Robert L. Heilbroner was Norman Thomas Professor of Economics at the New School for Social Research and author of The Worldly Philosophers and many other books.
Heilbroner brings his thoughts to the question ``What is capitalism?'' He re fers to earlier civilizations but most of the work deals with American capital ism. His focus is on the social forma tion of capitalismits nature and its logicthe process that surrounds the accumulation of capital. This treatise thus represents Heilbroner's descrip tion of the capital accumulation pro cess, the role of government, and capi talist development, along with the multiple ideologies that can surround capitalism. The theories of numerous other writers, including Marx, Smith, Veblen, Lowe, and Mandel, are both criticized and praised. Difficult reading but important for larger public and aca demic libraries. Jane M. Kathman, Man age ment Dept., Coll. of St. Bene dict, St. Joseph, Minn.
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