Capitalism is an economic system where almost all production and trade activities are organised by enterprises whose purpose is to maximise the return on the capital that has been invested in them.
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Eduard Braun holds a PhD from the University of Angers (France) and is an associate professor of economics at Clausthal University of Technology (Germany). He has published numerous peer-reviewed articles on financial accounting and the economic theory of capital. His interdisciplinary research combines insights from the Austrian and Institutionalist Schools of economics to better understand the institutions that are fundamental to capitalist societies. A key aim of his work is to ground the theory of capital in the realities of business life, moving beyond abstract concepts and models.
Capitalism is an economic system where almost all production and trade activities are organised by enterprises whose purpose is to maximise the return on the capital that has been invested in them.
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