Capitalism—What's in a Name?
Richard Hilton
and its critics on the basis of reasonably common agreement as to what both meant by term.  The subject capitalism wrote Professor M. Postan1; owes present place in political scientific discussion work Marx Marxians. Many historians substantially follow him. Mr. E. Lipson his Economic History England2 whole adopts Marx's definition Capitalism. He agrees that essential feature is division classes between propertyless wage-earners entrepreneurs who own capital, contrast characteristic medieval organisation industry agriculture small producer owned means production.
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