Section C - What are the myths of capitalist economics?



[1]Introduction



[2]C.1 What is wrong with economics?

[3]C.1.1 Is economics really value free?
[4]C.1.2 Is economics a science?
[5]C.1.3 Can you have an economics based on individualism?
[6]C.1.4 What is wrong with equilibrium analysis?
[7]C.1.5 Does economics really reflect the reality of capitalism?
[8]C.1.6 Is it possible to have non-equilibrium based capitalist economics?

[9]C.2 Why is capitalism exploitative?

[10]C.2.1 What is "surplus-value"?
[11]C.2.2 How does exploitation happen?
[12]C.2.3 Is owning capital sufficient reason to justify profits?
[13]C.2.4 Do profits represent the productivity of capital?
[14]C.2.5 Do profits represent the contribution of capital to production?
[15]C.2.6 Does the "time value" of money justify interest?
[16]C.2.7 Are interest and profits not the reward for waiting?
[17]C.2.8 Are profits the result of innovation and entrepreneurial activity?
[18]C.2.9 Do profits reflect a reward for risk?

[19]C.3 What determines the distribution between labour and capital?



[20]C.4 Why does the market become dominated by Big Business?

[21]C.4.1 How extensive is Big Business?
[22]C.4.2 What are the effects of Big Business on society?
[23]C.4.3 What does the existence of Big Business mean for economic theory
and wage labour?

[24]C.5 Why does Big Business get a bigger slice of profits?

[25]C.5.1 Aren't the super-profits of Big Business due to its higher
efficiency?

[26]C.6 Can market dominance by Big Business change?



[27]C.7 What causes the capitalist business cycle?

[28]C.7.1 What role does class struggle play in the business cycle?
[29]C.7.2 What role does the market play in the business cycle?
[30]C.7.3 What else affects the business cycle?

[31]C.8 Is state control of money the cause of the business cycle?

[32]C.8.1 Does this mean that Keynesianism works?
[33]C.8.2 What happened to Keynesianism in the 1970s?
[34]C.8.3 How did capitalism adjust to the crisis in Keynesianism?

[35]C.9 Would laissez-faire policies reduce unemployment, as supporters of
"free market" capitalism claim?

     [36]C.9.1 Would cutting wages reduce unemployment?
     [37]C.9.2 Is unemployment caused by wages being too high?
     [38]C.9.3 Are "flexible" labour markets the answer to unemployment?
     [39]C.9.4 Is unemployment voluntary?

[40]C.10 Is "free market" capitalism the best way to reduce poverty?

[41]C.10.1 Hasn't neo-liberalism benefited the world's poor?
[42]C.10.2 Does "free trade" benefit everyone?
[43]C.10.3 Does "free market" capitalism benefit everyone, especially working
class people?
[44]C.10.4 Does growth automatically mean people are better off?

[45]C.11 Doesn't neo-liberalism in Chile prove that the free market benefits
everyone?

[46]C.11.1 Who benefited from Chile's experiment?
[47]C.11.2 What about Chile's economic growth and low inflation?
[48]C.11.3 Did neo-liberal Chile confirm capitalist economics?

[49]C.12 Doesn't Hong Kong show the potentials of "free market" capitalism?

     * [50]C.0 Section C Introduction
     * [51]C.1 What is wrong with economics?
     * [52]C.2 Why is capitalism exploitative?
     * [53]C.3 What determines the distribution between labour and
       capital?
     * [54]C.4 Why does the market become dominated by Big Business?
     * [55]C.5 Why does Big Business get a bigger slice of profits?
     * [56]C.6 Can market dominance by Big Business change?
     * [57]C.7 What causes the capitalist business cycle?
     * [58]C.8 Is state control of credit the cause of the business cycle?
     * [59]C.9 Would laissez-faire capitalism reduce unemployment?
     * [60]C.10 Is "free market" capitalism the best way to reduce
       poverty?
     * [61]C.11 Doesn't neo-liberalism in Chile prove that the free market
       benefits everyone?
     * [62]C.12 Doesn't Hong Kong show the potentials of "free market"
       capitalism?

   [63] B.7 What classes exist within modern society? [64]up [65]C.0
   Section C Introduction 

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