Full Idea
Braudel's economic history has three layers. At the bottom is material life of consumption, production, reproduction. Next is economic life of markets, of equals in exchange and competition. Top is capitalism, of opacity, monopoly, power, high profits.
Gist of Idea
Economies have material, economic and capitalist layers
Source
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
A Reaction
The point Davies emphasises here is the sharp distinction between the market economy and capitalism.
Book Reference
-: 'London Review of Books' [ 0], p.23