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Capitalism in the twentieth century was marked by periods of persistent bad performance alternating with episodes of good performance. A lot of economic research ignores this phenomenon; other work concentrates almost exclusively on developing technology as its cause. This 2001 book draws upon Schumpeterian, Institutional and Keynesian economics to investigate how far these swings in performance can be explained as integral to capitalist development. The authors consider the macroeconomic record of the developed capitalist economies over the past 100 years (including rates of growth, inflation and unemployment) as well as the interaction of economic variables with the changing structural features of the economy in the course of industrialization and transformation. This approach allows for changes both in the economic structure and in the economic variables to be generated within the system. This study will be essential reading for macroeconomists and economic historians.

Economic history --- Economic development. --- Capitalism. --- 330.34 --- 338 <09> --- -Economic development --- Capitalism --- Market economy --- Economics --- Profit --- Capital --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic conditions --- History, Economic --- Economische ontwikkeling. Regionale economische ontwikkeling --- Economische geschiedenis --- Business, Economy and Management --- Economic history. --- Economic development --- Business & Economics --- Economic History --- 338 <09> Economische geschiedenis --- 330.34 Economische ontwikkeling. Regionale economische ontwikkeling --- Economic schools --- Economic history - 20th century.

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International economic relations --- International finance --- Currency question --- Economic forecasting --- Economic history --- Foreign exchange --- Twenty-first century --- Question monétaire --- Prévision économique --- Histoire économique --- Change --- Relations économiques internationales --- Vingt et unième siècle --- History --- Congresses --- Forecasts --- Histoire --- Congrès --- Prévisions --- United Nations Monetary and Financial Conference --- Congresses. --- 800 Collectie Vlaams Vredesinstituut --- 815 Geschiedenis --- 822.3 Internationale economische organisaties --- 822.4 Internationale financiële instellingen --- 830 Economie --- 831.1 Handelspolitiek --- 837 Financiën en Bankwezen --- 838 Duurzame Ontwikkeling --- 838.1 Ecologie --- 841 Politiek Bestel --- 844.3 Migratie en vluchtelingen --- 333.164.0 --- 333.432.8 --- 333.601 --- 334.0 --- 334.10 --- 334.3 --- 334.81 --- 351.2 --- 382.50 --- AA / International- internationaal --- -Foreign exchange --- -Currency question --- -International economic relations --- -Economic history --- -Economic forecasting --- -Twenty-first century --- -332.042 --- 21st century --- Third millennium --- Economics --- Forecasting --- Economic indicators --- Economic conditions --- History, Economic --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Fiat money --- Free coinage --- Monetary question --- Scrip --- Currency crises --- Finance --- Finance, Public --- Legal tender --- Money --- Cambistry --- Currency exchange --- Exchange, Foreign --- Foreign currency --- Foreign exchange problem --- Foreign money --- Forex --- FX (Finance) --- International exchange --- International monetary system --- International money --- Internationale Bank voor Herstel en Ontwikkeling: algemeen. --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten. --- Organisatie van de financiële markten. --- Algemene theorieën en beginselen. --- Algemene economie : algemeenheden. --- Geld-, krediet- en Bankwezen. --- Wereldhandelsorganisatie (WHO). Algemene overeenkomst voor handel en tarieven (GATT). --- Openbare gezondheid. Milieubescherming. Milieuvervuiling. --- Internationale handelsbetrekkingen: algemeenheden. --- -History --- -Forecasts --- -Forecasting --- Bretton Woods Conference --- Conférence monétaire et financière des Nations Unies, --- Conferencia Monetaria Internacional de Bretton-Woods --- Conferencia Monetaria y Financiera de las Naciones Unidos --- Monetary and Financial Conference, United Nations --- Rengōkoku Tsūka Kinʼyū Kaigi --- United Nations Monetary & Financial Conference --- United nations monetary and financial conference, --- -United Nations Monetary and Financial Conference --- Question monétaire --- Prévision économique --- Histoire économique --- Relations économiques internationales --- Vingt et unième siècle --- Congrès --- Prévisions --- 332.042 --- History&delete& --- Forecasts&delete& --- Internationale Bank voor Herstel en Ontwikkeling: algemeen --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten --- Organisatie van de financiële markten --- Algemene theorieën en beginselen --- Algemene economie : algemeenheden --- Geld-, krediet- en Bankwezen --- Wereldhandelsorganisatie (WHO). Algemene overeenkomst voor handel en tarieven (GATT) --- Openbare gezondheid. Milieubescherming. Milieuvervuiling --- Internationale handelsbetrekkingen: algemeenheden --- International economic relations. --- International finance. --- International finance - History - 20th century - Congresses. --- Foreign exchange - History - 20th century - Congresses. --- Currency question - History - 20th century - Congresses. --- International economic relations - Congresses --- Economic history - 20th century - Congresses. --- Economic forecasting - Congresses. --- Twenty-first century - Forecasts - Congresses. --- Currency questions