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The “use value” of assets in the classical paradigm allowed distinction between those held by capitalists and those held by rentiers. Most small businesses in the United States operate more akin to the model of rentiers than capitalists. Ironically, long run equilibrium in the Marshallian...
Persistent link: https://www.econbiz.de/10005012417
. The entrepreneur as a more pragmatic role, he becomes the saver of capitalism thank to his function of jobs creation …
Persistent link: https://www.econbiz.de/10005761043
-struggle, Schumpeter through innovation, concluded that capitalism is inherently self-destructive. But whereas for Marx capitalism makes … the rich richer and fewer and the poor poorer and more numerous, for Schumpeter, capitalism democratises consumption. And … capitalism to regain health, it is relevant to invest taxpayers’ money into the military-industrial complex, so as to generate …
Persistent link: https://www.econbiz.de/10005463577
reform of the socialist experiences would inversely oblige the « capitalism » to revolutionize itself. Because the dominant …
Persistent link: https://www.econbiz.de/10005463598
's writings. The dynamic of capitalism is therefore founded on innovation, a function assumed, according to Schumpeter, by the … capitalism carried along by individual agent-entrepreneurs. Innovation requires the overcoming of routine and, on the whole, of …-economic motives. But evolution transforms capitalism and entrepreneurs. Competitive capitalism is replaced by trustified capitalism …
Persistent link: https://www.econbiz.de/10005585704
existence of the capitalism is based about the negation of the free market because the oligoplistic firms look for how they can …
Persistent link: https://www.econbiz.de/10005184946
the internal and external barriers that capitalism had to face, was quickly driven by finance. The latter, supplying the …? What can be the future of the “world economy”? Can Capitalism escape from mercantilism? …
Persistent link: https://www.econbiz.de/10005036068