Previous Chapter Capitalism Next Chapter

  • Citations
  • Add to My List
  • Text Size

Capitalism
Capitalism

(for Anti-Capitalism see Globalisation; Marxism)

Capitalism and the Origins of Modern Sport

Capitalism is the name given to the historically specific form of economic production and social organisation, which begins to dominate the societies of Western Europe during the early eighteenth century. By late nineteenth century capitalism is widely recognised as the globally dominant economic and social system. The key features of capitalistic societies are: a division of labour and a system of wage-labour; the establishment of private property; and commodity production. Commodities are goods that are made and exchanged for profit rather than for immediate use or to meet the needs of the producers. The writings of the political economists Adam Smith (1723–1790), and Karl Marx (1818–1883) have been highly influential in shaping how we ...

Looks like you do not have access to this content.

Login

Don’t know how to login?

Click here for free trial login.

Back to Top

Copy and paste the following HTML into your website