The second revised and updated edition continues to focus on the emergence, evolution and working of the capitalist system with the help of some of the major principles and theories of economics. The revised second edition of this textbook continues to focus on the emergence, evolution and working of the capitalist system with the help of some of the major principles and theories of economics. Economy and Society relates economic life to other aspects of our lives - social, cultural, political, religious and intellectual. It comprehensively analyses the importance of politics and culture to the functioning of the economy. Instead of presenting a traditional analysis of the capitalist system, this edition explores the relationship between economy and society. It examines the Marxist approach to the evolution of human civilizations in terms of thesis, anti-thesis and synthesis. -- Provided by publisher.