Twenty First Century Capitalism

In order to examine the possible direction of capitalism, Heilbroner begins with a succinct overview of what it is not. Once he has established how capitalism and the market work in contrast to other coordinative mechanisms in society, namely tradition and command, Heilbroner explores capitalism as both an economic system and a political order, and demonstrates how these two interrelate. Finally, after an inquiry into the inner workings of the market system, he briefly discusses what he believes might be in store for the future.