Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/190952
Authors: 
Nitzan, Jonathan
Bichler, Shimshon
Year of Publication: 
2019
Series/Report no.: 
Research Note
Abstract: 
A new, capitalism-denying book is on the shelves, and it makes a stunning discovery: ‘Capitalism without competition is not capitalism’! Capitalist crisis, like climate change, tends to breed ‘capitalism deniers’. The problem, argue the deniers, lies not in capitalism but in its ‘distortions’. In its pure form, they maintain, capitalism is the best of all possible worlds. But to the deniers’ chagrin, contemporary capitalism is no longer pristine. Unlike its original, once-upon-a-time version, its current one is subject to distorting ‘imperfections’, ‘shocks’ and ‘exogenous’ events. And it is these aberrations – rather than capitalism itself – that should be blamed for the system’s misfortunes.
Subjects: 
capitalism
competition
fundamentalism
ideology
neoclassical economics
JEL: 
L
L1
P
URL of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/4.0/
Document Type: 
Working Paper
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