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Idea of Capitalism before the Industrial Revolution
Paperback
Series: Critical Issues in World and International History
ISBN13: 9780847696338
Publisher: Rowman & Littlefield Publishers
Published: Oct 13 1999
Pages: 138
Weight: 0.34
Height: 0.36 Width: 5.85 Depth: 8.95
Language: English
Invented in post-industrial 19th century Europe, the idea of capitalism originally sought to describe and explain the distinctive characteristics of an emerging modern world. Since then, capitalism has served to identify an economic system, a particular social structure, and a set of cultural values and mental attitudes. The subject of continuous debate among scholars for more than a century, capitalism has been accorded so many definitions, it is now virtually meaningless. Depending upon the interpreter, capitalism is synonymous with the market economy, the division of labor, credit creation, economic concentration, social polarization, class formation, the decline of kinship and community, patriarchy, property rights, contracts, acquisitiveness, the work ethic, conspicuous consumption, individualism and entrepreneurship.
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