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Can Capitalists Afford Recovery? Economic Policy When Capital is Power

Shimshon Bichler and Jonathan Nitzan ()

No 2013/01, Working Papers on Capital as Power from Capital As Power - Toward a New Cosmology of Capitalism

Abstract: Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different question that few if any seem concerned with: can capitalists afford recovery in the first place?

Keywords: crisis; DA; economic policy; economic theory; expectations; growth; income distribution; Keynesianism; Marxism; monetarism; neoclassical economics; profit; underconsumption (search for similar items in EconPapers)
Date: 2013
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