Artikel
Can Capitalists Afford Recovery? Three Views on Economic Policy in Times of Crisis
Economic, financial and social commentators from all directions and of various persuasions 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? The article contextualizes and examines this question from the viewpoint of economic policy. The analysis is divided into three parts. The first part deals with the mainstream macroeconomic perspective. This approach claims to have already solved all the theoretical riddles, so the main emphasis here is on the practical question of how to engineer a recovery. The second part deals with the Marxist view. Marxists stress the inherent contradictions of accumulation, so the question for them is the very possibility of sustained growth. The third and final part takes the view of capital as power. Capitalized power hinges not on growth, but on strategic sabotage. So from this viewpoint, the key question is not how capitalists can achieve and sustain a recovery, but whether they can afford it to start with.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Review of Capital as Power ; Volume: 1 ; Year: 2014 ; Issue: 1 ; Pages: 110-155 ; s.l.: Forum on Capital As Power - Toward a New Cosmology of Capitalism
- Klassifikation
-
Wirtschaft
- Thema
-
crisis
economic policy
economic theory
expectations
growth
income distribution
Keynesianism
Marxism
monetarism
neoclassical economics
profit
underconsumption
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nitzan, Jonathan
Bichler, Shimshon
- Ereignis
-
Veröffentlichung
- (wer)
-
Forum on Capital As Power - Toward a New Cosmology of Capitalism
- (wo)
-
s.l.
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Nitzan, Jonathan
- Bichler, Shimshon
- Forum on Capital As Power - Toward a New Cosmology of Capitalism
Entstanden
- 2014
Ähnliche Objekte (12)
Can Capitalists Afford a Trumped Recovery?
Can Capitalists Afford Recovery? A 2018 Update
Can Capitalists Afford Recovery? Economic Policy When Capital is Power
ההון ושברו (Capital and its Crisis)
Can Capitalists Afford Recovery? A 2018 Update and a Closer Look
Capital and its Crisis: Table of Contents and Introduction
How Capitalists Learned to Stop Worrying and Love the Crisis
How Capitalists Learned to Stop Worrying and Love the Crisis
With their Back to the Future: Will Past Earnings Trigger the Next Crisis
With Their Back to the Future: Will Past Earnings Trigger the Next Crisis?
The Scientist and the Church
No Way Out: Crime, Punishment and the Limits to Power (Transcript and Video)
Can Capitalists Afford a Trumped Recovery?
Can Capitalists Afford Recovery? A 2018 Update
Can Capitalists Afford Recovery? Economic Policy When Capital is Power
ההון ושברו (Capital and its Crisis)
Can Capitalists Afford Recovery? A 2018 Update and a Closer Look
Capital and its Crisis: Table of Contents and Introduction
How Capitalists Learned to Stop Worrying and Love the Crisis
How Capitalists Learned to Stop Worrying and Love the Crisis
With their Back to the Future: Will Past Earnings Trigger the Next Crisis
With Their Back to the Future: Will Past Earnings Trigger the Next Crisis?
The Scientist and the Church
No Way Out: Crime, Punishment and the Limits to Power (Transcript and Video)
Can Capitalists Afford a Trumped Recovery?
Can Capitalists Afford Recovery? A 2018 Update
Can Capitalists Afford Recovery? Economic Policy When Capital is Power
ההון ושברו (Capital and its Crisis)
Can Capitalists Afford Recovery? A 2018 Update and a Closer Look
Capital and its Crisis: Table of Contents and Introduction
How Capitalists Learned to Stop Worrying and Love the Crisis
How Capitalists Learned to Stop Worrying and Love the Crisis
With their Back to the Future: Will Past Earnings Trigger the Next Crisis
With Their Back to the Future: Will Past Earnings Trigger the Next Crisis?
The Scientist and the Church