Items related to Sociale Briefe an von Kirchmann, Vol. 1

Sociale Briefe an von Kirchmann, Vol. 1 - Softcover

Johann Karl Rodbertus

 
9780243359721: Sociale Briefe an von Kirchmann, Vol. 1

Synopsis

This captivating work explores the economic pitfalls of capitalism and its dire effects on society. The author examines the widespread poverty and unemployment stemming from the relentless pursuit of growth and profit, arguing that the system's inherent contradictions inevitably result in economic crises and human suffering. These crises, also known as business cycles, are characterized by a boom period of rampant speculation and high profits, followed by a bust period of collapsing asset prices, business failures, and mass unemployment. The author provides a detailed analysis of three major crises: the panics of 1819, 1835, and 1837. Drawing on these historical examples, the author argues that these crises are not merely temporary setbacks but are inherent to the capitalist system. The book delves into the complex mechanisms of these crises, tracing their origins to imbalances between production and consumption as well as the speculative excesses fueled by credit and debt. The author concludes that capitalism's relentless pursuit of profit and growth inevitably leads to economic turmoil and human misery, highlighting the need for fundamental changes in our economic systems.

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