id author title date pages extension mime words sentence flesch summary cache txt _005197923 Michel, Virgil George, 1890-1938. Nature of capitalism 1936 .txt text/plain 9716 381 54 The truth of the matter is rather that modern capitalism is just as old as the guilds, whose last vestiges disappeared in the eighteenth century. Whether the dynamic nature of capitalism was instrumental in the vast advances made in technology, the harnessing of mechanical power unto the service of machinery, or whether the technical progress made the dynamic develop- ments of modern capitalism possible, it would be hard to decide. cache/_005197923.txt txt/_005197923.txt