IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-540-92693-1_2.html
   My bibliography  Save this book chapter

The Origins of Economic Theory

In: Competing Schools of Economic Thought

Author

Listed:
  • Lefteris Tsoulfidis

    (University of Macedonia)

Abstract

Economics as a scientific discipline originated with the emergence of capitalism, that is, the system that solves the problems of organisation of production and distribution through the generalised functioning of markets. Markets in capitalism do not work accidentally, occasionally or in the fringes of economic life, but at its epicentre, and they tend to encompass the operation of the entire economy. The salient feature of capitalism is the presence and the systematic operation of markets for the factors of production and in particular the market for the services of labour activity. Capitalism was established through a long and, at the same time, slow process that started in Western Europe in the sixteenth century and gained momentum with the advent of the industrial revolution in the mid to late eighteenth century.

Suggested Citation

  • Lefteris Tsoulfidis, 2009. "The Origins of Economic Theory," Springer Books, in: Competing Schools of Economic Thought, chapter 0, pages 5-19, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-92693-1_2
    DOI: 10.1007/978-3-540-92693-1_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-540-92693-1_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.