Beyond private ownership of the means of production, what is the most important, or essential, fact of capitalism? Friedrich A. Hayek thought it was the economy of knowledge with which the system operated, whereas for Joseph A. Schumpeter it was the process of creative destruction. To our...

"Examines Alexander Hamilton's political economy in relation to Aristotle's classical views of economics, as presented in his Politics, and finds shared support of commerce in pursuit of a regime's or democracy's wider goals" - Provided by publisher