toggle menu
menu
vocabulary
1000+ books
Go to Book

capitalism
used in Freakonomics

3 uses
(click/touch triangles for details)
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  (best examples)
Dictionary / pronunciation — Google®Dictionary list — Onelook.com®Wikipedia Article