EconoFiction

Capitalism, financial system and forms of exploitation

9 Aug , 2019  

Spyros Lapatsioras/John Milios/Dimitris P. Sotiropoulos

Financial intermediation is a sui generis service itself and is therefore a productive activity striving for profit maximization, like any other sector of the capitalist economy.

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EconoFiction

Crisis Theory: The Decline of Capitalism As The Growth of Expensive and Fragile Complexity

30 Sep , 2018  

It’s an empirical fact that the economy experiences business cycles, in other words, oscillations between booms and busts.  Furthermore, many argue that the economy is experiencing a secular decline. For example, productivity across all industries has decreased since the 1970s. What ares the mechanisms behind these instabilities and also decline?  ...

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