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      World Review of Political Economy

      Volume 3, Issue 1
       
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      CAPITALISM'S INHERENT PARADOX IN RELATION TO INTERNATIONAL DEVELOPMENT

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      Journal: World Review of Political Economy
      Publisher: Pluto Journals
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            Abstract

            The article questions whether free market capitalism can provide a basis for human prosperity. It argues that the two fundamental contradictions of the current formulation of capitalism generate an inherently paradoxical system that is bound to encounter ever more damaging crises. The determination of plutocrats to suppress any serious consideration of these weaknesses is indicative of the presence of a double bind which precludes the establishment of a more viable basis for human interactions and development. Finally, responses are briefly suggested that are incremental rather than revolutionary.

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            Author and article information

            Journal
            Journal ID (jstor): worlrevipoliecon
            Journal ID (doi): 10.2307/j50005553
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            Publication date (Print): 1 April 2012
            Volume: 3
            Issue: 1
            Pages: 30-42
            Article
            DOI: 10.2307/41931958
            SO-VID: cf9f956c-c850-431a-8392-606471c1a666
            Copyright © © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2012
            License:

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
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            ScienceOpen disciplines: Political economics

            Notes

            1. Rodrik (2011: 77)

            2. Ellerman 2010

            3. Ellerman 2005: 269

            4. Harvey (2011:47)

            5. Shutt (2005:38)

            6. Grieve (2012: 138)

            7. Harvey (2011: 226)

            8. Honoré de Balzac, "Le Père Goriot"—"Behind every fortune is a crime."

            9. Tom Leonard in New York—accessed October 8, 2010, from http://www.telegraph.co.uk/ news/worldnews/7927500/American-billionaires-pledge-fortunes-to-charity.html

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