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Academic capital is not to be confused with other terms that sound familiar—academic capitalism, intellectual capital. Intellectual capital is a business term for the collective knowledge in an organization, considered a capital cost. Academic capitalism is when universities act like profit-seeking organizations that market the knowledge that ...
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. [a] It is characterized by private property
This is an accepted version of this page This is the latest accepted revision, reviewed on 13 February 2025. Scottish economist and philosopher (1723–1790) This article is about the Scottish economist and philosopher. For other people named Adam Smith, see Adam Smith (disambiguation). Adam Smith FRS FRSE FRSA Posthumous Muir portrait, c. 1800 Born c. 16 June [O.S. c. 5 June] 1723 Kirkcaldy ...
The term educational capital is a concept that expands upon the theoretical ideas of French sociologist and anthropologist Pierre Bourdieu who applied the notion of capital to social capital, cultural capital, and symbolic capital. [1]
Capitalism’s rationale to proponents and critics alike has long been recognized to be its dynamism, that is, its innovations and, more subtly, its selectiveness in the innovations it tries out.
Instructional capital in the academic sense is clearly separate from either individual persons or social bonds between them. This theory is the basis of triple bottom line accounting and is further developed in ecological economics, welfare economics and the various theories of green economics. All of which use a particularly abstract notion of ...
Adam Smith. The classical school of economic thought emerged in Britain in the late 18th century. The classical political economists Adam Smith, David Ricardo, Jean-Baptiste Say and John Stuart Mill published analyses of the production, distribution and exchange of goods in a market that have since formed the basis of study for most contemporary economists.
Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behavior.Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other.