Capitalism 101
Explore the best books on capitalism, from Adam Smith's Wealth of Nations to Stiglitz's Globalization and Its Discontents. This curated reading list covers economic theory, free markets, and critiques of capitalism—perfect for students and enthusiasts.
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The Wealth of Nations
by Adam Smith
Presents a statement and defense of capitalist economics, first published in the late eighteenth century by Scottish scholar Adam Smith.
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The Road to Serfdom
by Friedrich August Hayek
Examines the relationship between individual liberty and government authority, and argues that granting government control of the economy leads to disaster
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Capitalism and Freedom
by Milton Friedman
In the process, he outlines the role that government should play in a society dedicated to freedom and relying primarily on the market to organize economic activity.".
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Capitalism, Socialism, and Democracy
by Joseph A. Schumpeter
Capitalism, Socialism and Democracy remains one of the greatest works of social theory written this century. When it first appeared the New English Weekly predicted that for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated. Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.
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Globalization and Its Discontents
by Joseph E. Stiglitz
Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book.