economic system summary
Know about the characteristics of the free enterprise and the pure-communist economic syste
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daimyo Summary
Daimyo, any of the largest and most powerful landholding magnates in Japan from about the 10th century until the latter half of the 19th century. The Japanese word daimyo is compounded from dai (“large”) and myō (for myōden, or “name-land,” meaning “private land”). Upon the breakdown of the system
Christian Socialism Summary
Christian Socialism, movement of the mid-19th century that attempted to apply the social principles of Christianity to modern industrial life. The term was generally associated with the demands of Christian activists for a social program of political and economic action on behalf of all
manorialism Summary
Manorialism, political, economic, and social system by which the peasants of medieval Europe were rendered dependent on their land and on their lord. Its basic unit was the manor, a self-sufficient landed estate, or fief that was under the control of a lord who enjoyed a variety of rights over it
Thorstein Veblen Summary
Thorstein Veblen was an American economist and social scientist who sought to apply an evolutionary, dynamic approach to the study of economic institutions. With The Theory of the Leisure Class (1899) he won fame in literary circles, and, in describing the life of the wealthy, he coined