Related Research Articles
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
Neoliberalism, also neo-liberalism, is a term used to signify the late-20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of conservative and right-libertarian organizations, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society. The defining features of neoliberalism in both thought and practice have been the subject of substantial scholarly debate.
Late capitalism, late-stage capitalism, or end-stage capitalism is a term first used in print by German economist Werner Sombart around the turn of the 20th century. In the late 2010s, the term began to be used in the United States and Canada to refer to perceived absurdities, contradictions, crises, injustices, inequality, and exploitation created by modern business development.
Laissez-faire is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism. As a system of thought, laissez-faire rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system."
Cliometrics, sometimes called new economic history or econometric history, is the systematic application of economic theory, econometric techniques, and other formal or mathematical methods to the study of history. It is a quantitative approach to economic history.
Market fundamentalism, also known as free-market fundamentalism, is a term applied to a strong belief in the ability of unregulated laissez-faire or free-market capitalist policies to solve most economic and social problems. It is often used as pejorative by critics of said beliefs.
The Great Transformation is a book by Karl Polanyi, a Hungarian-American political economist. First published in 1944 by Farrar & Rinehart, it deals with the social and political upheavals that took place in England during the rise of the market economy. Polanyi contends that the modern market economy and the modern nation-state should be understood not as discrete elements but as the single human invention he calls the "Market Society".
Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety to expressing disagreement with particular outcomes of capitalism.
Deirdre Nansen McCloskey is the professor of economics, history, English, and communication at the University of Illinois at Chicago (UIC). She is also adjunct professor of philosophy and classics there, and for five years was a visiting professor of philosophy at Erasmus University, Rotterdam. Since October 2007 she has received six honorary doctorates. In 2013, she received the Julian L. Simon Memorial Award from the Competitive Enterprise Institute for her work examining factors in history that led to advancement in human achievement and prosperity. Her main research interests include the origins of the modern world, the misuse of statistical significance in economics and other sciences, and the study of capitalism, among many others.
Sam Gindin is a Canadian intellectual and activist known for his expertise on the labour movement and the economics of the automobile industry.
Samuel Stebbins Bowles, is an American economist and Professor Emeritus at the University of Massachusetts Amherst, where he continues to teach courses on microeconomics and the theory of institutions. His work belongs to the neo-Marxian tradition of economic thought. However, his perspective on economics is eclectic and draws on various schools of thought, including what he and others refer to as post-Walrasian economics.
Joel Mokyr is a Netherlands-born American-Israeli economic historian. He is a professor of economics and history at Northwestern University, where he has taught since 1974; in 1994 he was named the Robert H. Strotz Professor of Arts and Sciences. He is also a Sackler Professorial Fellow at the University of Tel Aviv's Eitan Berglas School of Economics.
Inclusive capitalism is a theoretical concept and policy movement that seeks to address the growing income and wealth inequality within Western capitalism following the financial crisis of 2007–2008 to improve business and society.
Social democracy is a political, social, and economic philosophy within socialism that supports political and economic democracy. As a policy regime, it is described by academics as advocating economic and social interventions to promote social justice within the framework of a liberal-democratic polity and a capitalist-oriented mixed economy. The protocols and norms used to accomplish this involve a commitment to representative and participatory democracy, measures for income redistribution, regulation of the economy in the general interest, and social welfare provisions. Due to longstanding governance by social democratic parties during the post-war consensus and their influence on socioeconomic policy in Northern and Western Europe, social democracy became associated with Keynesianism, the Nordic model, the social-liberal paradigm, and welfare states within political circles in the late 20th century. It has been described as the most common form of Western or modern socialism, as well as the reformist wing of democratic socialism.
Herbert Gintis was an American economist, behavioral scientist, and educator known for his theoretical contributions to sociobiology, especially altruism, cooperation, epistemic game theory, gene-culture coevolution, efficiency wages, strong reciprocity, and human capital theory. Throughout his career, he worked extensively with economist Samuel Bowles. Their landmark book, Schooling in Capitalist America, had multiple editions in five languages since it was first published in 1976. Their book, A Cooperative Species: Human Reciprocity and its Evolution was published by Princeton University Press in 2011.
A Farewell to Alms: A Brief Economic History of the World is a 2007 book about economic history by Gregory Clark. It is published by Princeton University Press.
Capitalist Realism: Is There No Alternative? is a 2009 book by British philosopher Mark Fisher. It explores Fisher's concept of "capitalist realism", which he describes as "the widespread sense that not only is capitalism the only viable political and economic system, but also that it is now impossible even to imagine a coherent alternative to it."
References
- ↑ Randall E. Parker and Robert Whaples (2013), Routledge Handbook of Modern Economic History, London: Routledge, p. 6.
- ↑ William Sewell (2012), "What's Wrong with Economic History?", History and Theory, 51, 466-76
- ↑ Christopher Lloyd (2013), "Beyond Orthodoxy in Economic History: Has Boldizzoni Resurrected Synthetic-Structural History?", Economic History Research, 9 (2), 66-70
- ↑ Deirdre McCloskey (2013), "The Poverty of Boldizzoni: Resurrecting the German Historical School", p. 3: https://www.elsevier.es/es-revista-investigaciones-historia-economica-economic-328-pdf-S1698698912001129
- ↑ Francesco Boldizzoni (2013), "The Domestication of the Economic Mind", p. 73: https://www.elsevier.es/es-revista-investigaciones-historia-economica-economic-328-pdf-S1698698913000234
- ↑ "Foretelling the End of Capitalism — Francesco Boldizzoni". www.hup.harvard.edu. Retrieved 2020-09-12.
- 1 2 Boldizzoni, Robin Kaiser-Schatzlein interviews Francesco Boldizzoni. "Always Dying, Yet Never Dead: An Interview with Francesco Boldizzoni". Los Angeles Review of Books. Retrieved 2020-09-12.
- 1 2 3 "Interview". Infobae. July 19, 2020. Retrieved September 12, 2020.
- 1 2 3 Boldizzoni, Francesco (2020). Foretelling the End of Capitalism: Intellectual Misadventures since Karl Marx. Cambridge, MA: Harvard University Press. pp. 269–72.
- ↑ Boldizzoni, Francesco. Foretelling the End of Capitalism. p. 272.
