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date: 22 September 2020

(p. vii) Preface

(p. vii) Preface

This handbook has three objectives: (1) to describe the advantages of capitalist sytems, (2) to discuss some of their disadvantages, and (3) to describe some of the differences in capitalist systems in different countries. In putting this volume together, I have been fortunate in being able to work with a great group of scholars.

The original outline included two additional chapters: one discussing market competition, and a second describing capitalist institutions in Europe. Unfortunately, these chapters did not materialize. Because the first of these would have focused on the positive side of capitalism, its absence makes the volume seem a bit more critical of capitalist institutions than was originally intended. This bias would have been even greater had Thorsten Beck not offered to write a second chapter on financial markets. Despite the two missing chapters, I think the diligent reader will come away with a rather complete picture of capitalism's pluses and minuses.

In putting this volume together, I have been greatly aided by Heide Wurm, who has edited the essays and made sure that they are properly formatted. I thank her for all of her efforts. (p. viii)