Introduction : political economy in the Americas / Anne Tittor and Daniel Hawkins -- Capitalism / Juan Grigera -- Class struggle / Ricardo Antunes -- Crisis / Aaron Tauss -- Deindustrialization / Lachlan MacKinnon and Steven High -- Development / Karin Fischer -- Energy / Maria Backhouse, Anne...

It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious...

"History has proved that communism failed at many levels during the first global competition between the capitalist and socialist camps during the Cold War. As a result, the socialist camp was dissolved. China is one of the few communist countries to survive in the twenty-first century. The...