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This paper argues that Marx’s theory of economic crises constitutes a system of three discrete ‘sub-theories’ on: (i) distributive growth cycles; (ii) effective demand; and (iii) the tendency of the average profit rate to fall. The paper explores the relationships between these sub-theories...
Persistent link: https://www.econbiz.de/10015243042
The economic crisis that inflicted Greece is international in character and its cause is in the decreasing profitability of capital which from a certain point onwards leads to the stagnation of profits, discourages new investment, reduces production and increases unemployment. If these are...
Persistent link: https://www.econbiz.de/10015246626
Το παρόν άρθρο πραγματοποιεί μια ιστορική αναδρομή αναφορικά με τις μεταβολές της νομισματικής πολιτικής στις ΗΠΑ μέσα από τις επιτυχημένες ή μη πολιτικές της...
Persistent link: https://www.econbiz.de/10015244792