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Feb 19, 2013 · By presenting both classical and contemporary theory and research, the volume identifies and describes the continuity between past and present, and the move from economics to economic sociology.
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CAPITALISM is often thought of as an economic system in which private actors own and control property in accord with their interests, and de-mand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.
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Chapter 4. What Is Capitalism? Before we entrust the education of the nation’s roughly 47 million school-aged children to the institutions and processes of capi-talism, it is valuable to review how capitalism works and what distinguishes it from other types of economic systems.
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In 1870 Albert Schäfle, a liberal- conservative professor of political economy, pub-lished his book Capitalism and Socialism with Special At tention to Forms of Business and Property. In this book he delved into the conflict between wage labor and capital.
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The book traces the history of capitalism, explains some of the key ideas of those who support it, and reviews the criticisms of those who do not. And it provides a frank assessment of capitalism’s strengths and weaknesses, and of its future. Who the book is for This book is written in plain, straightforward language,
Capitalism, as I define the term, is an indirect system of governance based on a complex and continually evolving political bargain in which private actors are empowered by a political authority to own and control the use of property for private gain subject to a set of laws and regulations.
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trace progression up to the “Promised Land” of capitalism in America. Adopting a wide geographical coverage and comparative perspective, the international team of authors discuss the contributions of Greek, Roman, and Asian civilizations to the development of capitalism, as well as the Chinese, Indian, and Arab empires.
