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A new theory of capitalism is suggested. Its key moments and general logic are presented. This theory is based on the … competition" are admitted to be a functional norm of capitalism. Respectively, an equilibrium and "perfect competition" are …
Persistent link: https://www.econbiz.de/10011259286
"As we look over the country today we see two classes of people. The excessively rich and the abject poor, and between them is a gulf ever deepening, ever widening, and the ranks of the poor are continually being recruited from a third class, the well-to-do, which class is rapidly disappearing...
Persistent link: https://www.econbiz.de/10011260377
After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social preference system oriented towards equality and social justice, to be implemented without systemic constraints in the organizational and institutional sense. At the same...
Persistent link: https://www.econbiz.de/10011260991
commoditisation of labour power assuming the form of wage labour is specific to capitalism and the sole source of surplus value. This … paper, drawing from various strands of Marxian literature, argues that capitalism never existed in isolation in ‘pure’ and … signifies a confluence of separate processes, it overdetermines the existence and stability of capitalism by a complex …
Persistent link: https://www.econbiz.de/10009397157
implications are (b) the emergence of a new social formation that may be called World Market Capitalism, which has a vastly …
Persistent link: https://www.econbiz.de/10008596380
Analyses that gauge the relationship of partisanship to economic outcomes nearly always focus on the level of partisanship, and changes to it, at a time concurrent to the outcomes. However, partisanship at the time an institution was established may correspond more strongly to modern economic...
Persistent link: https://www.econbiz.de/10005786923
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
The purpose of this essay is offer a perspective of situation crosses today regional agriculture, checking some of its added balances. It interests us to debate the optimistic and not very critical way with which the figures are divulged and to put in evidence aspects fewer diffused, but of...
Persistent link: https://www.econbiz.de/10005790309
The Frasier Institute’s Economic Freedom of the World is often taken as a metric of market capitalism. This paper …
Persistent link: https://www.econbiz.de/10008560960
The transition of former socialist countries to capitalist economic system is modelled for the period between 1989 and 2007. The transition is entirely defined by three empirical parameters and the model describes only the evolution of real GDP per capita since the start of the disintegration of...
Persistent link: https://www.econbiz.de/10004961527