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This is an accepted version of this page This is the latest accepted revision, reviewed on 29 January 2025. Economic system based on private ownership This article is about an economic system. For other uses, see Capitalism (disambiguation). "Capitalist" redirects here. For other uses, see Capitalist (disambiguation). Part of a series on Capitalism Concepts Austerity Business Business cycle ...
Public and political interest began shifting away from the so-called collectivist concerns of Keynes's managed capitalism to a focus on individual choice, called "remarketized capitalism". [ 40 ] The three booming decades that followed the Second World War, according to political economist Clara E. Mattei, were an anomaly in the history of ...
Ayn Rand defined capitalism as a social system based on the recognition of individual rights, including property rights, in which all property is privately owned, and called it the unknown ideal. [1] Robert LeFevre , an American libertarian and primary theorist of autarchism , defined capitalism as savings and capital —in essence—as savings ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 24 January 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 study of, and critique, of political economy is a project that Marx would pursue for the rest of his life [76] and would result in his major economic work—the three-volume series called Das Kapital. [77] Marxism is based in large part on three influences: Hegel's dialectics, French utopian socialism and British political economy.
Those words, from the pen of the loquacious Albert Edwards of Societe Generale, shocked the Wall Street analyst set last April and set Alberts on his way to becoming a financial press favorite for ...
“Economic inequality” is a phrase that not long ago was seldom heard outside various ivory towers. But in recent years, the proliferation of billionaires, contrasting shrinkage of the middle ...
In Das Kapital (1867), Marx proposes that the motivating force of capitalism is in the exploitation of labor, whose unpaid work is the ultimate source of surplus value.The owner of the means of production is able to claim the right to this surplus value because they are legally protected by the ruling regime through property rights and the legally established distribution of shares which are ...