Pop quiz: The airline industry is an example of what market structure? If you answered oligopoly — in which an industry is dominated by a few powerful firms — you'd score a point on the capitalism ...

Dr. Beckert, a Harvard professor, is the author of a forthcoming book on the history of capitalism. Few things are more disconcerting than feeling the ground shift beneath you, as anyone who has ...

In September, 1639, John Winthrop, the governor of the Massachusetts Bay Colony, recorded in his journal a dreadful tale of Puritan true crime. One Robert Keayne had prospered as a London merchant ...

In a bold new history, Sven Beckert traces the origins of our modern economy, from global port cities to the halls of power. Centuries ago, Beckert writes, investors traveled to remote corners of the ...

H. Sami Karaca receives funding from the Ravi K. Mehrotra Institute. While many people bandy around the term “capitalism,” it actually comes in many different forms. The most basic definition of ...