Two systems of governance, capitalism and democracy, prevail in the world today. Operating simultaneously in partially distinct domains, these systems rely on i

'. . . this collection will be useful to economic and business historians in reminding them that capitalism is not a monolithic and unvarying economic system.'

The textbook explains the emergence, evolution, and working of the capitalist system with the help of some of the major principles and theories of economics. It

Capitalism is the dominant economic framework in modern history, but it s unclear how it really works. Relying on the free movement and spontaneous coordination

In just over 30 years, Geoff Hodgson has made substantial contributions to institutional economics, evolutionary economics, economic methodology, the history of