A new book by the New Yorker staff writer John Cassidy plumbs more than two centuries’ worth of grievances about our global ...

Capitalism and economic globalization have no shortage of critics. As Cassidy shows, their criticisms have remained strikingly consistent over the centuries.

In doing so, he sheds light on the feedback loop between theory and practice: Throughout capitalism’s tumultuous existence, economics has both responded to and produced policy. The 18th-century ...

One of the joys of Capitalism and Its Critics, John Cassidy’s unexpectedly lively romp through the two-and-a-half-century ...

The essential feature of capitalism is the motive to make a profit. As Adam Smith, the 18th century philosopher and father of modern economics, said: “It is not from the benevolence of the butcher, ...

The industrial revolution of the mid-18th century saw capitalism kick into overdrive. As historycrunch.com notes, prior to the mechanisation of industry, most people worked in cottage industries ...

With the onset of the Industrial Revolution in the 18th century, capitalism developed in Europe and large businesses came into being. European countries expanded their colonies in Asia and Africa. By ...