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Article: Capitalism and its critics.(The Mind and the Market: Capitalism in Modern European Thought)(Book Review)
- Article from:
- Quadrant
- Article date:
- July 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Quadrant Magazine Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Mind and the Market: Capitalism in Modern European Thought, by Jerry Z. Muller; Alfred A. Knopf, 2002, about $60.
WHILE CAPITALISM'S critics have often doubted its future, recent supporters and opponents agree on its past. Whether or not economic growth is a good thing, it happened. Despite times of slow development and depressions since capitalism began to emerge in the eighteenth century, Western capitalist countries today experience extraordinary affluence. Over the long run, capitalist expansion in these countries has been linear, with earlier economic advances providing the foundations of future prosperity.
While capitalism as an economic system ...