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A New Theory of Capitalism: Key Moments and General Logic

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  • Anatoliy M. Zheleznyak

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Abstract

A new theory of capitalism is suggested. Its key moments and general logic are presented. This theory is based on the distinction between two market types – the simple commodity market and the capitalist one. Disequilibrium and "imperfect competition" are admitted to be a functional norm of capitalism. Respectively, an equilibrium and "perfect competition" are admitted to be a functional anomaly; crises are considered as the result of such an anomaly. General principles and concrete measures of crisis-proof policy and crisis-proof behavior are suggested.

Suggested Citation

  • Anatoliy M. Zheleznyak, 2015. "A New Theory of Capitalism: Key Moments and General Logic," Eastern European Business and Economics Journal, Eastern European Business and Economics Studies Centre, vol. 1(1), pages 28-45.
  • Handle: RePEc:eeb:articl:v:1:y:2015:i:1:p:28-45
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    Cited by:

    1. Zheleznyak, Anatoliy, 2014. "Новая Теория Рынка И Капитализма. В 3-Х Частях. Часть 3. Капитализм [A New Theory of Market and Capitalism. In three parts. Part 3. Capitalism]," MPRA Paper 60970, University Library of Munich, Germany.

    More about this item

    Keywords

    Theory of capitalism; market; equilibrium; perfect competition; imperfect competition; monopoly; crisis; crisis-proof policy; crisis-proof behaviour.;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • P10 - Economic Systems - - Capitalist Systems - - - General

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