The essential feature of capitalism is the motive to make a profit. As Adam Smith, the 18th century philosopher and father of modern economics, said: “It is not from the benevolence of the butcher, ...

McCraw, T. K., ed. Creating Modern Capitalism: How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions. Cambridge, MA: Harvard ...

The impulses generated by the subterranean contradictions of capitalism do not directly translate themselves into socialist forms of thinking. The response of the working class to a given ...

I support true capitalism, but don’t see modern America as “capitalist.” Capitalism thrives in our local businesses. Corporate America is a “managerial” economy with goals different than capitalists ...