Introduction; 1: The Evolution of the Modern World Economy; 1: The Global Economy, AD 1400-1800: Comparisons and Relations; 2: The British Industrial Revolution; Section 2: Economic Agents; 3: Households; 4: More on Consumer Demand; 5: Organizations; 3: How Markets Work; 6: Competition and Power in Markets; 4: Market Failure; 7: When Markets Fail; Section 5: The Global Market; 8: International Trade; 9: Protectionism and Industrialization: A Historical Perspective; 10: Multinational Corporations; 11: Globalization in the Age of Empire; 6: Markets: Good Servants, Bad Masters?; 12: The Diversity of Capitalisms; 13: Capitalism and Global Free Markets; 14: Why Did East Asia Grow so Fast?