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effective demand arguments for the positive role of military spending in the US. Despite these contributions much of the empirical literature has been underpinned by a neoclassical perspective.
Dec 23, 2015 · Unsurprisingly, institutional economists, beginning at least with the work of John R. Commons (1862–1945), have long challenged the idea of scarcity as an underlying condition of modern industrial societies—such as the structure of monopoly (oligopoly) capitalism, as it first emerged in the United States in the 1880s.
- James M. Cypher
- 2015
Jul 5, 2021 · Capitalism is an economic system, but it's also so much more than that. It's become a sort of ideology, this all-encompassing force that rules over our lives and our minds.
- Rund Abdelfatah
Over the last half-century, neoclassical, Keynesian, and the two branches of Marxian economics have contested for hearts and minds. The Soviet version struggled with the other branch of Marxian economics much as neoclassical economics did with the Keynesian alternative.
Feb 14, 2022 · That is, capitalism needs non-capitalist systems to expand, and military power makes it possible. Therefore, one key strategic motive of high military spending by core capitalist nations is to sustain the hegemony over peripheral countries and to regulate the rivalry between them.
May 1, 2006 · Neoliberalism means the return to power of finance, that is, the most powerful (mainly U.S.) world capital owners. It started at the end of the 1970s—precisely since the rise in interest rates in the United States (1979), exacerbating the third-world debt crisis.
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This chapter seeks to explore and explain its attraction and dominance by looking at its ‘mythic’ and ideological character. Starting from a Foucauldian and Marxist inspired analysis, it analyses neoclassical economics as a form of power/knowledge which constitutes a dominant ‘regime of truth’.
