by Larry Allen (Author)

From Adam Smith and the Industrial Revolution to Wall Street and multinational corporations, capitalism has long been one of the world's leading economic systems. This work traces the evolution of capitalism from its roots in medieval Europe's rigid economy, through the laissez-faire abuses of the 19th century, to its contemporary form as shaped by competition with socialism.

Author Biography

Larry Allen is professor of economics at Lamar University in Beaumont, TX.