From the Introduction: This book challenges the conventional wisdom about classical political economy and the rise of capitalism. It is written in the convictio

Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political

"One of the most comprehensive histories of modern capitalism yet written." —Michael Hirsh, New York Times An authoritative, insightful, and highly readable h

Due to the enormous influence of Adam Smith’s The Wealth of Nations on Western liberal economics, a tradition closely linked to the United States, many schola