New answers tagged definition
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Price setters vs. price takers
Endogeneous variable vs. exogeneous variable
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The dictionary definitions of capitalism (currently the most upvoted answer) have been critiqued as inadequate, in the sense that they are too broad, by Geoffrey Hodgson in his treatise, Conceptualising Capitalism (University of Chicago Press, 2015).
Definitions proliferate. Most dictionaries stress private
ownership and markets; many add the profit ...
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