| Author: | Richard Smalbach | ISBN: | 9781622753604 |
| Publisher: | Britannica Educational Publishing | Publication: | July 15, 2014 |
| Imprint: | Britannica Educational Publishing | Language: | English |
| Author: | Richard Smalbach |
| ISBN: | 9781622753604 |
| Publisher: | Britannica Educational Publishing |
| Publication: | July 15, 2014 |
| Imprint: | Britannica Educational Publishing |
| Language: | English |
Capitalism is first and foremost an economic system that prizes free and competitive markets, private ownership, and a comparatively small role for government intervention and regulation. Yet capitalism also has many political undertones and has become associated with notions of freedom, individualism, self-determination, and anti-unionism. As a political and economic philosophy, it was a major player in the Cold War, squaring off against communism and seemingly triumphing. The colorful history of this economic system that doubles as a political philosophy is recounted here, from Medieval-era experiments in agraian capitalism and mercantilism to the 21st century digital economiy and bitcoins. This is a fascinating and provocative read and an immersive journey through the political and economic history of the modern world.
Capitalism is first and foremost an economic system that prizes free and competitive markets, private ownership, and a comparatively small role for government intervention and regulation. Yet capitalism also has many political undertones and has become associated with notions of freedom, individualism, self-determination, and anti-unionism. As a political and economic philosophy, it was a major player in the Cold War, squaring off against communism and seemingly triumphing. The colorful history of this economic system that doubles as a political philosophy is recounted here, from Medieval-era experiments in agraian capitalism and mercantilism to the 21st century digital economiy and bitcoins. This is a fascinating and provocative read and an immersive journey through the political and economic history of the modern world.
