The Capitalist's Bible: The Essential Guide to Free Markets-and Why They Matter to You: The Essential Guide to Free Markets―and Why They Matter to You – A Political Economy Primer - Softcover

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Gretchen Morgenson is an assistant business and financial editor and a columnist at the New York Times, where she has covered the world financial markets since 1998 and won the Pulitzer Prize for her "trenchant and incisive" coverage of Wall Street. Having worked as a stockbroker at Dean Witter Reynolds in the early 1980s, Morgenson lends her reporting a depth of knowledge and skepticism uncommon in financial journalism.

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Everything you ever wanted—and needed—to know about capitalism . . . but were afraid to ask.

What is capitalism, and will it survive? What does globalization really mean—and how does it affect your bank account? If capitalism, left unchecked, has caused disasters like the Great Depression and the financial crisis of 2008–09, why has it been the economic system of choice for centuries? To many people, the complex, jargon-rich world of capitalism can be intimidating, raising more questions than it answers. However, as the excesses and failures of free-market capitalism continue to hold sway over the daily news and our daily lives, understanding our economic system—including where it has succeeded and where it has not—is more important than ever.

Edited by New York Times business journalist Gretchen Morgenson, The Capitalist's Bible is the essential reference on capitalism and how it works—from the people who champion it to the mechanisms and institutions that uphold it to the terms and laws that define it. Whether you seek a more well-rounded understanding of the ideology that underwrites America's—and, increasingly, the world's—economy, or simply wish to be able to speak more knowledgeably on the subject in conversation, this book is an invaluable tool for understanding capitalism.