Publisher's Synopsis
The iconic economist-philosopher Adam Smith lauded capitalism as a system for distributing opportunity and prosperity widely, and for freeing populations from the oppression they suffered under the European aristocracy of his time. This book presents current research in the study of capitalism and its relation to business, politics and society. Topics discussed herein include experimental capitalism in the former USSR; industrial design in capitalism through development experiences of newly industrialising countries; dysmorphic capitalism and the aberrant development of creative intelligence; capital accumulation and equilibrium interest rates in stochastic production economies with the concern of social status; and surplus allocation and development under global capitalism.
