# Capitalism
A broad category of economic systems in which [price formation](price-formation.md), [markets](market.md), trade, and industry are controlled by private owners rather than by the state.

See also [Marxism](marxism.md), [anarchocapitalism](anarchocapitalism.md) and [market fundamentalism](market-fundamentalism.md).

## References
1. Janeway, William H. Doing capitalism in the innovation economy: Markets, speculation and the state. Cambridge University Press, 2012.
1. Hart, Oliver, and Bengt Holmström. "The theory of contracts." In Advances in economic theory: Fifth world congress, vol. 1. 1987.
1. Fama, Eugene F. "Efficient capital markets: A review of theory and empirical work." The journal of Finance 25, no. 2 (1970): 383-417.
1. Fama, Eugene F., and Kenneth R. French. "Size, value, and momentum in international stock returns." Journal of financial economics 105, no. 3 (2012): 457-472.