A New Theory of Market and Capitalism
Author | : Anatoliy Zhelezniak |
Publisher | : Cambridge Scholars Publishing |
Total Pages | : 180 |
Release | : 2021-11-12 |
ISBN-10 | : 9781527577374 |
ISBN-13 | : 1527577376 |
Rating | : 4/5 (74 Downloads) |
Book excerpt: This book presents a new theory of market and capitalism, detailing its key moments and general logic. It is based on the distinction between two market types: the simple commodity market and the capitalist one. In contrast to what is usually uncritically accepted, disequilibrium and “imperfect competition” are admitted here to be a functional norm of the capitalist market. The book also shows that equilibrium and “perfect competition” are admitted to be a functional anomaly, with crises considered as the result of such an anomaly. It details the general principles and concrete measures of crisis-proof policies and behavior.