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Jul 27, 2003 · Capitalism is the dominant economic system in today’s world, and there appears to be no alternatives in sight. 1 Socialism, its main competitor, has been weakened immeasurably by the collapse of the Soviet Union in the early 1990s.
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Oct 18, 2023 · Almost every major theory of capitalism recognizes the embedded nature of the economic system in social relations. For this reason, capitalism cannot be another term for the economic system; it is both a political economy and a system of social reproduction.
- Structural Innovations at The Company Level
- Growth as The Main Achievement of Capitalism
- The Socialist Alternative
In the previous section, I focused on the capitalist enterprise in elaborating the structural innovations that came into the world with capitalism. Capitalism, as Weber stressed, is present where the needs of large groups of people are met by means of enterprise activities (cf. Weber 1981, 238).Footnote 9 A capitalist firm is, first and foremost, a...
The profoundly improved provision of the population with everyday goods and the dramatic increase in life expectancy would not have been possible without a reliably growing economy, that is, precisely without the basic feature of capitalist economies that has fallen into such disrepute in the post-growth literature. There are certainly dark sides t...
In the last section, I concurred with Schumpeter’s view that “the capitalist process, not by coincidence but by virtue of its mechanism, progressively raises the standard of life of the masses … One problem after another of the supply of commodities to the masses have been successfully solved by being brought within the reach of the methods of capi...
- Johannes Berger
- jberger@mail.uni-mannheim.de
- 2021
Jan 10, 2024 · Capitalism is a fundamental concept in sociology that has shaped the economic and social structures of societies around the world. It is an economic system characterized by private ownership of the means of production and the pursuit of profit.
Apr 7, 2022 · Definition of Capitalism. The type of economy known as capitalism is one in which the mode of production and the capital are privately funded and privately operated. In this economic system, capital owners, or capitalists, pay wages and receive benefits regarding product sales and profits.
For sociologists capitalism has mainly been of interest for its social effects—how it has led to class struggle, anomie, inequality, and so-cial problems more generally. Capitalism as an economic system in its own right and as a generator of wealth has been of considerably less interest.
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Jul 15, 2023 · What is capitalism? How does it work? What is its origin? How does it perpetuate itself over time? What effects does it have on social and individual life in all its dimensions? Why has it survived and overlapped with other forms of social organization? Will it ever end?
