The Capitalist Economy and its Prosthetics - Necessity, Evolution and Dilemmas of a Brotherhood

Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies - through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation - is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood.

Résumé

Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies – through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation – is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood.

Texte suppl.

Besprochen in:
Journal of Economic Literature, 62/4 (2024)

Commentaire

Besprochen in:
Journal of Economic Literature, 62/4 (2024)

Détails du produit

• Auteurs: Gerhard H Wächter, Gerhard H. Wächter
• Edition: Transcript
• Langues: Anglais
• Format d'édition: Livre de poche
• Sortie: 01.06.2024
• EAN: 9783837672787
• ISBN: 978-3-8376-7278-7
• Pages: 532
• Dimensions: 150 mm x 30 mm x 230 mm
• Poids: 727 g
• Illustrations: 24 SW-Abb., 2 Farbabb.
• Thème: Edition transcript
• Catégories: Sciences humaines, art, musique > Philosophie > Général, dictionnaires; Sciences sociales, droit, économie > Sociologie > Sociologie du travail, de l'économie et de l'industrie; Wirtschaft, Wirtschaftsgeschichte, Verstehen, Politics, Economics, finance, business & management, PHILOSOPHY / General, Economy, Economic Sociology, Capitalism, Wirtschaftstheorie und -philosophie, Economics, PHILOSOPHY / History & Surveys / General, Philosophy, prosthetics, Social & cultural history, Social Mobility, Business ethics & social responsibility, General & world history, Economic history, Systems Theory, Politics & government, Social & political philosophy, Economic theory & philosophy, Political structure & processes, auseinandersetzen, Economic Theory, Production, Political Economy, History of Western philosophy, Sociology and anthropology, Central government policies, Money Creation, Capitalist Economy, Philosophy and psychology, Culture and institutions, The political process, Groups of people, Political science (Politics and government), History, geography, and auxiliary disciplines, Occupational ethics, Modern Western and other noneastern philosophy