Capitalism is an political ideology and economic system where the means of production in a society are owned by private interests and persons who invest capital.(Sherman, Zimbalist, p. 3) Much of modern day theory involving capitalism was started by Adam Smith in his book, “An Inquiry into the Nature and Causes of the Wealth of Nations,“(Smith, 1776) who is considered the father of modern capitalism.(IEP, Weinstein)
United States
Adam Smith
Liberalism
Communism
Karl Marx
Marxism