about economic problems, but he was more open-minded about capitalism than is commonly believed. He saw capitalism as … by the word "capitalism" in today's political debates."--From the dust-jacket front flap …

him to see laissez-faire capitalism as a transitional system. Deeply committed to the egalitarian precepts of the … expropriation, promised meaningful long-term gains for the working classes. He endorsed laissez-faire capitalism because his theory … of capitalism and laid a foundation for the work of Fabians and other gradualist radicals in the 20th century. More …