An accessible and enjoyable look at the way the market REALLY works! How Markets Work presents a new and refreshing introduction to elementary economics. The venerable theory of supply and demand is reconstituted upon plausible and defensible assumptions concerning human nature, the law, and the...

1. The place of science in society : progress, pragmatism, pluralism -- 2. Thorstein Veblen on the origins and meaning of private property -- 3. Capital and the modern corporation -- 4. Pecuniary institutions : their role and effects -- 5. Veblen's missing theory of markets and exchange, or, Can...

In 1989 it was triumphantly announced that the world had arrived at the “End of History†with neoliberal economics and political democracy the clear victors. This paper revisits and reconsiders this famous assertion through an examination of several perspectives on the relationship...