Is “capitalism” a misnomer? : on Marx’s “capitalism” and Knight’s “civilization”

Ellerman, David P. (avtor)

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.

• Jezik: Angleški jezik
• Ključne besede: capitalism, ownership of the means of production, employment relation, contractual lifetime servitude, inalienable rights
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: FDV - Fakulteta za družbene vede
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2025
• Št. strani: Str. 1-13
• Številčenje: Vol. 32, no. 1
• PID: 20.500.12556/RUL-179115
• ISSN pri članku: 1469-5936
• DOI: 10.1080/09672567.2024.2364653
• Datum objave v RUL: 05.02.2026

Gradivo je del revije

• Naslov: The European journal of the history of economic thought
• Skrajšan naslov: Eur. j. hist. econ. thought
• Založnik: Taylor & Francis
• ISSN: 1469-5936
• COBISS.SI-ID: 521358105

Licence

• Licenca: CC BY-NC-ND 4.0, Creative Commons Priznanje avtorstva-Nekomercialno-Brez predelav 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by-nc-nd/4.0/deed.sl
• Opis: Najbolj omejujoča licenca Creative Commons. Uporabniki lahko prenesejo in delijo delo v nekomercialne namene in ga ne smejo uporabiti za nobene druge namene.