Surviving Capitalism How to Survive CapitalismRingman's

Abstract

Ringman starts by asserting that humans have been interacting in markets for centuries. However, in the modern era, markets are increasingly characterized by a structure of perpetual competition, where efficiency is the standard of measurement, and rationality dictates the actions of its agents. This structure has led to unprecedented levels of economic prosperity and phenomenal advancements in many essential goods and services (pp. 3–4). Ringman then states that “capitalism is a source of social progress and as such it is inevitable.” Thus, the controversy surrounding markets and the system of capitalism is with regards to the particular evolution of markets, and not their very existence.

Citation

Reda, A. (2007), " Surviving Capitalism How to Survive CapitalismRingman's", Samuels, W.J., Biddle, J.E. and Emmett, R.B. (Ed.) A Research Annual (Research in the History of Economic Thought and Methodology, Vol. 25 Part 1), Emerald Group Publishing Limited, Leeds, pp. 89-96. https://doi.org/10.1016/S0743-4154(06)25011-9