Adam Smith – Hossein Jorjani

Excursus 075 – On the Historical Emergence of Capitalism

Hossein Jorjani First publication: 2026 – 07 – 19 The existence of capital should not be confused with the existence of capitalism. Capital, merchants, markets, banking, and commercial exchange have existed in many societies throughout history. Their presence alone does not justify describing those societies as capitalist. The concept of capitalism is most appropriately appliedContinue reading “Excursus 075 – On the Historical Emergence of Capitalism”

Excursus 034 – On the Use of Everyday Examples

Hossein Jorjani First publication: 2026 – 06 – 30 The recurrence of examples involving bread, wine, and beer in writers as different as Bacon and Adam Smith is not accidental. In early-modern Europe, these products represented the most basic and universally recognized outcomes of human skill: grain-processing (bread, beer) and fermentation (wine, beer). For Bacon,Continue reading “Excursus 034 – On the Use of Everyday Examples”