to clarify that capitalism has fundamental problems in many aspects. Primarily it is not plausible to regime any … democracy. The interest rates and the global debt it is not plausible to be served by capitalism. The Economocracy is formed on … the aspect of an economic unit globally that will control the global economic uncontrolled problems. Capitalism just …

According to the Oxford English Dictionary, the term capitalism refers to: “The possession of capital or wealth; an … economic system in which private capital or wealth is used in the production or distribution of goods and prices are determined … mainly in a free market; the dominance of private owners of capital and of production for profit.” This chapter in the The …

This imaginative and ambitious book rethinks the nature of capitalism. It critically examines the three main capitalist …

Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the … substantially affected by adjustment costs in the accumulation of capital. With the proper technology and a plausible … parameterization of adjustment costs, the MPK in poor countries is much higher than the MPK in rich countries. Why capital flows do not …