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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