The Evolution of Modern Capitalism

Name: The Evolution of Modern Capitalism
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ISBN: 9781025377063

A Study of Machine Production

John S Hobson

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Paperback

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English

Tradd Street Press
14 February 2026

Social theory; Economic theory & philosophy; Economic history

Summary
Details

""The Evolution of Modern Capitalism: A Study of Machine Production"" is a foundational examination of the transformation of industrial society through the lens of technological advancement and economic theory. The work explores the profound shift from manual craftsmanship to the dominance of large-scale machine production, meticulously tracing the growth of the factory system and the emergence of the modern corporation. By analyzing the technical progress of the nineteenth and early twentieth centuries, the text investigates how the mechanization of industry reshaped the fundamental relationship between capital and labor.

The study delves into the complexities of market structures, the concentration of wealth, and the cyclical nature of economic crises. It offers significant insights into the role of underconsumption and the inherent instabilities of the capitalist system. As a seminal contribution to both economic history and sociology, the work provides a detailed look at the forces that constructed the modern industrial landscape. Readers will encounter a rigorous investigation of the ethical and economic challenges posed by rapid industrialization, making this book an essential resource for understanding the historical foundations of contemporary global markets and the evolution of production.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you may see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.

As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

By: John S Hobson
Imprint: Tradd Street Press
Dimensions: Height: 234mm, Width: 156mm, Spine: 27mm
Weight: 735g
ISBN: 9781025377063
ISBN 10: 1025377060
Pages: 530
Publication Date: 14 February 2026
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active