Today's Republicans have swallowed so many economic myths that reality has disappeared. They face a wakeup call ...

Is this capitalism? Capitalism says that people exchange money for goods and services, and that whatever is abundant ...

Story by Jay L. Zagorsky, Boston University and H. Sami Karaca, Boston University Capitalism, communism and socialism are the world’s three major economic systems. While the phrase “economic ...

Instead he erects the most rigorous, the purest capitalism imaginable, and within this rarefied abstract system, with an imaginary capitalism in which all the obvious defects of real life are ...

Capitalism is built on the free exchange of goods and services between different parties, and nobody can rightfully trade property they do not own. Conversely, property rights provide a legal ...

While Marx never used the term “late-stage capitalism,” his prediction of frequent crises in capitalism has certainly come ...

Capitalism, communism and socialism are economic and political systems that differ in their principles and organization. Capitalism emphasizes the private ownership of resources and the means of ...