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Vor einem Tag · Capitalism: The Unknown Ideal (1966, expanded 1967) The Romantic Manifesto (1969, expanded 1975) The New Left (1971, expanded 1975) Introduction to Objectivist Epistemology (1979, expanded 1990) Philosophy: Who Needs It (1982) Letters of Ayn Rand (1995) Journals of Ayn Rand (1997)
- Writer
- Leningrad State University
- 1934–1982
Vor 2 Tagen · Money is a medium of exchange and a store of value. It brought humanity out of primitive barter society into civil society. As Alan Greenspan puts it in Gold & Economic Freedom, a tract he wrote years before he became Fed Chairman (in Ayn Rand’s Capitalism: The Unknown Ideal, page 101), "the existence of such a commodity is a precondition of a division of labor economy."
Vor einem Tag · Capitalism is an economic system, not a comprehensive philosophy of life, although it’s consistent with the Enlightenment ideal of individual self-sovereignty. The purpose of an economic system is to allocate scarce resources to unlimited wants and needs, but the fruit of such a system is money, ideally in the hands of the people who produce those resources.
Vor 3 Tagen · Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor.
15. Mai 2024 · Abstract. This chapter will consider Marx’s theory of historical materialism, his interpretation of capitalism, and his theory of revolutionary change. It will also examine the social division of labor as a civilization factor, Marx’s theory of commodity fetishism, and his explanation of the “primitive accumulation.”.
Capitalism very nearly took off in China long before it found its first full expression in the textile mills of England. It was defeated by conservative political forces. England itself experienced setbacks on its road to capitalism, as did continental Europe. Fits and starts are common in historical development and no revisions to the theory of historical materialism are necessary to account ...
Vor 3 Tagen · The ideal of the latter is therefore its own monopoly in order to be able to determine this supply and thus the price at will, which in turn is at the expense of everyone else – i.e. the general public – and generally to secure the purchase of the goods it produces, even independently whether a high purchase of one's goods is even socially desirable – Röpke uses the example of alcohol ...
