John Atkinson Hobson & V. I. Lenin 
The Evolution Of Modern Capitalism – A Study Of Machine Production 
With an Excerpt From Imperialism, The Highest Stage of Capitalism By V. I. Lenin

First published in 1902, “The Evolution Of Modern Capitalism” looks at the effects that the industrial revolution had had on contemporary capitalism, focusing primarily on the introduction of machinery into production. Contents include: “The Structure of Industry Before Machinery”, “The Order of Development of Machine Industry”, “The Structure of Modern Industry”, “The Formation of monopolies in Capital”, “Economic Powers of the Trust”, “Machinery and Industrial Depression”, etc. This fascinating volume will appeal to those with an interest in the history of modern capitalism and is not to be missed by collectors of Hobson’s seminal work. John Atkinson Hobson (1858 – 1940) was an English social scientist and economist most famous for his work on imperialism—which notably had an influence on Vladimir Lenin—as well as his theory of underconsumption. His early work also questioned the classical theory of rent and predicted the Neoclassical ‘marginal productivity’ theory of distribution. Other notable works by this author include: “Evolution of Modern Capitalism” (1894), “Problem of the Unemployed” (1896), and “John Ruskin: Social Reformer” (1898). Many vintage books such as this are becoming increasingly scarce and expensive. We are republishing this volume now in an affordable, modern, high-quality edition together with an excerpt from “Imperialism, The Highest Stage of Capitalism” by V. I. Lenin.