Andrew Lainton — The Definition of Capitalism – Need for an Accurate Account

Andrew Lainton responds to Ben Chu responding to Paul Mason on "capitalism," holding that the way to resolve the issue is through double-entry accounting. Short and to the point on history of economics and the meaning of "capital."

The framework for doing economics and finance is double-entry accounting. The deficiencies and failures of conventional economics generally result from failure to realize the centrality of DEB and therefore SFC modeling.

Decisions, Decisions, Decisions
The Definition of Capitalism – Need for an Accurate Account
Andrew Lainton