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28 Νοε 2020 · Through a selection of articles from the Past and Present archive, from 1954 to 2010, we suggest a set of overlapping ways of thinking through, and questioning, assumptions that have defined the history of capitalism on one hand, and global history on the other.
In medieval and early modern times, capital meant money investable or invested in business. This meaning persists in business circles today. In contrast, Adam Smith treated physical assets, machines and people as ‘capital’ and this different usage has dominated economics since.
By contrast, Werner Sombart (1902, 2:129) recognized that capital is a phenomenon found in specific historical epochs and returned to the pre-Smithian meaning of capital by defining it as “the sum of exchange value which serves as the working basis of a capitalist enterprise.”
21 Νοε 2023 · Capital resources are any human-made assets or resources that are used to produce a good or deliver a service. Capital resources must have three characteristics.
21 Ιαν 2020 · A capital resources definition, simply stated, refers to goods a business needs to produce other goods or provide services. Capital resources are a long-term investment, meaning they are not used up within a year. Examples of capital resources include buildings, machinery and equipment.
4 Απρ 2014 · This article traces the historical usages of the term capital and the explosion of different types of supposed ‘capital’ in the twentieth century, including ‘human capital’ and ‘social capital’. In medieval and early modern times, capital meant money investable or invested in business.
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.
