Capitalism is an economic environment in which factors of production and trade are privately controlled to maximize profits. Capitalism is characterized by such factors such as capital accumulation and competition in markets and wages. A lot of theories have been postulated in a bid to explain the origin of modern capitalism. This paper focuses on two theories on the origin of capitalism by Karl Marz and Max Weber. Special Focus is given to the alienation theory by Karl Marx and the origin of capitalism as explained in by two theories.
KARL MARX THEORY OF ALIENATION
In the theory of alienation, Karl Marx explains and discusses ...