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capitalism: market exchange and wage labour. Growth imperatives are emerging properties of these two social relations. I develop … a critique of steadystate economics and underline the ontological difference between a zero-growth capitalism and a post …
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Extreme capitalism is a condition in which large companies and rich people raise too much money and leave too little … generally been trapped in extreme capitalism …
Persistent link: https://www.econbiz.de/10013213536
The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth -- even when these technologies replaced considerably less productive tangible technologies -- because of structurally low interest rates caused by demographic forces. This insight is...
Persistent link: https://www.econbiz.de/10011708126
Keynes' General Theory was a massive step forward relative to classical economics, but it was also a step backward in … its denial of the conflictual nature of capitalism. There is need to understand Keynes' technical contributions regarding … preeminent monetary theorist. However, owing to his denial of conflict, he had a flawed view of capitalism which is why …
Persistent link: https://www.econbiz.de/10014327477
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
This paper reviews several macro-level concepts describing institutional change in advanced capitalism … capitalism literature. This paper is developed in conjunction with the INCAS project “Understanding institutional change in Asia …
Persistent link: https://www.econbiz.de/10012962298
methodology, the history of economic thought and social theory more broadly. Hodgson's reputation as a prolific and important …
Persistent link: https://www.econbiz.de/10012866139