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9780226168005

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There are a number of books that purport to consider modern capitalism, but none of these treats the subject so broadly or considers in anything like the detail here the history of social science thought on the topic. Hodgson's discussion of the many issues he treats is broad, thoughtful, and highly literate. --Richard Nelson, Columbia University

In standard economics, capitalism has become an ill-defined concept, its analysis flawed from the very initial definition. Hodgson's book reintroduces a sharp and precise definition, showing how a successful analysis of capitalism requires an understanding of the interactions of numerous complementary institutions, including sophisticated legal institutions. This is a remarkable and highly original piece of interdisciplinary scholarship that will greatly contribute to the understanding of contemporary capitalist economies. (Ugo Pagano, University of Siena and Central European University)

"""In standard economics, capitalism has become an ill-defined concept, its analysis flawed from the very initial definition. Hodgson's book reintroduces a sharp and precise definition, showing how a successful analysis of capitalism requires an understanding of the interactions of numerous complementary institutions, including sophisticated legal institutions. This is a remarkable and highly original piece of interdisciplinary scholarship that will greatly contribute to the understanding of contemporary capitalist economies."" (Ugo Pagano, University of Siena and Central European University)"

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Geoffrey M. Hodgson is research professor at Hertfordshire Business School, University of Hertfordshire, England, and the author or coauthor of over a dozen books, including Darwin's Conjecture and From Pleasure Machines to Moral Communities, both also published by the University of Chicago Press.

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