IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/53558.html
   My bibliography  Save this paper

A New Theory of Capitalism: Key Moments and General Logic

Author

Listed:
  • Zheleznyak, Anatoliy

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

  • Zheleznyak, Anatoliy, 2013. "A New Theory of Capitalism: Key Moments and General Logic," MPRA Paper 53558, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53558
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/53558/1/MPRA_paper_53558.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Lee, Frederic, 2011. "The making of heterodox microeconomics," MPRA Paper 30907, University Library of Munich, Germany.
    2. Journal of Economics Library, 2015. "New Economics Books," Journal of Economics Library, KSP Journals, vol. 2(4), pages 380-426, December.
    3. Journal of Economics Library, 2015. "New Economics Books," Journal of Economics Library, KSP Journals, vol. 2(3), pages 214-284, September.
    4. Elliott, John E., 1983. "Schumpeter and the theory of capitalist economic development," Journal of Economic Behavior & Organization, Elsevier, vol. 4(4), pages 277-308, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fabio D'Orlando, 2018. "Problems, solutions and new problems with the third wave of technological unemployment," Working Papers 2018-02, Universita' di Cassino, Dipartimento di Economia e Giurisprudenza.
    2. Jean Pisani-Ferry, 2021. "Global asymmetries strike back," Essays and Lectures 44335, Bruegel.
    3. L. F. Lebedeva, 0. "Integration Challenges in Polycentric World: Economic Aspect," International Trade and Trade Policy, ФГБОУ ВО "Ð Ð¾Ñ Ñ Ð¸Ð¹Ñ ÐºÐ¸Ð¹ Ñ ÐºÐ¾Ð½Ð¾Ð¼Ð¸Ñ‡ÐµÑ ÐºÐ¸Ð¹ ÑƒÐ½Ð¸Ð²ÐµÑ€Ñ Ð¸Ñ‚ÐµÑ‚ им. Г.Ð’. Плеханова", issue 1.
    4. Hani A. AlGhamdi, 2021. "Saudi Airlines Service Quality: Passengers’ Perceptions toward SAUDIA Operational Procedures Pre-flight Services: An Empirical Investigation," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(1), pages 122-122, July.
    5. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Interest rates and house prices: pill or poison?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    6. Jeremy Clark & John Spraggon, 2020. "Using Revenue Sharing for Higher Risk and Return Business Ventures in Microfinance: An Experimental Study," Working Papers in Economics 20/01, University of Canterbury, Department of Economics and Finance.
    7. Grégoire Wallenborn, 2018. "Rebounds Are Structural Effects of Infrastructures and Markets," ULB Institutional Repository 2013/277828, ULB -- Universite Libre de Bruxelles.
    8. Jorge Buzaglo, 2016. "Expanding Human Capabilities: Lange’s “Observations†Updated for the 21st Century," Economic Thought, World Economics Association, vol. 5(2), pages 1-11, September.
    9. António Osório, 2020. "On the first-offer dilemma in bargaining and negotiations," Theory and Decision, Springer, vol. 89(2), pages 179-202, September.
    10. Matthew C. Rousu & Courtney A. Conrad, 2017. "Economic Lessons from the Musical Hamilton," Journal of Economics Teaching, Journal of Economics Teaching, vol. 2(1), pages 30-50, June.
    11. JosŽ Luis Oreiro & Luciano Luiz Manarin & Paulo Gala, 2020. "Deindustrialization, economic complexity and exchange rate overvaluation: the case of Brazil (1998-2017)," PSL Quarterly Review, Economia civile, vol. 73(295), pages 313-341.
    12. Gerald P. O'Driscoll Jr., 2016. "Monetary Policy and the Knowledge Problem," Cato Journal, Cato Journal, Cato Institute, vol. 36(2), pages 337-352, Spring/Su.
    13. Jeremy Clark & John Spraggon, 2017. "The Applicability of Micro Finance to Higher Risk Business Ventures: An Experimental Study," Working Papers in Economics 17/20, University of Canterbury, Department of Economics and Finance.
    14. Oreiro, José L. & da Silva, Kalinka M. & Dávila-Fernández, Marwil J., 2020. "A New Developmentalist model of structural change, economic growth and middle-income traps," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 26-38.
    15. , Stone Center & Segal, Paul, 2020. "Inequality as Entitlements over Labor," SocArXiv x9fhq, Center for Open Science.
    16. Abdullah AÇIK & Hüseyin İshak Halil KESİKTAŞ & Sadık Özlen BAŞER, 2020. "Role Of Interest Rates On Fleet Capacity Adjustment Decisions Of Shipowners," Journal of Research in Economics, Politics & Finance, Ersan ERSOY, vol. 5(1), pages 66-80.
    17. Gehrig, Stefan & Mesoudi, Alex & Lamba, Shakti, 2020. "Banking on cooperation: An evolutionary analysis of microfinance loan repayment behaviour," OSF Preprints tmpqj, Center for Open Science.
    18. Andras Molnar & Shereen J. Chaudhry & George Loewenstein, 2020. ""It's Not about the Money. It's about Sending a Message!" Unpacking the Components of Revenge," CESifo Working Paper Series 8102, CESifo.
    19. Usenata, Nnyeneime, 2022. "Does corruption cause income inequality and long-run poverty?(Evidence from Nigeria)," MPRA Paper 113588, University Library of Munich, Germany.
    20. Ötsch, Walter & Pühringer, Stephan, 2019. "The anti-democratic logic of right-wing populism and neoliberal market-fundamentalism," Working Paper Series Ök-48, Cusanus Hochschule für Gesellschaftsgestaltung, Institut für Ökonomie.

    More about this item

    Keywords

    Theory of capitalism; capitalism; market; equilibrium (balance); disequilibrium (imbalance); perfect competition; imperfect competition; monopoly; crisis; crisis-proof policy; crisis-proof behaviour.;
    All these keywords.

    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 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General

    Statistics

    Access and download statistics

    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:pra:mprapa:53558. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.