Philip Kozel is a graduate of the Economics Department at the University of Massachusetts, Amherst and has taught at the University of Pittsburgh and at Connecticut College where he is currently a Visiting Assistant Professor. His research interests currently include alternative means of distribution, including local currency movements and piracy.

"Drawing on the work of Karl Marx, Adam Smith, and Aristotle, this work delves into what economists and philosophers have said about commodity exchange and its meaning for society. The author examines Smith’s analysis of exchange in Smith’s Wealth of Nations, and presents a critique of Smith’s market sense inspired by Marx. He examines various types of exchange as distinguished by non-liberal scholars, and considers the current debate over globalization." --Reference & Research Book News

• 1. Markets and Market Sense  2. Aristotle's Discourse on Commodity Exchange  3. Adam Smith's Market Sense  4. A Critique of the Market Mystique  5. Simple Exchange, Merchant Capital and Augmented Circulation  6. Liberals and Contemporary Globalization  7. The Market Sense of Contemporary Globalization's Critics.  Appendix.