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The End of History and the Last Man

The End of History and the Last Man, by Francis Fukuyama, is a political book of philosophy which proposes that with the ascendancy of Western liberal democracy – occurred after the Cold War and the dissolution of the Soviet Union – humanity had ...

Ersatz capitalism (Southeast Asia)

Ersatz capitalism is Kunio Yoshiharas analysis of Southeast Asian economic development as a sort of pseudo-capitalism, referring to government and business actors’ abilities to utilize a nations comparative advantages and artificially motivate an ...

Extensive stage

Extensive stage, or by its full name, the predominantly extensive stage of accumulation, pertains to one of the periodizations of capitalism, as proposed by Aglietta. It is the first stage of capitalism. It is also known as the early stage. Durin ...

Fame and Fortune Weekly

The magazine was started in 1905 with the name Fame and Fortune Weekly. The first issue appeared on October 6, 1905. The magazine was redesigned as a pulp magazine and renamed as Fame and Fortune Magazine in October 1928. The frequency of the mag ...

Finance capitalism

Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. Financial capitalism is thus a form of capitalism where the intermediation of saving to investm ...

Free market

In economics, a free market is a system in which the prices for goods and services are self-regulated by the open market and by consumers. In a free market, the laws and forces of supply and demand are free from any intervention by a government o ...

Gentlemanly capitalism

Gentlemanly capitalism is a theory of New Imperialism first put forward by the historians Peter J. Cain and A. G. Hopkins in the 1980s and developed in their 1993 work British Imperialism. The theory posits that British imperialism was driven by ...

Guard labor

Guard labor is wage labor and other activities that are said to maintain a capitalist system. Things that are generally characterized as guard labor include: management, guards, military personnel, and prison officers. Samuel Bowles has expanded ...

Heroic capitalism

Heroic capitalism or dynamic capitalism was a concept that Italian Fascism took from Werner Sombarts explanations of capitalist development. This phase was known by Sombart as early capitalism. In 1933, Benito Mussolini claimed that capitalism be ...

History of capitalist theory

A theory of capitalism describes the essential features of capitalism and how it functions. The history of various such theories is the subject of this article.

Humanistic capitalism

Humanistic capitalism is a concept that seeks to marry humanism, specifically the safety and health needs of people and the environment, with an embrace of market forces and a market-based economy. Muhammad Yunus describes Humanistic Capitalism a ...

Immiseration thesis

In Marxist theory and Marxian economics, the immiseration thesis is derived from Karl Marxs analysis of economic development in capitalism, implying that the nature of capitalist production stabilizes real wages, reducing wage growth relative to ...

Inclusive capitalism

Inclusive capitalism is a term composed of two complementary meanings: poverty is a significant, systemic problem in countries which have already embraced or are transitioning towards capitalistic economies, and companies and non-governmental org ...

Intensive stage

Intensive stage, or by its full name, predominantly intensive stage of accumulation pertains to one of the periodizations of capitalism, as proposed by Aglietta. It is the second stage of capitalism: when the extensive stage becomes exhausted, ex ...

Capitalism and Islam

Proto-capitalist economies and free markets were active during the Islamic Golden Age and Muslim Agricultural Revolution, where an early market economy and form of merchant capitalism took root between the 8th–12th centuries. A vigorous monetary ...

Labour supply

In mainstream economic theories, the labour supply is the total hours that workers wish to work at a given real wage rate. It is frequently represented graphically by a labour supply curve, which shows hypothetical wage rates plotted vertically a ...

Laissez-faire

Laissez-faire ; from French: laissez faire, lit. let do) is an economic system in which transactions between private parties are absent of any form of government intervention such as regulation, taxation, privileges, imperialism, tariffs and subs ...

Late capitalism

Late capitalism, or Late-stage capitalism, is a term first used in print by German economist Werner Sombart around the turn of the 20th century. Since 2016, the term has been used in the United States and Canada to refer to perceived absurdities, ...

Market abolitionism

Market abolitionism is the belief that the economic market should be completely eliminated from society. Market abolitionists argue that markets are ethically abhorrent, antisocial and fundamentally incompatible with long term human and environme ...

Merchant capitalism

Some economic historians use the term merchant capitalism to refer to the earliest phase in the development of capitalism as an economic and social system. However, others argue that mercantilism, which has flourished widely in the world without ...

The Moral Case for Fossil Fuels

The Moral Case for Fossil Fuels is a 2014 book by American energy theorist Alex Epstein, in which the author argues that, although sometimes labeled as "immoral," the use of fossil fuels dramatically improves the overall progress of humanity, and ...

Narco-state

Narco-state is a political and economic term applied to countries where all legitimate institutions become penetrated by the power and wealth of the illegal drug trade. The term was first used to describe Bolivia following the 1980 coup of Luis G ...

No Turning Back (political group)

No Turning Back is a group within the British Conservative Party advocating Thatcherite policies. It was founded in 1985 to defend Margaret Thatchers free-market reforms. The group was named in honour of Thatchers 1980 Conservative conference quo ...

Objectivism (Ayn Rand)

Objectivism is a philosophical system developed by Russian-American writer Ayn Rand. Rand first expressed Objectivism in her fiction, most notably The Fountainhead and Atlas Shrugged, and later in non-fiction essays and books. Leonard Peikoff, a ...

