Timeline for What is the function of capitalism? [closed]
Current License: CC BY-SA 3.0
13 events
| when toggle format | what | by | license | comment | |
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| May 16, 2018 at 2:03 | vote | accept | Jonesn11 | ||
| Aug 18, 2017 at 16:05 | history | closed |
Tobias Giskard Herr K. Kitsune Cavalry♦ optimal control |
Needs more focus | |
| Aug 17, 2017 at 0:13 | history | protected | Kitsune Cavalry♦ | ||
| Aug 16, 2017 at 23:34 | answer | added | giftnuss | timeline score: 1 | |
| Aug 16, 2017 at 15:40 | answer | added | EconJohn♦ | timeline score: 4 | |
| Aug 9, 2017 at 10:00 | comment | added | optimal control | You ask a very general and legitimate question but for this site I admit that it is way to much broad. To sum up very quickly, capitalist system aims to allocate all resources (mine, forests, oil, everything you can imagine to produce something) in the most efficient way. This is why neoclassical economists are always "maximizing" something or "minimizing" the cost of something. To understand the basic difference with capitalism and marxism, you can look at the idea of "marginalism" (marginal cost) and "average value", average cost. Look at the mathematical economics in Soviet Union | |
| Aug 8, 2017 at 10:02 | review | Close votes | |||
| Aug 18, 2017 at 16:05 | |||||
| Aug 8, 2017 at 9:54 | comment | added | Tobias | Not everything you can affix the word system to has a purpose or function. What is the purpose of a planetary system? What is the purpose of a weather system? Free market economic systems is just a name for the decentralized exchange of goods and services. You can ascribe all kinds of meanings to the set of human behaviors or outcomes associated with such a system, but that doesn't make them inherent to the system. It's still just, like, your opinion, man. | |
| Aug 8, 2017 at 6:19 | answer | added | luchonacho | timeline score: 3 | |
| Aug 8, 2017 at 5:58 | history | edited | luchonacho |
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| Aug 8, 2017 at 4:00 | comment | added | EconJohn♦ | You're asking about the function of it as a resource allocation mechanism/political economy? | |
| Aug 8, 2017 at 3:07 | review | First posts | |||
| Aug 8, 2017 at 5:58 | |||||
| Aug 8, 2017 at 3:03 | history | asked | Jonesn11 | CC BY-SA 3.0 |