Recent polling of the millennials’ attitudes toward socialism suggests that higher education on the postmodern campus has better prepared graduates to denounce capitalism than to defend it. Undergraduate enthusiasm for Bernie Sanders’ presidential bid speaks to the point. In 1946, Encyclopedia Britannica recruited to the task of explaining capitalism’s origin, meaning, and development the eminent Austrian economist Joseph Schumpeter. Schumpeter supplied a characteristically learned and incisive entry that sharply distinguished societies with features of capitalism from those with a full-blown capitalist system. Thus, the appearance of a high level of commercialization in a society or empire, the arbitraging or acquisitive behavior…