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Why did capitalism not lead to improved wages for centuries after its inception?

Based on their attribution of capitalism as something that has existed since the 16th century, I suspect the authors are eliding over the inherent differences between capitalism and mercantilism. That ...
J.D.'s user avatar
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Definition of capitalism

While "economics" doesn't have a definition, what I find most important is recognizing that there are at least 2 substantially different definitions of capitalism in wide circulation. ...
B T's user avatar
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