What is capitalism? Most people would describe it as a free-market economy. But this description falls short. And it prevents us from tackling one of the most important questions of our time: What is wrong with capitalism, and how can we fix it?

In this trailblazing book, Jonathan McMillan provides a corrective to certain deeply held but misguided economic beliefs. Offering a novel perspective on capitalism, he exposes a fundamental flaw in our financial architecture. It becomes clear: Neither more regulation nor better technology will relieve our economic woes.

McMillan then provides what is so missing from current debates. He puts the troubles with banking into a bigger context to develop a radical yet thoughtful reform proposal. Our economic order must change, and Capitalism and the Market Economy provides the playbook to do so.