an economic and social system in which individuals can maximize profits because they own the means of production
Wiktionary Definition for: Capitalism
cattag politics a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a free market rather than by state control.
cattag economics a socio-economic system based on the abstraction of resources into the form of capital, whether privately or state owned and regulated.
Do-good Capitalism: Fad or Fixture?we'd better hope not...I propose framing the discussion along the lines of this: "The economics of Sustainable Capitalism will become increasingly apparent as the global economy, along with the global ecology, undergo a radical and exciting shift because of the 'Do-bad Capitalism' of the past two...
In this essay I will present an overview of ongoing changes within and pressures upon U.S. higher education, as filtered through its familiar hierarchy of colleges and universities. What do I mean by "academic capitalism"? I borrow the term from the work of Sheila Slaughter and Gary Rhoades. Slaughter...
BUYOUTS are the most visible sign of the revolt against punter-capitalism. That does not mean they are its only alternative. The AngloSaxon version of stockmarket ownership and institutionalised savings never caught on in some countries; and even in America and Britain there are conspicuous exceptions to...
Capitalism is often defined as an economic system where private actors are allowed to own and control the use of property in accord with their own interests, and where the invisible hand of the pricing mechanism coordinates supply and demand in markets in a way that is automatically in the...
Those who wish to promote change should look closely at what sustains the present system. One reason capitalism doesn't collapse despite its many weaknesses and valiant opposition movements is because of the "nonprofit sector." Yet philanthropic capital, its investment and its distribution, are generally neglected by the critics of capitalism....
This paper discusses the future of the MBA as a business qualification. It takes a very broad approach, reflecting on the evolution of Capitalism into New Capitalism the Market Economy and the implications and contradictions which make its current state a transitional phase. The paper goes on to discuss the...
Introduction It has long been recognized that capitalism depends upon the rule of law and property rights. Without the enforcement of these two underpinnings of a free market system, capitalism does not operate efficiently. As Hayek (1960:159) put it: "When we obey laws, in the sense of general abstract...
For more than four decades, Cuban leader Fidel Castro has tried to keep traces of capitalism off his island nation. But from the moment visitors arrive at the Jose Marti International Airport in Havana, signs abound that capitalism has been seeping into Cuba, reports The Houston ...
Can 'Creative Capitalism' Solve Big World Problems?RE: Can 'Creative Capitalism' Solve Big World Problems?Business is both the problem and the solution. It only makes sense that what created most of the world's problems would be the thing that solves them. Business ruins, improves and runs the world.There is a growing...
(12min 11) Is capitalism holding us back? Speculative investment is great for helping to kick off high risk ventures but, at some point, we need to look at the good of society. Can unfeterred capitalism be trusted to assist in the development of longer term investment projects, or is it...
By Jenalia Moreno, Houston Chronicle Knight Ridder/Tribune Business News Apr. 23--HAVANA -- For more than four decades, Cuban leader Fidel Castro has tried to keep traces of capitalism off his island nation. And ever since President Kennedy imposed a trade embargo...
American Capitalism in Crisis?RE: American Capitalism in Crisis?You can't use this to develop an opinion of Phillips' book? Fine, I'll give you one: if you've read "American Theocracy" you should skip this book. If you haven't read it and the topic interests you, then it's worth considering. But...
Markham Lee submits: The first thing I thought of when I heard of the Government takeover of the Mortgage GSEs was: "is American style capitalism dead?" Can we claim to have a free market, lightly regulated economic system when our government steps in with taxpayer funds no less to back-stop...
CHICAGO AFP — Communism may be oppressive, but it seems as though capitalism is bad for men's health, according to a recent study which found significant increases in mortality rates after the collapse of the Soviet Union. The life expectancy for men freed from the Iron Curtain dropped by...
Selling Yellowstone: Capitalism and the Construction of Nature. By Mark Daniel Barringer. Lawrence: University Press of Kansas, 2002. viii + 238 pp. Illustrations, maps, notes, index $29.95.Just when you think that everything possible has been written about Yellowstone National Park, yet another book is published. Mark Barringer'sSelling Yellowstone: Capitalism and...
MILITARY STATE CAPITALISM Clearly the war in the Persian Gulf was not the noble cause that George Bush said it was. But neither can it be comprehended solely in terms of Realpolitik or naked economic interest. Behind the U.S. war in the gulf lies a...
I don't know if you've noticed, but capitalism in a crashing market is not as much fun as capitalism on the way up. It can be hard on manners, mood and general decorum as you watch those Pina Colada's melt away with each new bar graph. ...
Sometime before the end of the year, a milestone in American capitalism will pass. Wal-Mart Stores' annual sales are on track to exceed those of General Motors, the largest American company for much of the last half-century.
