The challenge of the “new capitalism” for “market capitalism” in developed countries
Journal Title: KONIŃSKIE STUDIA SPOŁECZNO-EKONOMICZNE - Year 2018, Vol 4, Issue 4
Abstract
The article discusses the transformation from “market capitalism” to the new (“pro-business”) capitalism. Market capitalism is the organization of economic activities through private entrepreneurship in free competitive markets. The “new capitalism” is characterized by re-regulation to the benefit of the “pro-business” sector. This article largely utilizes Robert Reich’s criteria and analysis of the new capitalism to characterize market capitalism in order to provide acom-parison between these two types of capitalism. In addition to Robert Reich’s analysis, the paper also uses the work of Adam Smith, Karl Marx, JohnMaynard Keynes and Thomas Piketty.
Authors and Affiliations
Shlomo Waichman
Keywords
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- EP ID EP598788
- DOI 10.30438/ksse.2018.4.4.3
- Views 50
- Downloads 0
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