Mateusz Machaj: 2 books
Capitalism, Socialism and Property Rights
Why Market Socialism Cannot Substitute the Market
Language: English
Release Date: July 6, 2018
The comparative analysis of socialist and capitalist economic systems has given rise to a voluminous literature in the history of economic thought, yet detailed analysis of the “market socialism” model, which seeks to imitate the functional efficiency of capitalism by simulating a competitive...
Money, Interest, and the Structure of Production
Resolving Some Puzzles in the Theory of Capital
Language: English
Release Date: October 5, 2017
Is macroeconomic equilibrium possible under capitalism? How do economic bubbles develop? How does a monetary system influence the market mechanism? Is the return on capital a beneficial feature of the economic system? How does complexity of a capitalist organization influence the market process? Can...