Both Uses of
capitalism
in
Nicholas Nickleby
- …with abstract calculations of figures, or references to ready-reckoners; his simple rule of interest being all comprised in the one golden sentence, 'two-pence for every half-penny,' which greatly simplified the accounts, and which, as a familiar precept, more easily acquired and retained in the memory than any known rule of arithmetic, cannot be too strongly recommended to the notice of capitalists, both large and small, and more especially of money-brokers and bill-discounters.†
Chpt 1
- 'When they are, you know what to do with them as well as any man alive, and how to back quietly out at the right time,' said Mr Bonney, slapping the capitalist familiarly on the shoulder.†
Chpt 2 *
Definition:
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(capitalism) an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
(with the belief that voluntary exchanges harness inborn self-interest in millions of decisions that benefit society)editor's notes: Most proponents of capitalism advocate that government intervene to handle problems "pure" capitalism does not handle well such as monopoly, shared costs and benefits (such as pollution or national defense), provision of a safety-net for those who are unlucky, ...