Chapter 1Capitalism: Where Do We Come From?
We live in a capitalist economic system. Politicians constantly talk about capitalism, or if they don't like the word, about the free-enterprise system. We are constantly being told that capitalism is the wave of the future, or would be the wave of the future if only it were left alone, or sometimes that capitalism is in decline and will fall on its own weight, like the Roman Empire.
Perhaps there is no more important economic question than the future of capitalism, none that affects more deeply our private destinies and those of our children. As we will see in our...