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Jonathan Nitzan and Shimshon Bichler discuss the nature of contemporary capitalism. Their central argument is that the dominant … analytically incisive critique of the recent history of capitalism and crisis, they suggest that instead of studying the relations …
Persistent link: https://www.econbiz.de/10011646700
[Eliminating history from economic thought] Formal analysis, in which maximizing agents use today's 'true' model of the economy to form expectation upon which they then base their behaviour, trivializes the role of the future in economic life and ignores the possibility that the past's models,...
Persistent link: https://www.econbiz.de/10010291900
The interest-rate controversies between Böhm-Bawerk and Fisher have attracted little attention and, in the opinion of most commentators, justifiably so. Böhm-Bawerk and Fisher argue over what appear to be two minor issues – Böhm-Bawerk's claims that his third cause of interest (productivity...
Persistent link: https://www.econbiz.de/10011592184
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to …
Persistent link: https://www.econbiz.de/10011822996
The fields of Political Economy and Input–Output economics are commonly unrelated due to the discrepancy between the qualitative and quantitative analysis in economic science. With the aim to overcome this separation, this paper relates the basic model of Production of Commodities by Means of...
Persistent link: https://www.econbiz.de/10011858486
The paper identifies as the root of the recent controversy in the theory of capital David Ricardo's finding that competitive prices and costs of production depend not only on the methods of production employed, but also on the wage rate (or rate of profits) and change with it. A consequence of...
Persistent link: https://www.econbiz.de/10014363387
at the heart of contemporary capitalism be politically activated to oppose and escape work-as-we-know-it?" …
Persistent link: https://www.econbiz.de/10014520956
to capitalism and alternative forms of capitalism is not in the on-going problematization of the dominance of the … to draw in order to be at all able to observe capitalism. Answering this question, we show that capitalism is a form that … capitalism and alternative capitalisms calls for a stronger focus on the non-economic function systems. Finally, we present an …
Persistent link: https://www.econbiz.de/10010527659
its potential to reshape the prevailing form of capitalism and that such analysis could prove to be a starting point for …
Persistent link: https://www.econbiz.de/10010307346
We examine the role of market-capitalism in anti-American terrorism, differentiating between level- and rate …-American terrorism. These findings are further corroborated by system-level time-series evidence. We argue that a higher level of market-capitalism … a market economy. These interest groups deliberately target the U.S. as the main proponent of modern capitalism …
Persistent link: https://www.econbiz.de/10010326658