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Capitalism : Competition, Conflict, Crises by Anwar Shaikh is a business book available to read on EtoBox.

What is Capitalism : Competition, Conflict, Crises about?

Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and bala

Who reads Capitalism : Competition, Conflict, Crises?

Author

Anwar Shaikh

Publisher

IRL Press at Oxford University Press

Published

2016

Language

EN

ISBN

9780199390656

Category

business

Subjects

History, Economics, Business

Rating

4.6 / 5 (71 ratings)

Updated

2026-03-14