|
|
|
|
|
|
by phaemon
4702 days ago
|
|
|
> In 1932 Lionel Robbins said "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." This is still the modern mainstram definition of capitalism. The quote there appears to be defining "Economics", not "capitalism". I'm curious about this: when did Capitalism stop meaning "the opposite of cottage industry" and start meaning "a market with limited regulation"? Was it Marx that introduced this? |
|
|