Notes and Discussions - The Issue of the Stability of Capitalism in Recent Literature - Francesco Vito - Vita e Pensiero - Articolo Rivista internazionale di Scienze Sociali

Notes and Discussions - The Issue of the Stability of Capitalism in Recent Literature

digital Notes and Discussions - The Issue of the Stability of Capitalism in Recent Literature
Article
journal RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
issue RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2011 - 3-4
title Notes and Discussions - The Issue of the Stability of Capitalism in Recent Literature
Author
Publisher Vita e Pensiero
format Article | Pdf
online since 03-2011
issn 0035-676X (print) | 1827-7918 (digital)
€ 6.00

Ebook format Pdf readable on these devices:

The definition of capitalism is the focus of a wide-ranging debate raised by W. Sombart. The author indicates his own definition according to which capitalism is a system characterized by ‘‘free choice of activity for economic subjects; private property of the means of production competition’’. This definition prescinds from the concepts of capital and waged work, and while placing itself in a field that is rather far from Marxism yet does not prevent Vito from acknowledging the ongoing substantial changes of the system due to the process of industrial concentration. The author discusses the positions expressed on this issue by some coeval economists. Vito denies that such phenomena as trade unions, industrial concentration, state intervention, business forecasts and the economic crisis itself, may prelude to the fall of capitalism or to its transformation into a socialist system. In his opinion, many of the changes occurring in modern capitalism may help to make it more socially acceptable and equitable.

Key words: definition of capitalism; industrial concentration; K. Marx; W. Sombart; J.B. Clark, J.A. Schumpeter, R. Bachi.

JEL Classification: B2, B24, B31, D4.

This site or third-party tools used by this make use of cookies necessary for the operation and useful for the purposes outlined in the cookie policy.
If you want to learn more or opt out of all or some cookies, see the cookie policy.
By closing this warning, browsing this page, clicking on a link or continuing to browse otherwise, you consent to the use of cookies.

I Agree