Overview

This book presents a new theory of market and capitalism, detailing its key moments and general logic. It is based on the distinction between two market types: the simple commodity market and the capitalist one.In contrast to what is usually uncritically accepted, disequilibrium and “imperfect competition” are admitted here to be a functional norm of the capitalist market. The book also shows that equilibrium and “perfect competition” are admitted to be a functional anomaly, with crises considered as the result of such an anomaly. It details the general principles and concrete measures of crisis-proof policies and behavior.

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9781527575851

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Anatoliy Zhelezniak graduated from the Kharkov Institute of Radio-Electronics and the Department of History of Kharkov State (now National) University, Ukraine, in 1991. He worked as an engineer and private computer teacher, and published two papers on economics in professional journals and several papers on publicism devoted to social structure and the main features of economics of the post-Soviet transition period.

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