Businessmen transformed economic activities by learning to take advantage of market conditions by alluding efficient networks of transportation and communication and by creating a system of regulating the price of a product based on supply and demand. 4. The institutions that supported early capitalism were banks and joint-stock companies such as the English East India Company and their Dutch counterpart. 5. The Dutch and English […]

In the introduction of conscious capitalism, John Mackey gives us a brief history on how he established Safer Way which is now known as Whole Foods Market with no prior business education background. His intention was to create a business that was ethical and purpose driven. His insight on free enterprise capitalism is much focused throughout the introduction and first chapter, its importance and how […]

In the wake of the current – and unprecedented – economic recession being felt not only across the United States but also the world over, it merits noting that the once-sound structures of modern economies are, more and more, being placed under the lenses of theoretical review and scrutiny. Concretely, there are those who seek to inquire – notwithstanding the risks of proffering politically unwelcome […]

SS 2029 Basic Sociology 2011-2012 (Semester A) Individual Term Paper CHEUNG Kai-HO (52596777) 7. According to Marx, how does capitalism alienate workers? How did Marx feel that workers could overcome their alienation? 1. Abstract Alienation, a term used to describe the feeling of no connection with others or the separation from former attachment. When it comes to sociologist aspect, especially on Marxism, this term describes […]

Industrial Production and Capitalism: Drivers of social change in history Ho Xin Qian Louise In this essay, I will illustrate why industrial production and capitalism were major causes of social change in history by stating three main arguments. Firstly, I put forth the case that industrial production and capitalism have changed the role and nature of markets in history. In doing this, I trace how […]

Japan: Capitalism and the Economic Miracle The global triumph of capitalism was the most important historical issue of the nineteenth century. It was the triumph of a kind of society that believed in the fact that economic development was based on competitive private enterprise and the success of buying as much as possible from the market. It was considered that an economy resting on the […]

Changes in french capitalism since the second world war It should be stated that a widely known stereotype about French capitalism being an ideal-typical of post-war state capitalism in Europe is true, in spite of this, it is believed  that the case of France is not unique.  Let us look deeper in the depths of the economical science to come out with the ultimate answer […]

Warren Bryan 3/5/12 Book Review: Capitalism & Freedom Author: Milton Friedman Milton Friedman’s Capitalism & Freedom is one of the most important books regarding economics of the 20th century. His thoughts laid the groundwork for the emerging modern conservative movement, which was an evolution of the 19th century beliefs surrounding liberalism. Friedman’s major themes of his most famous work consist of the roles of competitive […]

Defining Capitalism and Command Economies of Economics “Economics is the study of how wealth is created and distributed” which, includes “the products produced and sold by business” (Pride, Hughes, & Kapoor, 2011, p. 10). When studied, it is the science or the financial considerations of the buying, selling, and the production of goods and services that are consumed by our world and its people. There […]

DISINVESTMENT – BOON OR BANE INTRODUCTION 1. Public enterprises are neither new nor unique to India. In good old days, Kautilya in his ‘Arthasastra’ talked of a public sector. A person was made incharge of salt manufacture and fixing its price. Similarily there were people made responsible for mining, coinage and gold, all in public sector. Nowadays there is hardly any country that is not […]