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In this authoritative and accessible book, one of the world's most renowned historians provides a concise and comprehensive history of capitalism within a global perspective from its medieval origins to the 2008 financial crisis and beyond. From early commercial capitalism in the Arab world, China, and Europe, to nineteenth- and twentieth-century industrialization, to today's globalized financial capitalism, Jürgen Kocka offers an unmatched account of capitalism, one that weighs its great achievements against its great costs, crises, and failures. Based on intensive research, the book puts the rise of capitalist economies in social, political, and cultural context, and shows how their current problems and foreseeable future are connected to a long history.Sweeping in scope, the book describes how capitalist expansion was connected to colonialism; how industrialism brought unprecedented innovation, growth, and prosperity but also increasing inequality; and how managerialism, financialization, and globalization later changed the face of capitalism. The book also addresses the idea of capitalism in the work of thinkers such as Marx, Weber, and Schumpeter, and chronicles how criticism of capitalism is as old as capitalism itself, fed by its persistent contradictions and recurrent emergencies.Authoritative and accessible, Capitalism is an enlightening account of a force that has shaped the modern world like few others.

Economic history. --- Capitalism --- History. --- Accounting. --- Agriculture. --- Artisan. --- Bourgeoisie. --- Calculation. --- Capital market. --- Capital requirement. --- Capitalism. --- Capitalist mode of production (Marxist theory). --- China. --- Commodification. --- Commodity. --- Competition. --- Consumer. --- Creative destruction. --- Criticism of capitalism. --- Criticism. --- Currency. --- Debt. --- Division of labour. --- Economic expansion. --- Economic forces. --- Economic inequality. --- Economic interventionism. --- Economic policy. --- Economic power. --- Economics. --- Economist. --- Economy. --- Employment. --- Entrepreneurship. --- Factory. --- Finance capitalism. --- Financial services. --- Financial transaction. --- Globalization. --- Government debt. --- Great power. --- Hegemony. --- High Middle Ages. --- Imperialism. --- Income. --- Industrialisation. --- Institution. --- Investment fund. --- Joint-stock company. --- Laborer. --- Labour power. --- Manufacturing. --- Market (economics). --- Market economy. --- Market mechanism. --- Marxism. --- Mercantilism. --- Merchant capitalism. --- Merchant. --- Mixed economy. --- Modernity. --- Money changer. --- Moral economy. --- Multinational corporation. --- Multitude. --- North America. --- Ownership. --- Partnership. --- Peasant. --- Plantation economy. --- Politics. --- Precious metal. --- Price mechanism. --- Raw material. --- Rentier capitalism. --- Right to property. --- Rudolf Hilferding. --- Scarcity. --- Serfdom. --- Shareholder. --- Slavery. --- Social order. --- State formation. --- State-owned enterprise. --- Stock exchange. --- Stock market. --- The Communist Manifesto. --- Too big to fail. --- Trade fair. --- Trading company. --- Unfree labour. --- Upper class. --- Vertical integration. --- Wage Labour and Capital. --- Wage. --- War economy. --- War. --- Wealth. --- Welfare. --- Western Europe. --- Workforce. --- World economy.