Book notes: Why Capitalism?

Why Capitalism by Allan H Meltzer

Allan H Meltzer, Why Capitalism? Oxford University Press, 2012, 176 pages

This short book, comprising a preface and six chapters, derives from a course that professor Allan Meltzer has taught for ‘many years’ to MBA students at Carnegie Mellon University’s Tepper School. It is aimed, though, at the interested general reader and is not a university textbook – apart from obvious signs of this, such as brevity and lack of coloured charts and diagrams, it is too well written.

To quote from the

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