A blast from the past:
1981, Borin's first ever 'Beginners' book.
Capitalism for Beginners.
LeKachman, Robert and Borin Van Loon.
Highly readable, and illustrated with cartoons. Explains the theories
Adam Smith, Karl Marx, John Maynard Keynes, Milton Friedman, and others.
This is another of the
excellent documentary "comic books"
published by Pantheon Books. However, just because it is a "comic book"
and uses well-selected illustrations to drive home its point (often
considerable good-natured humor), do not think that it isn't also an
and well-researched guide into the workings of the capitalist system.
book isn't a piece of "free market" propoganda. The author consistantly
points out the shortcomings, absurdities, and out right injustice of
system. In fact, his examination of why so many Americans continue to
the capitalist system, when it is clearly contrary to the best
of 9 out of 10 of us, is among the best I've seen. After reading this
you will know the basic textbook concepts of economics. You will know
from monetism, and microeconomics from macroeconomics. You will be
with the theories of Adam Smith, Karl Marx, John Maynard Keynes, F.A.
and Milton Freidman. You will understand the law of the falling rate of
profit, and how paying lower wages can only temporarily offset this.
will know what a multinational corporation is and how they operate.
the author's warning about "corporatism" (in 1981) is down right
prophetic. Some people might be tempted to write this book off as dated
or obsolete because it was first published in 1981. On the contrary,
of the good old "business cycle" conditions are once again very
simular to those of the early eighties.... The author is no wild-eyed
He was a Distinguished Professor of Economics at the City University of
New York.[5 star review]
throughout this site belongs to Borin Van Loon