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NOTE: Although the following article has not been revised for this edition of the Encyclopedia, the substantive coverage is currently appropriate. The editors have provided a list of recent works at the end of the article to facilitate research and...

Capitalism is both a special kind of self-organizing system for structuring economic activity and a historical movement in support of such a system. Its first full development is generally taken to have occurred in the late-eighteenth and...

The term capitalism relates to a particular system of socioeconomic organization (generally contrasted with feudalism and socialism), the nature of which is more often defined implicitly than explicitly. In common with other value-loaded concepts of...

Capitalism eludes its definitions. It has been called free enterprise and defined as production for a global *market in which goods, services and labour are priced. Ownership is private and alienable and that which is owned can easily change hands in a...

At its most simple and value-free, the term capitalism is used to describe any economic system where there is a combination of private property, a relatively free and competitive market, and a general assumption that the bulk of the work-force will be...

The bowdlerization of Erich von Stroheim's Greed (1924) is almost more famous than the film itself. An adaptation of McTeague, Frank Norris' epic novel of avarice, desire, and disintegration, it stars Gibson Gowland as the dentist...

1 A socioeconomic system of production using ROUNDABOUT METHODS OF PRODUCTION. 2 An ECONOMY based on private enterprise. 3 The use of markets not planning to allocate economic resources. 4 Production motivated by the profit motive. The PHYSIOCRATS and...

Economic system in which most of the means of production are privately owned, and production is guided and income distributed largely through the operation of markets. Capitalism has been dominant in the Western world since the end of mercantilism. It...

A decentralized CAPITALIST economy which permits private ownership of business, much freedom of decision making and the absence of most government direction except the regulation of MONOPOLY and PUBLIC UTILITIES and corporate taxation. See also:...

An economic system noted for high wages, high international competitiveness and a promotion of social cohesion through strong trade unions, labour-management co-operation and high levels of spending on health care and...

An ECONOMY which allows a large proportion of the population to share in the profits arising from private ownership under CAPITALISM, usually through WIDER SHARE...

The phase of CAPITALISM beginning with the INDUSTRIAL REVOLUTION; the stage of economic development following MERCHANT...

The co-ordination of the independent production decisions of independent companies in late capitalist...

Under capitalism man exploits man; under socialism the reverse is true....

For other uses, see Capitalism (disambiguation). Capitalism generally refers to an economic and social system in which the means of production are predominantly privately[1][2] owned and operated for profit, and in which investments, distribution,...