The Idea of Capitalism before the Industrial Revolution (Critical Issues in World and International History)

The book "Capitalism: A Concept with Diminished Explanatory Power" by Richard Grassby is a must-read for anyone seeking to understand the true nature, merits, and future of this influential economic system.

Grassby, a renowned economic historian, delves into the origins and evolution of capitalism, examining its numerous definitions and testing alternative models against the historical record.

Through his rigorous analysis, Grassby argues that while capitalism has served to identify an economic system, social structure, and cultural values, its explanatory power has diminished in today's complex world.

Despite this, the book provides a comprehensive understanding of how modern economies and societies emerged, and the influence of capitalism on the world we live in.

With its rich historical insights and thought-provoking arguments, "Capitalism" is essential reading for anyone interested in World history, modern European history, or economic history.

Don't miss out on this opportunity to gain a deeper understanding of one of the most influential economic systems in human history.