Gerhard Willke
Capitalism
Capitalism as an economic and social system has often come under fire, but has nevertheless triumphed globally. This raises the question of its "recipe for success." Gerhard Willke outlines the history and foundations of capitalism and examines its key advocates and detractors from Adam Smith to Marx, Sombart, Weber and Schumpeter. He also discusses the roles of the state (regulation) and culture (norms and legitimation).