Search results
Capitalism is an economic system based on the private ownership of the means of production, and their operation for profit. Other characteristics include free trade, capital accumulation, voluntary exchange, wage labor, etc. Its emergence, evolution, and spread are the subjects of extensive research and debate.
May 28, 2024 · Capitalism, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately held and production, prices, and incomes are determined by markets. Learn more about the history and development of capitalism in this article.
May 8, 2024 · Capitalism is an economic and political system where trade and industry are controlled by private owners for profit. Its core principles are accumulation, ownership, and profiting from capital.
- Daniel Liberto
- 2 min
Jan 7, 2018 · In fact, the system of capitalism has gone through three distinct epochs, beginning with mercantile, moving on to classical (or competitive), and then evolving into Keynesianism or state capitalism in the 20th century before it would morph once more into the global capitalism we know today.
May 24, 2023 · Definitions of capitalism are often influenced by the author’s interpretation of its history and development. Of course, how and why capitalism emerged is also much debated, but interpretations can be broadly grouped into two camps.
- Megan Copeland
Contemporary capitalist societies developed in the West from 1950 to the present and this type of system continues throughout the world—relevant examples started in the United States after the 1950s, France after the 1960s, Spain after the 1970s, Poland after 2015, and others.
Nov 28, 2020 · For a prominent example of global economic history eschewing ‘capitalism’ and substituting ‘property rights’, see Daron Acemoglu, Simon Johnson and James A. Robinson, ‘The Colonial Origins of Comparative Development: An Empirical Investigation’, American Economic Review, xci, no. 5 (2001).
