Can Capitalists Afford Recovery? Economic Policy When Capital is Power
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Date
2013
Authors
Bichler, Shimshon
Nitzan, Jonathan
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Abstract
Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different question that few if any seem concerned with: can capitalists afford recovery in the first place?
Description
crisis DA economic policy economic theory expectations growth income distribution Keynesianism Marxism monetarism neoclassical economics profit underconsumption
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Citation
Can Capitalists Afford Recovery? Economic Policy When Capital is Power.
Bichler, Shimshon and Nitzan, Jonathan. (2013). Working Papers on Capital as Power. No. 2013/0. October. pp. 1-36. (Article - Working Paper; English).