Capitalism: A Very Short Introduction (Very Short Introductions) book cover

Capitalism: A Very Short Introduction (Very Short Introductions) by James Fulcher Summary

Capitalism: A Very Short Introduction (Very Short Introductions)
James Fulcher
3.55 (1340 Reviews)
Economics
History
Business
概要
主なポイント
著者
よくある質問

Overview of Capitalism: A Very Short Introduction (Very Short Introductions)

Capitalism: A Very Short Introduction unravels our global economic system's complex evolution - from merchant origins to modern crises. Oxford's acclaimed guide explores capitalism's ethical dilemmas and transformative power, offering crucial insights for anyone questioning how financial systems shape our world and what alternatives might exist.

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重要なポイント

1

When Money Became the Master

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In 1601, a group of English merchants pooled their resources for a risky venture to the East Indies. When their ships returned laden with pepper, investors celebrated a staggering 95% profit. Three expeditions later, their vessels lay wrecked at the bottom of the ocean, and fortunes vanished overnight. This pattern of spectacular wins and devastating losses wasn't a bug in early capitalism-it was the feature that would reshape the world. What began as merchant adventurers exploiting price differences between distant markets evolved into something far more transformative. These early capitalists weren't just trading goods; they were pioneering a revolutionary idea: investing money with the expectation of profit. The English and Dutch East India Companies developed joint-stock structures to spread risk, and by 1688, their shares traded actively on the London Stock Exchange. Amsterdam merchants built warehouses large enough to hold grain for the entire country for over a decade, not to prevent famine, but to control prices through artificial scarcity. But merchant capitalism was merely the prologue. Industrial capitalism fundamentally transformed human existence itself. Consider James M'Connel and John Kennedy, two Scottish entrepreneurs who started with 1,770 in 1795 and built a cotton empire employing 1,500 workers by the 1830s. Their success rested on a brutal equation: profit came from exploiting labor. Children as young as seven worked 13.5-hour days in their mills. As automation advanced, skilled workers found themselves replaced by cheaper hands. Work became sharply separated from life, creating "leisure time" as a distinct concept that workers fought desperately to expand. Capitalism simultaneously commercialized this hard-won leisure, developing entire industries around rail excursions and spectator sports. The system that created free time also figured out how to profit from it.

2

The European Crucible

3

Three Ages of Capitalism

4

National Paths Through Global Pressures

5

The Myth and Reality of Globalization

6

Crisis as Normal Function

7

Living with Capitalism's Contradictions

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"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

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"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

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117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
platform
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12
likes
108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
star
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

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