Understanding Capitalism 007147451X Since the publication of the

Since the publication of the Third Edition in 2003

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Understanding Capitalism 007147451X Since the publication of theUnderstanding Capitalism: Competition, Command, and Change, Fourth Edition, is an introduction to economics that explains how capitalism works, why it sometimes fails, and how it undergoes and brings about change. It discusses both the conventional economic model and the role of power in economic interactions. Understanding Capitalism analyzes how profit seeking is a source of competition among firms, conflict, and change.