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Modern Capitalist Theories of the Economic Cycle

Authors
Disciplines
  • Economics
  • Political Science

Abstract

>p>Today, capitalist economics gives particularly great attention to problems of capitalist reproduction and crises. The growing economic contradictions of capitalism in the period of its general crisis have a direct influence upon the treatment of these problems.>/p>>p>The majority of contemporary capitalist theories of economic crises are closely related to Keynesianism. As we know, Keynes advanced a theory which, without touching the foundations of the capitalist economy (private ownership of the means of production and the profit motive as the motive force of capitalism production), claimed to be able to extract capitalist society from the catastrophes of crises and unemployment.>/p>

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