Bibtex export
@book{ Wächter2024, title = {The Capitalist Economy and its Prosthetics: Necessity, Evolution and Dilemmas of a Brotherhood}, author = {Wächter, Gerhard H.}, year = {2024}, series = {Edition transcript}, pages = {532}, volume = {13}, address = {Bielefeld}, publisher = {transcript Verlag}, issn = {2702-9077}, isbn = {978-3-8394-7278-1}, doi = {https://doi.org/10.14361/9783839472781}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-94633-7}, abstract = {Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies - through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation - is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood.}, keywords = {Kapitalismus; capitalism; Ökonomie; economy; Politik; politics; Wirtschaftssoziologie; economic sociology; ökonomische Theorie; economic theory; Systemtheorie; system theory; Geldschöpfung; money creation}}