History of "Capitalism"

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    I’m working on a paper and I’m criticizing a historian (surprise surprise) for using the word capitalism and not explaining exactly what she means. I wanted to mention (in a footnote) the Austrian school and I am looking for a source that would give the history of the Austrian school (and argue that true free market capitalism started with Menger). I hope I’ve explained this well enough in a short post. But as usual I’m trying to do 50 things and only have time to do about 20 of them! 🙂



    For a short history of the Austrian school, take a look at Ludwig von Mises’s monograph:


    Here is a short monograph on capitalism by Mises:


    For a more extensive treatment of capitalism, take a look at Mises’s book Human Action, chapter 15:



    Dr. H.,
    thank you so much. I’m tired of reading works of history that make blanket statements about “capitalism” when the author clearly has no idea what the heck they are talking about. Another semester is about to close with another paper mentioning the Austrians in the footnotes.

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