Efficiency of money — Is capitalism misunderstood?
Introduction
Capitalism, basically, refers to the economic system based on capital. The capital is in the hands of free market. Free market consists of firms, the owner of the firms(bourgeois) and their employees(middle class and proletariat). The invisible hand mentioned by Adam Smith (father of capitalism) basically says that the free market where everybody does their own interest will run the economy well. In our age, free market refers to the firm. The “Capital” is an asset under the control of firms. So, the firms control the…