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 ...
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