Understanding Capitalism Understanding Capitalism : Competition, Command, and Change Competition, Command, and Change

Professor Faculty of Economics Samuel Bowles; Emeritus Professor of Economics Frank Roosevelt; Director of the Center for Great Plains Studies Professor of Economics Richard Edwards
Oxford University Press, USA

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.

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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.