The driving force of Capitalism (IM 834)

A 300-year history of an idea: “Greed is Good”, has been considered as the DNA of Capitalism. In 18th century, Adam Smith, father of Economics, described Capitalism as an economic system based on self-interest. It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from…

“Capitalism Alone” (IM 769)

For the first time in human history the world is dominated by one economic system and that is Capitalism. We all are capitalist now whether we realize it or not. Branko Milanovic in his book “Capitalism Alone” examines the historical shifts that have led to capitalism’s dominance and highlights the varieties of capitalism at work…