• Cover Image

Capitalistic Musings

By: Sam Vaknin

... write to: palma@unet.com.mk or to vaknin@link.com.mk Visit the Author Archive of Dr. Sam Vaknin in "Central Europe Review": http://www.ce-revi... ...et http://samvak.tripod.com/after.html Created by: LIDIJA RANGELOVSKA REPUBLIC OF MACEDONIA C O N T E N T S I. Economics - Psychology's Neg... ...O N T E N T S I. Economics - Psychology's Neglected Branch II. The Misconception of Scarcity III. The Roller Coaster Market – On Volatility IV.... ...andscape. The abolition of scarcity was a pillar of the paradigm shift to the "new economy". The marginal costs of producing and distributing intan... ...e product differentiation. Indeed, such firms justify charging money for their "new economy" products with the huge sunken costs they incur - the in... ... capacity, software programmers, servers are all scarce to start with - in the old economy sense. This scarcity accounts for the stratospheric ers... ...llowing for price differentials, the one-month cost of treatment of Tuberculosis in Tanzania was the equivalent of 500 working hours - compared to 1...

Critical analysis of the foundations and tenets of capitalism and of the dismal science - economics.

Read More