What is Capitalism? A Simple Explanation, Pt. 1

This video is a simple explanation of the economic system of capitalism. Bibliography Baumol, William J., Litan, Robert E., and Schramm, Carl J. (2007). Good capitalism, bad capitalism and the economics of growth and prosperity. New Haven: Yale University Press. Coates, David. (2000). Models of capitalism. Malden MA: Blackwell. Esping-Andersen, Gosta. (1990). The three worlds of welfare capitalism. Princeton NJ: Princeton University Press. Friedman, Milton. (1962). Capitalism and freedom. Chicago: University of Chicago Press. Hayek, Friedrich A. (1944). The Road to serfdom. Chicago: University of Chicago Press. Heilbroner, Robert L. & Milberg, William. (2006). The making of economic society. Upper Saddle River NJ: Prentice-Hall. Marx, Karl. (1867). Capital: A critique of political economy. Trans. Moore, Samuel, Edward Aveling, and Friedrich Engels. . Mill, John Stuart. (1848). Principles of political economy. New York: D. Appl