20.500.12556/RUL-179115 Is “capitalism” a misnomer? on Marx’s “capitalism” and Knight’s “civilization” The name “capitalism” derives from Marx’s false analogy between medieval land ownership and the “ownership of the means of production.” However, unlike medieval land, capital goods can be rented out, e.g., by Frank Knight’s entrepreneur, and then the capital owner does not hold those management or product rights. What then is the characteristic institution in our civilization? It is the voluntary renting of workers. What then is the relationship between Classical Liberalism, the dominant philosophy behind Economics, and a lifetime labour contract? Frank Knight had plenty to say about the doctrine of inalienable rights which disallows such contracts. capitalism ownership of the means of production employment relation contractual lifetime servitude inalienable rights true false true Angleški jezik Ni določen Članek v reviji 2026-02-05 10:44:01 2026-02-05 10:44:02 2026-02-06 04:53:00 0000-00-00 00:00:00 2025 0 0 Str. 1-13 no. 1 Vol. 32 2025 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 1469-5936 10.1080/09672567.2024.2364653 Is__capitalism__a_misnomer___on_Marx_s__capitalism__and_Knight_s__civilization_.pdf Is__capitalism__a_misnomer___on_Marx_s__capitalism__and_Knight_s__civilization_.pdf 1 31872F8313F621C1D3D34C6CAE623BF6 6ca027dc37751333e91c837845281450b6594cce2b474157135b8a78a896fde1 68148662-0277-11f1-a1ba-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=227279 https://www.tandfonline.com/doi/full/10.1080/09672567.2024.2364653 0 566e8f28-0277-11f1-a1ba-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=227278 Fakulteta za družbene vede 0 0 0