Search results
Mar 22, 2011 · Drawing on historical and other empirical evidence, this paper provides a causal explanation of a central question: why sustained per capita growth occurs in capitalist economies—i.e. in what way capitalism differs from ‘the market’ that gives it this property.
- Michael Joffe
- 2011
Mar 22, 2011 · Drawing on historical and other empirical evidence, this paper provides a causal explanation of a central question: why sustained per capita growth occurs in capitalist economies—i.e. in what way capitalism differs from ‘the market’ that gives it this property.
Month:Total Views:October 202411September 202413August 20242July 20243- Michael Joffe
- 2011
Feb 26, 2018 · It begins with an acceptance that capitalism is unstable and prone to crisis even during a period of strong and stable growth – as the great financial crash of 2007-08 demonstrated.
Drawing on historical and other empirical evidence, this paper provides a causal explanation of a central question: why sustained per capita growth occurs in capitalist economies—i.e. in what way capitalism differs from ‘the market’ that gives it this property.
This article emphasizes capitalist economies' main contribution to the general welfare: economic growth far exceeding that achieved by any other economic system throughout history. It classifies capitalist economies into four categories: oligarchic capitalism, state-guided capitalism, big-firm capitalism, and entrepreneurial capitalism.
Jul 22, 2017 · This chapter traces the relationship between the emergence of the current growth paradigm and the development of capitalism. It argues that economic growth is a fairly recent phenomenon which is inherently linked to the emergence of capitalism in the seventeenth and eighteenth centuries.
People also ask
What is the relationship between economic growth and capitalism?
How do capitalist economies contribute to the general welfare?
What is capitalist growth?
How does capitalism affect the economy?
What is the root cause of capitalist growth?
Does a capitalist economy have a critical mass?
Sep 18, 2016 · For 40 largest countries in the International Monetary Fund (IMF) database, it is shown statistically that capitalism, between 2003 and 2012, is positively correlated significantly to economic growth.
