories of renowned companies, including Rolls-Royce, Deutsche Bank, IBM, and Japan's Seven-Eleven. All these stories about nations, companies, and individuals are full of dramatic elements, unforgettable to read, and help us understand the true essence of achieving economic success amid constant change.