Question: Who founded capitalism?

Who invented capitalism? Modern capitalist theory is traditionally traced to the 18th-century treatise An Inquiry into the Nature and Causes of the Wealth of Nations by Scottish political economist Adam Smith, and the origins of capitalism as an economic system can be placed in the 16th century.Who invented capitalism? Modern capitalist theory is traditionally traced to the 18th-century treatise An Inquiry into the Nature and Causes of the Wealth of Nations by Scottish political economist Adam Smith, and the origins of capitalism

How does Adam Smith define capitalism?

Adam Smith is considered the first theorist of what we commonly refer to as capitalism. Smith asserts that when individuals make a trade they value what they are purchasing more than they value what they are giving in exchange for a commodity.

Is Karl Marx a socialist?

Karl Marx was a German philosopher, economist, historian and journalist who is best known for his work as a radical political theorist and socialist revolutionary.

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