Peak capitalism

Peak capitalism is a term used in recent academic literature to describe a situation in which capitalism can no longer survive. The phrase is based on the concept of peak oil and suggests that a capitalist system in a postmodern world can no long ...

Penny capitalism

The term penny capitalism was first used in 1953 to describe indigenous economies in which there is land tenure over tiny plots of land, where farmers produce crop surplus and engage in small-scale trading. Microfinance evolved in penny capitalis ...

Periodizations of capitalism

A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The best-known periodizations that have been proposed distinguish these stages as: Free trade / monopoly / fi ...

Perspectives on capitalism by school of thought

Adam Smith was one of the first influential writers on the topic with his book The Wealth of Nations, which is generally considered to be the start of classical economics which emerged in the 18th century. To the contrary, Karl Marx considered ca ...

Positive non-interventionism

Positive non-interventionism was the economic policy of Hong Kong; this policy can be traced back to the time when Hong Kong was under British rule. It was first officially implemented in 1971 by Financial Secretary of Hong Kong John Cowperthwait ...

Profit model

The profit model is the linear, deterministic algebraic model used implicitly by most cost accountants. Starting with, profit equals sales minus costs, it provides a structure for modeling cost elements such as materials, losses, multi-products, ...

Rentier capitalism

Rentier capitalism is a term currently used to describe the belief in economic practices of monopolization of access to any kind of property, and gaining significant amounts of profit without contribution to society. The origins of the term are u ...

Right-wing politics

Right-wing politics holds the view that certain social orders and hierarchies are inevitable, natural, normal, or desirable, typically supporting this position on the basis of natural law, economics, or tradition. Hierarchy and inequality may be ...

Adam Smith

Adam Smith was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment, also known as The Father of Economics or The Father of Capitalism. Smit ...

Social market economy

The social market economy, also called Rhine capitalism or social capitalism, is a socioeconomic model combining a free market capitalist economic system alongside social policies that establish both fair competition within the market and a welfa ...

The Spirit of Democratic Capitalism

The Spirit of Democratic Capitalism is a 1982 book by philosopher Michael Novak, in which Novak aims to understand and analyze the theological assumptions of democratic capitalism, its spirit, it values, and its intentions. Novak defines democrat ...

Sprouts of capitalism

The sprouts of capitalism, seeds of capitalism or capitalist sprouts are features of the economy of the late Ming and early Qing dynasties that mainland Chinese historians have seen as resembling developments in pre-industrial Europe, and as prec ...

State monopoly capitalism

The theory of state monopoly capitalism was initially a Marxist thesis popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into monopoly capitalism, but he did not publish any extens ...

Steady change

Steady change is the persistent process of transformation in a capitalist economic system. This is explained by the continuous generation, diffusion, accumulation and substitution of innovations by economic agents as time moves on. This regular a ...

Stock market

A stock market, equity market or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded ...

Supercapitalism (concept)

Supercapitalism was a concept that developed in Italian Fascism. Italys Fascist leader Benito Mussolini claimed that at the stage of supercapitalism "a capitalist enterprise, when difficulties arise, throws itself like a dead weight into the stat ...

Surveillance capitalism

Surveillance capitalism has a number of meanings around the commodification of personal information. Since 2014, social psychologist Shoshana Zuboff has used and popularized the term.

Sustainable capitalism

Sustainable capitalism is a conceptual form of capitalism based upon sustainable practices that seek to preserve humanity and the planet, while reducing externalities and bearing a resemblance of capitalist economic policy. A capitalistic economy ...

Technocracy Study Course

The Technocracy Study Course is a technocratic critique of the price system, written by M. King Hubbert and first published in 1934. It is the ideological basis for the Technocracy movement, highlighting economic and social consequences of the ca ...

There is no alternative

There is no alternative was a slogan often used by the Conservative British prime minister Margaret Thatcher. The phrase was used to signify Thatchers claim that the market economy is the only system that works, and that debate about this is over ...

Welfare state

The welfare state is a form of government in which the state protects and promotes the economic and social well-being of the citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for ...

History of steamship lines

The shipping company is an outcome of the development of the steamship. In former days, when the packet ship was the mode of conveyance, combinations, such as the well-known Dramatic and Black Ball lines, existed but the ships which they ran were ...

Aeroflex

Aeroflex Inc. was an American company which produced test equipment, RF and microwave integrated circuits, components and systems used for wireless communications. Its headquarters were located in Plainview, New York. In May 2014, Aeroflex was ac ...

Alpari Group

Alpari Group is a foreign exchange, precious metals, and CFD broker that has a record of insolvency and regulatory difficulties. The companys UK entity entered insolvency on January 19, 2015, following heavy losses trading the Swiss franc against ...

EasyWay (outlet)

EasyWay was an international tea outlet that served hot and cold beverages with assorted flavouring. It started out as a small store in Taiwan owned by Kuo Wun-Ho and Fu Hsin-Chin back in 1992, its success riding on the popularity of bubble tea i ...

Orbiscom

Orbiscom was an electronic payments company based in Dublin, Ireland. Orbiscom developed Controlled Payment Number technology to generate transaction-unique numbers for credit cards, preventing fraud by masking the original card number. The compa ...