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capitalism

(Encyclopedia)capitalism, economic system based on private ownership of the means of production, in which personal profit can be acquired through investment of capital and employment of labor. Capitalism is grounde...

Tawney, Richard Henry

(Encyclopedia)Tawney, Richard Henry tôˈnē [key], 1880–1962, British economic historian, b. Calcutta (now Kolkata). He was professor at the Univ. of London from 1931 to 1949. A leading socialist, Tawney helped ...

Sombart, Werner

(Encyclopedia)Sombart, Werner vĕrˈnər zômˈbärt [key], 1863–1941, German economist. In 1917 he became professor of economics at the Univ. of Berlin. Influenced by Marx's historical approach to economics, he ...

Hobson, John Atkinson

(Encyclopedia)Hobson, John Atkinson, 1858–1940, English economist and journalist. He achieved wide popularity as a lecturer and writer. Criticizing classical economics, which centered on man's mechanical response...

Bell, Daniel

(Encyclopedia)Bell, Daniel, 1919–2011, American sociologist, b. New York City as Daniel Bolotsky, grad. City College (1939), Columbia (Ph.D., 1960). His immigrant parents changed their surname when he was 13. Bel...

Schumpeter, Joseph Alois

(Encyclopedia)Schumpeter, Joseph Alois yōˈzĕf äˈlōēs sho͝omˈpāˌtər [key], 1883–1950, Austrian-American economist, LL.D. Univ. of Vienna, 1906. He began practicing law but turned to teaching two years ...

Rathenau, Walther

(Encyclopedia)Rathenau, Walther välˈtər räˈtənou [key], 1867–1922, German industrialist, social theorist, and statesman. Son of Emil Rathenau (1838–1915), founder of the German public utilities company Al...

Commons, John Rogers

(Encyclopedia)Commons, John Rogers, 1862–1945, American economist, b. Hollansburg, Ohio, grad. Oberlin, 1888. Influenced by the other social sciences, Commons tried to broaden the scope of economics, especially i...

Chevalier, Michel

(Encyclopedia)Chevalier, Michel shəvälyāˈ [key], 1806–79, French economist. An ardent Saint-Simonian as a youth, he later favored a form of welfare capitalism. He advocated industrial development as the key ...

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