Conceptualising capitalism: how the misuse of key concepts impedes our understanding of modern economies
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What is capitalism? In this discussion, Professor Geoffrey Hodgson attacks what he sees as widespread misunderstandings of its very nature and proposes a new understanding, based on referral to its historical basis and, in particular, to the ideas of Victorian economist Henry Dunning MacLeod, best known for his work on credit and its centrality within capitalist societies.
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