Chapter 1

Evolution of Capitalism

Maria Alejandra Madi

Abstract

This chapter presents three critical appreciations about the capitalist system since the First Industrial Revolution in Britain until current globalization. Firstly, we consider Karl Polanyi’s contribution about the First Industrial Revolution's effects on economic and social life. Then, we address the contribution of Rudolf Hilferding whose studies on financial capital highlights the role of banks in the expansion of large corporations and capital markets in the early 1900s. Finally, we consider Eric Hobsbawm's ideas about contemporary globalization that intertwines economic and political challenges along with social and cultural outcomes.

Total Pages: 3-20 (18)

Purchase Chapter  Book Details

RELATED BOOKS

.Smart Port Management and Strategy.
.Progress in Green Economics.
.Intellectual Property Basic Manual for Researchers in Universities.
.Research on Corporate Environmental Responsibility in China.