Roads to social capitalism theory, evidence, and policy
The current crises in the financialization of capitalism, and their repercussions on the financial viability of entire countries, severely question the achievements of mainstream economics and its disregard of Keynes's theory of effective demand and finance. In view of this, Peter Flaschel and...
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| Format: | eBook |
| Language: | English |
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Cheltenham, U.K
Edward Elgar
2012
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | The current crises in the financialization of capitalism, and their repercussions on the financial viability of entire countries, severely question the achievements of mainstream economics and its disregard of Keynes's theory of effective demand and finance. In view of this, Peter Flaschel and Sigrid Luchtenberg consider roads to a type of capitalism that could eventually be considered as 'social' in nature. The authors underpin their study with theory, empirical evidence, and policy from a positive as well as a normative perspective. As points of departure for their concept of social capitalism, the theoretical framework provides a synthesis of the work of Marx, Keynes, and Schumpeter on ruthless capitalism, regulated capitalism, and competitive socialism pt. 1. Failing capitalism : baseline scenarios and social reforms -- pt. 2. The forces to cope with : effective demand, finance and innovation -- pt. 3. systemic crises, policy responses and the road to social capitalism |
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| Physical Description: | xii, 372 p ill |
| ISBN: | 9781781951392 9781781002872 1781002878 |