Book(electronic)2015

Capitalism

In: Political and Economic Systems v.1

In: Political and Economic Systems Ser. v.1

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Abstract

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

Languages

English

Publisher

Britannica Educational Publishing

ISBN

9781622753598

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