TY  - GEN
N2  - Since the beginning of the finance crisis, the notion of capitalism and the adjective capitalistic are more and more employed in public discourse without making an attempt to define it. In contrast, the concept of market economy is less used. We try in this paper to differentiate both concepts by going back to the approaches by Karl Marx (1818-1883) and Fernand Braudel (1902-1985). Marx does not use the term capitalism but only capitalistic production, while Braudel argues on the basis of a wealth of empirical evidence that one has to differentiate between capitalism and market economy, because he sees a contrast between them. For this reason, he has different view of a capitalistic economy as Marx has.


JEL classification: B14, B24, P10, P16, P5
Keywords: capitalism, capitalistic production, market economy, political economy
PB  - University of Heidelberg
UR  - https://archiv.ub.uni-heidelberg.de/volltextserver/24113/
A1  - Faber, Malte
A1  - Petersen, Thomas
ID  - heidok24113
TI  - Kapitalismus versus Marktwirtschaft. Karl Marx und Fernand Braudel
T3  - Discussion Paper Series
Y1  - 2018/02/12/
AV  - public
CY  - Heidelberg
ER  -