1. Producing prosperity : the subject matter of economics -- 2. Economic models : a framework for analysis -- 3. The market process -- 4. Market-clearing forces in the economy -- 5. The innovative nature of firms -- 6. The role of firms in the market -- 7. The trajectory of the economy : growth...

The concept of political capitalism -- Political capitalism as an economic system -- The political and economic elite -- Interest groups and political exchange -- Political creation of economic rents -- Transitional gains and rent extraction -- The regulatory state -- Capitalism versus democracy...

Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of...

Joseph Schumpeter described capitalism as a system of creative destruction. Innovative new ideas, new products, and new production methods displace the old. This works to the advantage of entrepreneurial individuals who bring innovations to market, enabling them to get ahead by producing more...