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Definition of

capitalist economy


economy giving great commercial and financial freedom an economy in which each person has the right to invest money, to work in business, and to buy and sell products and services, without major government restrictions

Recommended Further Reading (Term count)
  • Hyman Philip Minsky
    Maverick economist and financial market theorist
    Minsky was born into a family of Menshevik emigrants from Belarus. His mother was involved in the early trade union movement, while his father was active in the Jewish section of the Socialist party of Chicago. At Harvard University, he gained his doctorate, studying under Joseph Schumpeter and Wassily Leontief, while at the University of California, Berkeley, he developed his major theories about lending and economic activity, which he...

Definitions of ’capitalist economy’ and meaning of ’capitalist economy’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’capitalist economy’ and other financial terms with our online QFINANCE Financial Dictionary.

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