5 ms·
Capitalism as characterized by permanent firms with private tradeable claims of ownership and separation of ownership from management is around 400 years old.
by JackFr 4y ago
Capitalism as characterized by permanent firms with private tradeable claims of ownership and separation of ownership from management is around 400 years old.
- zztop44 4y agoBut other elements, such as a wage labor market and global trade not being dominated by mercantilist states, are more recent. In any case, 400 years is relatively recent in terms of economic history.
- lostmsu 4y agoIf you count history in transaction volume or raw number of transactions, most of it occured after 1900.