"CAPITALISM CANNOT EXIST IN A WORLD OF COMPLETE SCARCITY"
PITKIN, Walter B. Capitalism Carries On. New York and London: Whittlesey House, (1935). Octavo, original blue cloth, original dust jacket. $100.
First edition of this work on the threats to capitalism from labor and business and the ways it may be saved.
"The author identifies the capitalist system with the middle class and expatiates on the danger lest this class be crushed between big business and the labor element" (Foreign Affairs)."Pitkin's books all sell… At first, one feels that it is distinctly reactionary, in the plea for sustaining capitalism, as an American method. But then he goes on to develop his thesis; Capitalism has weathered some storms, it is—in a modified form—better adapted to American set-up, it has a chance to put its house in order, to abandon the profit system, and to work with governmental regimentation toward a constructive rebuilding of the economic scheme. Based on pretty sound understanding of the psychology of the vast conservative public" (Kirkus).
Book fine, dust jacket near-fine with minor rubbing and slight soiling.