What Is Capitalism?
Capital goods are things used to make other things: machines, tools, buildings.
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1.Which two features turn up in definitions of capitalism?
Capital goods are things used to make other things: machines, tools, buildings.
2.What did Smith say we expect our dinner from?
We expect it from their regard to their own interest.
3.By Engels's 1888 wording, who are the capitalist class?
His wording turns on ownership, not on competition.
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Sources (7)
- Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), Book I, Chapter 2 (Of the Principle which gives Occasion to the Division of Labour), Econlib
- Adam Smith, Wealth of Nations (1776), Book I, Chapter 10, Part II, Econlib
- Adam Smith, Wealth of Nations (1776), Book I, Chapter 1 (Of the Division of Labour), Econlib
- Karl Marx and Friedrich Engels, Manifesto of the Communist Party (1848), chapter 1, Marxists Internet Archive
- Merriam-Webster, Dictionary: capitalism (Suchauszug)
- Peter A. Hall and David Soskice (eds.), Varieties of Capitalism: The Institutional Foundations of Comparative Advantage, Oxford University Press (2001), Katalog-/Abstracteintrag (EconPapers)
- Eigene Rechnung: Leos Baeckerei, Marges Baeckerei, Beispiel Wettbewerb
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