ion regarding what became central to economic practices through the legalized definitions of capital and associated property rights in succeeding stages of capitalism: 12 * In merchant capitalism, based on exchange of goods and services, capital was largely tangible (e.g., land, buildings, resources, inventory) and was provided and controlled by individuals or families. * During industrial capi...

Recently published and estimated historical data illustrate that economic surplus declined during the thirteenth fourteenth centuries in England, helping explain "crisis of feudalism" started century. It was not until several later, when capitalism became dominant system, began to rise on a consistent basis, due reinvestment portion into productive activities, greater ratio capital income renta...

Capitalism is often defined as an economic system where private actors are allowed to own and control the use of property in accord with their own interests, and where the invisible hand of the pricing mechanism coordinates supply and demand in markets in a way that is automatically in the best interests of society. Government, in this perspective, is often described as responsible for peace, j...

Concepts like knowledge society, information society, postmodern society, postindustrial society, Internet society, and network society fail to grasp the dialectic of the continuity and discontinuity of society. These concepts take the changes associated with new media as radical novelties and ignore the continuing dominance of capitalist structures. Contemporary capitalism is highly antagonist...

In recent years, the Marxian concept of primitive accumulation has become increasingly prominent in discussions of capitalist development in third world countries. 1 It is argued within the literature that neoliberal globalization has greatly hastened the process of dispossession of resources through large scale privatization of land, water, forests etc which can best be captured through the le...

In his book Making Globalization Work, Joseph Stiglitz proposes reforms to address problems arising from the global spread of capitalism, problems that he asserts are not inherent to globalization or capitalism but are due to the way those systems have been “managed.” Conversely, postcolonial feminist theorist Chanda Talpade Mohanty’s analysis of those same systems demonstrates that capitalism ...

This paper is about the dissemination of knowledge across the curriculum and the role business education can play in elevating student awareness and understanding of interdisciplinary thoughts. Most importantly, it explores the importance of thoughtful appreciation of divergent educational paradigms and how such an appreciation can be the bridge toward cohesive, contemporary, and meaningful lea...

The aim of this paper is to explore the reactions to the Bolshevik Revolution of one group of critics from the left: those who saw it as ushering in a new form of capitalism. The controversy over state capitalism had both theoretical and practical significance. At the analytical level it presented an important test of Marx’s conception of historical materialism, which had been formulated in a l...