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Paul . Ed(S): Zarembka - Why Capitalism Survives Crises - 9781848555860 - V9781848555860
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Why Capitalism Survives Crises

€ 207.85
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Description for Why Capitalism Survives Crises Hardback. Focuses attention on why capitalism survives crises by developing the argument that it has moved on from its 19th century embodiment to include a class of shock absorbers. This book tells how this class, consisting of fractionalised individuals, absorbs the massive surpluses of produced commodities. Editor(s): Zarembka, Paul. Series: Research in Political Economy. Num Pages: 300 pages, black & white illustrations, black & white tables, figures. BIC Classification: KCP; KCX. Category: (P) Professional & Vocational. Dimension: 237 x 160 x 27. Weight in Grams: 590.
The book, authored in the main by Simon Stander and true to the interdisciplinary nature of political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on from its 19th century embodiment to include a class of shock absorbers. This class, consisting of fractionalised individuals, absorbs the massive surpluses of produced commodities while buffering capitalism against the declines of values during crises of the financial system. This gives rise to Reformism, rather than class conflict, which becomes a central feature in the political arena. The absorptive class in its dialectical relationship to the other two major classes, capitalist and working class, is vital for this reformist tendency; in this context consideration of the individual in a narcissistic social environment also becomes a focus of attention. With its distinct importance, the absorptive class helps glue capitalist economy and state together, and this provides an understanding of the contradiction between the need for a 'big' state in the interest of the absorption of commodities and the 'small state' in the interest of efficient resource allocation and profit. The second portion of the volume considers the application and conceptualization of the value theory by two leading academics in political economy and concludes with an exposition of the methodology differences between two important Japanese Marxian economists.

Product Details

Format
Hardback
Publication date
2009
Publisher
Emerald Publishing Limited United Kingdom
Number of pages
300
Condition
New
Series
Research in Political Economy
Number of Pages
300
Place of Publication
Bingley, United Kingdom
ISBN
9781848555860
SKU
V9781848555860
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15

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