Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat LCCN Permalink Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Irrational economics phenomenon: its interpretations, features, contradictions
Available online: 27 May 2010 Subject Heading: Economy questions JEL Classification:
Today's crisis is caused by detachment of modern economy from actuality, its shift towards over-real relations and categories, and financilization. This fact proves inadequacy of libertarian economic model and particularly rational market concept. Historically, speculative factor features capitalism and in case of facing overcapitalization together with uneven distribution of capital adds transcendent qualities to actual commodities and generates virtual commodities. This favors irrational acts by economic agents due to inability to nominate the definite exchange value of such commodities. Thus we can declare irrational economy a present phenomenon which testifies its speculative nature and exists within immaterial superstructure to real economy. Keywords: irrationality, superstructure, profit, speculation, myth, virtual, added value, overcapitalization, reification, overconsumption, overproduction, commodification |
ISSN 2311-8709 (Online)
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