Open access peer-reviewed Edited Volume

Capitalism in a Socialist World

Chee-Heong Quah

University of Malaya


Classical Liberalism Classical Economics Hayek Milton Friedman Entrepreneur Workers Income Redistribution Democratic Party Crony Capitalism Socialism Cryptocurrency Innovation

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About the book

In the tradition of classical liberalism and the Austrian school of economics, this volume revisits and defends capitalism, the free market individualistic system that brings about the great prosperity and liberty to mankind of which most has been taken for granted by democracies today. More and more of the populace are calling for more government in providing welfare, redistributing income, regulating business, and restraining the very "invisible hand" that created modern civilization. To bring them back to the right track of growth, prosperity, and freedom, the included chapters narrate with clear illustrations the goods of free-market capitalism; the beauty of voluntary exchange and arrangement; the superiority of individual actions; the perils of socialism and socialist democracies; and the ways capitalists and entrepreneurs cope with rising socialism. In addition, readers will get to understand the economics, the logic, and the mechanisms behind capitalism which can be applied in their daily life.

Publishing process

Book initiated and editor appointed

Date completed: May 26th 2020

Applications to edit the book are assessed and a suitable editor is selected, at which point the process begins.

Chapter proposals submitted and reviewed

Deadline Extended: Open for Submissions

Potential authors submit chapter proposals ready for review by the academic editor and our publishing review team.

Approved chapters written in full and submitted

Deadline for full chapters: August 15th 2020

Once approved by the academic editor and publishing review team, chapters are written and submitted according to pre-agreed parameters

Full chapters peer reviewed

Review results due: November 3rd 2020

Full chapter manuscripts are screened for plagiarism and undergo a Main Editor Peer Review. Results are sent to authors within 30 days of submission, with suggestions for rounds of revisions.

Book compiled, published and promoted

Expected publication date: January 2nd 2021

All chapters are copy-checked and typesetted before being published. IntechOpen regularly submits its books to major databases for evaluation and coverage, including the Clarivate Analytics Book Citation Index in the Web of ScienceTM Core Collection. Other discipline-specific databases are also targeted, such as Web of Science's BIOSIS Previews.

About the editor

Chee-Heong Quah

University of Malaya

Chee-Heong Quah, PhD. is a senior lecturer at the Faculty of Business and Accountancy, University of Malaya. His research interests encompass international economics, monetary integration, financial crisis, optimum currency areas, and Austrian economics. His works have been published in scientific journals such as Asia Pacific Business Review; International Finance; Journal of Business, Economics, and Management; Journal of the Asia Pacific Economy; Actual Economic Problems; African Journal of Business and Management; South Asian Journal of Management; and International Journal of Asia Pacific Studies, of which some are ranked by Web of Science and/or Scopus.

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