Munich Personal RePEc Archive

A New Theory of Capitalism: Key Moments and General Logic

Zheleznyak, Anatoliy (2013): A New Theory of Capitalism: Key Moments and General Logic.

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Abstract

A new theory of capitalism is suggested. Its key moments and general logic are presented. This theory is based on the distinction between two market types – the simple commodity market and the capitalist one. Disequilibrium and "imperfect competition" are admitted to be a functional norm of capitalism. Respectively, an equilibrium and "perfect competition" are admitted to be a functional anomaly; crises are considered as the result of such an anomaly. General principles and concrete measures of crisis-proof policy and crisis-proof behavior are suggested.

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