Shaikh’s path 4 Capitalism as a Turbulent System

The video discusses a book that reexamines capitalism as a turbulent system, focusing on consumer behavior, competition, and profitability. It challenges traditional economic theories by emphasizing empirical data and budget constraints over utility theory. The book also explores the role of new investment in equalizing profit rates and links profitability to effective demand, drawing on ideas from Keynes and Soros.

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