Economic Theory; pure economic thought

Looking at various published economics materials and confining ourselves to the period 1960 -1999: we see attempts to stipulate a definition for capitalism. They all seem to agree. Their answers are different versions of the same thing. What is capitalism? The available literature always gives the same answer: The answer fits into a mold. In capitalism, you see, the means of production is privately controlled. Although we accept that this may be an attempt to stipulate something about capitalism, it falls short. There are problems, and, if we understand the nature of these problems, the…