3 uses
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Definition
an economic system based on private ownership of property and businesses, and on voluntary exchange in a competitive environment — with the belief that voluntary exchanges harness inborn self-interest in millions of decisions that benefit society
- When he published The Theory of Moral Sentiments in 1759, modern capitalism was just getting under way.p. 14.1
- We accept as a verity of capitalism that someone (usually an expert) knows more than someone else (usually a consumer).p. 64.6
- In other words, a crack gang works pretty much like the standard capitalist enterprise: you have to be near the top of the pyramid to make a big wage.p. 100.6
There are no more uses of "capitalism" in Freakonomics.
Typical Usage
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