Capitalism existed before the eighteenth century
Historical research confirms that merchant capitalism and commercial economies existed during the Middle Ages and early modern period, long before the eighteenth century.
Both retrieved papers discuss merchant capitalism and commercial economies operating during the Middle Ages and the early modern period, which predates the eighteenth century, thus supporting the claim.
Martha Howell. Gender in the Transition to Merchant Capitalism. 2013. https://doi.org/10.1093/oxfordhb/9780199582174.013.015
This study discusses the merchant capitalism of the later Middle Ages and early modern period, establishing its presence prior to the eighteenth century.
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Emily Erikson. Merchant Capitalism and the Great Transition. 2014. https://doi.org/10.23943/princeton/9780691159065.003.0002
This chapter examines merchant capitalism and early modern economic developments leading up to modernity, confirming its existence before the eighteenth century.
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