This is pretty bad writing lol. Markets are as old as civilization itself, Adam Smith obviously knew this. General commerce != capitalism
And Pangram flags it, too.
https://www.pangram.com/history/126831e1-562f-4e65-9874-5250...
The way people talk about "Capitalism" is most often silly and counterproductive because most of the time -- the person that hates capitalism and the person that loves capitalism are talking about nearly entirely different things.
spudlyo•1h ago
It's also no wonder that the thing a theory describes exists long before the theory itself. We had language well before we had grammarians, and we had music long before music theory existed. Adam Smith didn't invent moral sentiments or market economics, just as Pythagoras didn't invent music. The article weirdly makes a big deal out this.
[0]: https://en.wikipedia.org/wiki/Complaint_tablet_to_Ea-n%C4%81...
cwnyth•42m ago
https://en.wikipedia.org/wiki/Edict_on_Maximum_Prices
From Polanyi, Finley, and Weber to Austin and Malkin, we've come a long way in recognizing the sophistication of ancient economic thought.
spudlyo•14m ago
psychoslave•8m ago