In this sense, capitalism was invented as I described in [the book] The Invention of Capitalism. A broad foundation of theoretical and professional knowledge is provided through a multidisciplinary approach. While not as popular as in the past, this method of job design is still used in the twenty-first century. The orthodox neoclassical school continued to push ahead with the development of theoretical models, while the institutionalist school conducted empirical research whose results typically clashed with the prevailing conclusions reached by theorists.

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