An Anarchist FAQ - Section C - What are the myths of capitalist economics?
PDF version of Section C.
Section C - What are the myths of capitalist economics?
C.1.1 Is economics really value free?
C.1.2 Is economics a science?
C.1.3 Can you have an economics based on individualism?
C.1.4 What is wrong with equilibrium analysis?
C.1.5 Does economics really reflect the reality of capitalism?
C.1.6 Is it possible to have non-equilibrium based capitalist economics?
C.2.1 What is "surplus-value"?
C.2.2 How does exploitation happen?
C.2.3 Is owning capital sufficient reason to justify profits?
C.2.4 Do profits represent the productivity of capital?
C.2.5 Do profits represent the contribution of capital to production?
C.2.6 Does the "time value" of money justify interest?
C.2.7 Are interest and profits not the reward for waiting?
C.2.8 Are profits the result of innovation and entrepreneurial activity?
C.2.9 Do profits reflect a reward for risk?
C.4.1 How extensive is Big Business?
C.4.2 What are the effects of Big Business on society?
C.4.3 What does the existence of Big Business mean for economic theory and wage labour?
C.7.1 What role does class struggle play in the business cycle?
C.7.2 What role does the market play in the business cycle?
C.7.3 What else affects the business cycle?
C.8.1 Does this mean that Keynesianism works?
C.8.2 What happened to Keynesianism in the 1970s?
C.8.3 How did capitalism adjust to the crisis in Keynesianism?
C.9 Would laissez-faire policies reduce unemployment, as supporters of "free market" capitalism claim?