Description

---

Understanding Capitalism: Competition, Command, and Change, Fourth Edition, is an introduction to economics that explains how capitalism works, why it sometimes fails, and how it undergoes and brings about change. It discusses both the conventional economic model and the role of power in economic interactions. Understanding Capitalism analyzes how profit-seeking is a source of competition among firms, conflict, and change.

About the Author

---

Samuel Bowles is Research Professor at the Santa Fe Institute and Professor of Economics at the University of Siena, Italy. Richard Edwards is Professor of Economics at the University of Nebraska-Lincoln. Frank Roosevelt is Professor Emeritus of Economics at Sarah Lawrence College. Mehrene Larudee is Visiting Associate Professor at Hampshire College.