The Capitalist Economy and Its Prosthetics

Gerhard H. Wachter

The Capitalist Economy and Its Prosthetics
Format
Paperback
Publisher
Transcript Verlag
Country
DE
Published
10 September 2024
Pages
532
ISBN
9783837672787

The Capitalist Economy and Its Prosthetics

Gerhard H. Wachter

Within capitalism, a sterile economy emerges, which takes away investment from the productive economy, resulting in deficient employment generating spending and underemployment. States react with prosthetics, i.e., artificial transfers to the productive economy. These in turn are financed by external violence, protectionism, taxation, public and private indebtedness and - increasingly - by money creation. What happens when these methods will be exhausted? Gerhard H. Waechter examines major theoretical and historical lines of the subject using Quesnay, Sismondi, Malthus, Marx, Keynes and others.

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