Profit: The Cause of Crisis in Capitalism
In this paper, we show that the main reason for the recurring crises is integrated into the very foundation of capitalism. The reason lies in the fundamental premise of capitalism that capital must yield profits. This premise demands a constant growth (e.g., 2% per anum) of a real economy. Such grow...
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| Format: | Article |
| Language: | English |
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Athens Institute for Education and Research
2017-04-01
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| Series: | Athens Journal of Business & Economics |
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| Online Access: | https://www.athensjournals.gr/business/2017-3-2-6-Tomazic.pdf |