The Capitalist Economy and its Prosthetics : Necessity, Evolution and Dilemmas of a Brotherhood / / Gerhard H. Wächter

• Autore: Wächter Gerhard H.
• Pubblicazione: Bielefeld : , : transcript Verlag, , [2024]; ©2024
• Descrizione fisica: 1 online resource (532 p.)
• Disciplina: 330.12/2
• Soggetto topico: Capitalism; Deficit financing; SOCIAL SCIENCE / Sociology / General
• Nota di contenuto: 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
• Sommario/riassunto: 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, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies - through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation - is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood.
• Titolo autorizzato: The Capitalist Economy and its Prosthetics
• ISBN: 9783839472781; 3839472784
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910855200903321
• Lo trovi qui: Univ. Federico II