The Capitalist Economy and its Prosthetics Necessity, Evolution and Dilemmas of a Brotherhood

Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artifi...

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Detalles Bibliográficos
Autor principal: Wächter, Gerhard H., author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Bielefeld : transcript Verlag [2024]
Colección:Edition transcript ; 13
Materias:
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009818437506719
Tabla de Contenidos:
  • Frontmatter
  • Contents
  • Foreword
  • Part I: Introduction to elementary economics of profit economies
  • Chapter I. Praeter-Economics: Wealth procurement by violence
  • Chapter II. Value, money and the economic system
  • Section 1. Value and value attribution
  • Section 2. Money and money creation
  • Section 3. The economic system
  • Chapter III. Wealth procurement by exchange
  • Section 1. Consumptive and investive spending: C–M–C’ and M–C–M’
  • Section 2. The productive and the sterile economy
  • Section 3. A tableau économique of modern capitalism
  • Section 4. An original assembly
  • Part II: Ancient capitalism, the ascent of ancient prosthetics and their dilemmas
  • Chapter IV. Primitive society, civilization and the ancient master drama
  • Section 1. Goods procurement in primitive society
  • Section 2. Primitive society and civilization
  • Section 3. The master drama of ancient capitalism: Land for peasants
  • Chapter V. Conservative-restorative policies and prosthetics in ancient capitalism
  • Section 1. Conservative-restorative policies and prosthetics in ancient Greece
  • Section 2. Conservative-restorative policies and prosthetics in ancient Rome
  • Section 3. China: A glance at 2000 years of East-Eurasian ancient master drama
  • Section 4. The failure of conservatism/restoration, ancient prosthetics and their dilemmas
  • Part III: The deficiency of employment-generating spending in modern capitalism
  • Chapter VI. The master drama of modern capitalism: Employment for workers
  • Chapter VII. The structural deficiency of employmentgenerating spending in modern capitalism
  • Section 1. Circuit closure analysis
  • Section 2. Quesnay’s dépenses-integrated “royaume agricole”
  • Section 3. Smith: An invisible hand over suppliers and customers
  • Section 4. Proudhon and Sismondi: Producers cannot buy their produce
  • Section 5. Malthus: Costs cannot buy value
  • Section 6. What Say said and Ricardo’s Law of Say
  • Section 7. Marx’s insufficient theory on insufficient employmentgenerating spending
  • Section 8. Keynes: Firms’ deficient employment-generating spending as deficient remedy for consumers’ deficient employment-generating spending
  • Section 9. Kalecki: Only capitalists can save capitalists
  • Section 10. Minsky: Liquidity and firms’ employment-generating spending
  • Chapter VIII. The deficient-producive-spendingsyndrome
  • Section 1. A merely abstract possibility of circuit closure in capitalism
  • Section 2. The drain of wealth out of the productive economy
  • Section 3. The deficient-producive-spending-syndrome
  • Section 4. Secondary dynamics and the deficient-producive-spendingsyndrome
  • Part IV: The prosthetics of modern capitalism and their dilemmas
  • Chapter IX. Redistributive and expansive prosthetics
  • Chapter X. Redistributive prosthetics funded without money creation
  • Section 1. Redistributive prosthetics funded with domestic taxation and expropriations
  • Section 2. Redistributive prosthetics funded with war, external violent wealth procurement and protectionism
  • Section 3. Redistributive prosthetics funded with redistributive debt
  • Chapter XI. Expansive prosthetics funded with money creation in commodity money regimes
  • Section 1. Expansive prosthetics funded with commodity money creation
  • Section 2. Expansive prosthetics funded with merchant credit money creation
  • Section 3. Expansive prosthetics funded with private bank credit money creation
  • Chapter XII. Expansive prosthetics funded with money creation in state fiat money regimes
  • Section 1. From commodity money regimes to state fiat money regimes
  • Section 2. State fiat money creation aside private bank credit money creation
  • Section 3. Expansive prosthetics funded with private bank credit money creation
  • Section 4. Expansive prosthetics funded with state fiat money creation
  • Chapter XIII. The dilemmas of the prosthetics of modern capitalism
  • Afterword: An outlook in questions and answers
  • Appendix
  • Conventions
  • List of Figures
  • References