French economist Michel Beaud (2001) argued that capitalism is a complex social logic that cannot be reduced to economic dimensions alone; rather, in order to understand capitalism, we must take social, cultural, political, ideological, and ethical issues into account. Capitalism is best understood as sets of relationships between capitalists, laborers, and consumers. Robbins (2014) noted the following :
"The culture of capitalism is devoted to encouraging the production and sale of commodities. For capitalists, the culture encourages the accumulation of profit; for laborers, it encourages the accumulation of wages; for consumers, it encourages the accumulation of goods. In other words, capitalism defines sets of people who, behaving according to a set of learned rules, act as they must act. (p.12)"
