Marx and Hayek on "real" versus "less real" explanations for the fragility of capitalism

Arie Arnon

Karl Marx's (1818-1883) analysis of the capitalist system in Capital, Vol. I memorably inferred that the system's fragility is rooted in "real" causes. Marx also analyzed significant contributing causes entrenched in the banking and financial spheres in Capital, Vol. III and other writings. The paper utilizes recently available drafts not previously accessible to shed light on Marx’s evolving ideas concerning “real” versus "less real" causes for fragility in the system.

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Year of publication:	2022
Authors:	Arnon, Arie
Published in:	Financial markets in perspective : lessons from economic history and history of economic thought. - Cham, Switzerland : Springer, ISBN 978-3-030-86752-2. - 2022, p. 103-121
Subject:	Kapitalismus \| Capitalism \| Marxismus \| Marxism

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz im Buch ; Book section ; Konferenzbeitrag ; Conference paper
Language:	English
Other identifiers:	10.1007/978-3-030-86753-9_6 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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