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tendencies for which capitalism does not have simple balancing processes. In the context of a discussion of 'structural logical …
Persistent link: https://www.econbiz.de/10012063855
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010517057
ephor of capitalism, but as its key source of instability. Furthermore, due to "financialisation of the real economy," the …
Persistent link: https://www.econbiz.de/10010530034
In this study I review the main scientific contributions of Minsky and other scholars to the financial instability and crisis issues, and the role of institutions in modeling the medium and long financial and business waves. The topics developed in this paper are the following: the relationships...
Persistent link: https://www.econbiz.de/10011349649
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El presente texto pretende establecer si, realmente, el pasado declive financiero representa una “crisis” en la ciencia económica. Se analiza la importancia de la predicción tanto para la ciencia de la economía como para su profesión. Finalmente, hace un recorrido sobre la posibilidad y...
Persistent link: https://www.econbiz.de/10014162242
An economic crisis in capitalism is a deep and prolonged interruption of the economy-wide circuit of capital. Crises … emerge from within the logic of capitalism's operation, and are manifestations of the inherently contradictory process of … capital accumulation. The Marxist tradition conceptualizes two types of crisis tendencies in capitalism: a crisis of deficient …
Persistent link: https://www.econbiz.de/10011772045