Permanent Revolution: Reflections on Capitalism
(eBook)

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Published
Stanford University Press, 2020.
Status
Available Online

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Format
eBook
Language
English
ISBN
9781503612389

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APA Citation, 7th Edition (style guide)

Wyatt Wells., & Wyatt Wells|AUTHOR. (2020). Permanent Revolution: Reflections on Capitalism . Stanford University Press.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Wyatt Wells and Wyatt Wells|AUTHOR. 2020. Permanent Revolution: Reflections On Capitalism. Stanford University Press.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Wyatt Wells and Wyatt Wells|AUTHOR. Permanent Revolution: Reflections On Capitalism Stanford University Press, 2020.

MLA Citation, 9th Edition (style guide)

Wyatt Wells, and Wyatt Wells|AUTHOR. Permanent Revolution: Reflections On Capitalism Stanford University Press, 2020.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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Grouped Work IDb058e3c5-4903-4461-7c77-863d48d1ca45-eng
Full titlepermanent revolution reflections on capitalism
Authorwells wyatt
Grouping Categorybook
Last Update2023-09-01 20:00:22PM
Last Indexed2024-04-18 02:04:18AM

Book Cover Information

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First LoadedSep 14, 2023
Last UsedSep 14, 2023

Hoopla Extract Information

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    [synopsis] => Permanent Revolution concisely describes the development and workings of capitalism and its influence on the broader society. In the developed world-Europe, North America, and parts of East Asia-capitalism is ubiquitous, and as such, often taken for granted. Discussion usually focuses on specific aspects of the system that individuals appreciate or dislike, ignoring the larger picture. The notion of millennials denouncing capitalism on Facebook and Twitter-products of capitalist development-is a caricature that is eerily close to reality.

In this book, Wyatt Wells examines the development of economic innovation, the role of financial markets, the business cycle, the ways markets operate, and the position of labor in capitalist economies, as well as the effects of capitalism on law, politics, religion, and even the arts. This discussion is grounded in history, though it does make use of economic theory. As a result, the book sometimes approaches topics from an unconventional direction. For instance, it notes that financial markets not only pool and allocate the resources of savers-the role ascribed to them in conventional economics textbooks-but they also discipline enterprises, punishing those unable to meet prescribed financial standards.

Permanent Revolution ranges broadly, delving into how capitalism reshapes the broader society. The system creates wealth in new and, often, unexpected places, and it constantly moves people physically and socially. The result revolutionizes society. Traditional structures based on deference and long experience gradually collapse because they no longer correspond to social reality. Capitalist societies must devise ways to accommodate perpetual change in politics, religion, and society. Much of the diversity, liberty, and flexibility we associate with modern society are the product of capitalist development.
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