Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

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8 years ago

Keynes on welfare

Although the term "Keynesian" has come to describe the deficit-financed welfare function of the state, as discussed in Chapter 2, it is in some ways quite far from what Keynes' theory suggests and the policies he endorsed. While he recognized the temporary need for state debts, he was no fan of p…

—p.117 Disassembly Required: A Field Guide to Actually Existing Capitalism The Long Boom and the Longer Downturn (113) by Geoff Mann
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8 years ago

the details of Bretton Woods

Bretton Woods (to which Keynes contributed significantly, although the final arrangements differed from his proposals in important ways) had three main formal aims: to promote and fund postwar European reconstruction, in Germany and France especially; to secure the political stability of debtor nat…

—p.114 The Long Boom and the Longer Downturn (113) by Geoff Mann
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8 years ago

Karl Polanyi's contributions

[...] Polanyi has been rediscovered by critics of capitalism in recent years for two principal reasons. The first is his argument that capitalism only developed via the evolution of three "fictious commodities"--things that it must pretend are produced for sale on the market, but are not: land, lab…

—p.109 Markets, Contracts, and Firms (77) by Geoff Mann
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8 years ago

full employment is impossible in capitalism

[...] If wages were sufficiently flexible to clear all labour markets, then all firms would pay the same wage for the same work, and all workers could find work (the definition of market clearing). From a worker's perspective, quitting would be virtually costless. From an employer's perspective, co…

—p.106 Markets, Contracts, and Firms (77) by Geoff Mann
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8 years ago

corporations as a contradiction

[...] in capitalism the realms of market and the firm are in fact necessary complements. There is choice regarding markets and hierarchies because both are essential to capitalist relations of production, distribution, and consumption. [...] the capitalist firm is a response to the information, coo…

—p.97 Markets, Contracts, and Firms (77) by Geoff Mann