Economic Theory Commons^™

Shocks To Aggregate Demand And Aggregate Supply In The Midst Of Covid-19, Anna M. Gellerman

Publications and Research

COVID-19 sent shockwaves throughout the economy, changing the amounts of goods and services distributed and altering the demand. This article discusses the negative demand shock and adverse supply shock that the U.S. economy faced in 2020, and the policies that the government implemented to reverse these effects.

Teoria Da Crise E A Queda Da Taxa De Lucro, David Harvey

Publications and Research

Abstract:

David Harvey’s article argues against the importance given to the law of the tendency of the rate of profit to fall (TRPF), suggest­ing that Marx derived the « law » under « draconian » assumptions and that Engels was far more enthusiastic about it than Marx, who never went back to the theory later in his life despite its evident incompleteness. Therefore, he argues, we should not take his the­oretical conclusions too far. In his view, Marx perceived crises as momentary and violent eruptions that resolve the existing contra­dictions which can be considered as opportunities of capitalist re­construction rather …