Since 2014
Study on the theoretical framework of monopoly capital school and its comparison with Minsky theory
Journal of Economics and Political Economy
View Archive Info| Field | Value | |
| Title |
Study on the theoretical framework of monopoly capital school and its comparison with Minsky theory
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| Creator |
WEN, Gendi; School of Economics, Central University of Finance and Economics, China.
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| Subject |
Monopoly capital; Capital accumulation; Economic surplus; Economic stagnation; Financialization.
D42; L12. |
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| Description |
Abstract. Global financial crisis which broke out in 2008 triggered the great recession of the global economy, making the non-mainstream Monopoly Capital School of economics rise to fame. The mainstream economics attributed the crisis to the different external shocks and policy errors. On the contrary, Monopoly Capital School focused on the process of capital accumulation under the stage of monopoly capitalism, and offered perspective on inherent instability defects of capitalism. Based on teasing out the theoretical framework of Monopoly Capital School, this paper analyzed the standpoints, views and methods of monopoly capitalism through comparing the theory with Minsky theory, not only contributing to the understanding the instability defects of capitalism, but also contributing to the thinking of the future direction of capitalism.Keywords. Monopoly capital, Capital accumulation, Economic surplus, Economic stagnation, Financialization.JEL. D42, L12.
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| Publisher |
Journal of Economics and Political Economy
Journal of Economics and Political Economy |
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| Contributor |
—
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| Date |
2018-07-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEPE/article/view/1704
10.1453/jepe.v5i2.1704 |
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| Source |
Journal of Economics and Political Economy; Vol 5, No 2 (2018): June; 250-265
Journal of Economics and Political Economy; Vol 5, No 2 (2018): June; 250-265 2148-8347 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEPE/article/view/1704/1705
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| Rights |
Copyright (c) 2018 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0 |
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