Capitalism has long been the subject of passionate debate, and today such contestations are perhaps more timely than ever. For its advocates, capitalism brings democracy and freedom and is the cornerstone of modernity and of progress. For its critics, capitalism is based on the exploitation of labour and is responsible for the destruction of the environment as well as colonialism. Whether capitalism survives the century, or whether an alternative social system emerges, may very well determine the fate of humanity. Capitalism and its Critics gives a comprehensive critical analysis of the most important theorists of capitalism, including Adam Smith, Karl Marx, Max Weber, Joseph Schumpeter, Karl Polanyi, F.A. Hayek, J.M. Keynes, David Harvey, and Thomas Piketty. The book discusses some of the main debates about capitalism and considers alternatives in the twenty-first century. The 12 chapters are loosely chronologically organised around the main approaches and historical phases in the history of capitalism. Central themes of the book are the ideas of capitalist crisis and of tensions between democracy and capitalism in the making of modernity.
A highly readable, informative and engaging text, Capitalism and its Critics is essential reading for anyone interested in understanding capitalism and its alternatives.
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Michael J. Thompson, Professor of Political Theory, William Paterson University, USA
"This outstanding book is a comprehensive guide to theories and critiques of capitalism, by two leading critical theorists."
William Outhwaite, Emeritus Professor of Sociology, University of Newcastle, UK
"In concise and clear prose, Delanty and Harris line up all the great authors of the past to understand the past, present and future of capitalism. This is the book you need if you want to anticipate the coming crash!"
Frederic Vandenberghe, Professor of Sociology, Federal University of Rio de Janeiro, Brazil








