Can Capitalists Afford Recovery? Economic Policy When Capital is Power

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).

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Abstract or Brief Description

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?

Language

English

Publication Type

Article - Working Paper

Keywords

crisis DA economic policy economic theory expectations growth income distribution Keynesianism Marxism monetarism neoclassical economics profit underconsumption