IDEAS home Printed from https://ideas.repec.org/a/blg/journl/v11y2016i3p5-20.html
   My bibliography  Save this article

An Economic Viewpoint On Capitalism Bashing

Author

Listed:
  • BURNETE Sorin

    (Lucian Blaga University of Sibiu, Romania)

Abstract

In this paper I discuss two long disputed notions: that capitalism without crises is a fallacy respectively that capitalism bashing, however severe, will not endanger the system itself. Yet proving both is not an easy task since the capitalism issue has always been a cupellation of theory, ideology and political precepts, which are controversial and hard to disentangle. That capitalism detractors are numberless is a truism. Yet criticism against capitalism, however fierce, has always been clearly delineated. Not any more: globalization has rendered the picture dangerously fuzzy. It is now hard to ascertain whether someone who will harangue about the ostensible evils of globalization is also a declared anti-capitalist. The blend of capitalism and globalization seems to be pure dynamite.

Suggested Citation

  • BURNETE Sorin, 2016. "An Economic Viewpoint On Capitalism Bashing," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 11(3), pages 5-20, December.
  • Handle: RePEc:blg:journl:v:11:y:2016:i:3:p:5-20
    as

    Download full text from publisher

    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/11301burnete.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Ignacio Palacios-Huerta, 2003. "Professionals Play Minimax," Review of Economic Studies, Oxford University Press, vol. 70(2), pages 395-415.
    2. Rapoport, Amnon & Erev, Ido & Abraham, Elizabeth V. & Olson, David E., 1997. "Randomization and Adaptive Learning in a Simplified Poker Game," Organizational Behavior and Human Decision Processes, Elsevier, vol. 69(1), pages 31-49, January.
    3. World Bank Group, 2015. "Global Economic Prospects, June 2015," World Bank Publications, The World Bank, number 21999.
    4. Mark Walker & John Wooders, 2001. "Minimax Play at Wimbledon," American Economic Review, American Economic Association, pages 1521-1538.
    5. P.-A. Chiappori, 2002. "Testing Mixed-Strategy Equilibria When Players Are Heterogeneous: The Case of Penalty Kicks in Soccer," American Economic Review, American Economic Association, pages 1138-1151.
    6. Mookherjee, Dilip & Sopher, Barry, 1997. "Learning and Decision Costs in Experimental Constant Sum Games," Games and Economic Behavior, Elsevier, pages 97-132.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:11:y:2016:i:3:p:5-20. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mihaela Herciu) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/feulbro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.