| Autor: |
Tapia Granados, Jose A. |
| Předmět: |
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| Zdroj: |
Capitalism, Nature, Socialism; Mar2010, Vol. 21 Issue 1, p101-119, 19p, 3 Graphs |
| Abstrakt: |
The article focuses on the implications and causes of global financial crisis to the world economy. It states that the economic crisis is caused by exogenous interferences which may arise from worker unions, monopolies, the government or any components that impede the normal tendency of markets to achieve the equilibrium. It mentions that in the absence of such exogenous interferences, the economy will function properly. It notes that Jean Baptiste Say's idea of general glut as a controversy in recession is opposed by other stating that the controversy of general glut is impossible because the conditions of total supply outweighing total demand are natural in the history of modern commercial countries. It adds that business profit is the basic driver of the market economy. |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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