Ahmed Afzaal

The Nature and Logic of Capitalism (4)

In chapter 5 of The Nature and Logic of Capitalism (titled “The Ideology of Capital”), Heilbroner discusses the role of ideology under capitalism, as seen in three different areas of social life: economic, political, and cultural. Heilbroner defines ideology as a system of… Read More

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The Nature and Logic of Capitalism (3)

Chapter 4 of The Nature and Logic of Capitalism is titled “The Role of the State.” The issue here is the nature of the relationship between two kinds of power, political and economic. Heilbroner begins by noting that a… Read More

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The Nature and Logic of Capitalism (2)

Heilbroner begins chapter 3 (“The Regime of Capital”) by reiterating the main points from the first two chapters. He describes capitalism as a “stratified society in which the accumulation of wealth fulfills two functions: the realization of prestige… Read More

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