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<title>Section C - What are the myths of capitalist economics?
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<h1>Section C - What are the myths of capitalist economics?</h1>
<h2><a href="secCint.html">Introduction</a></h2><p>
<h2><a href="secC1.html">C.1 What is wrong with economics?</a></h2>
<p><ol>
<h3>
<a href="secC1.html#secc11">C.1.1 Is economics really value free?</a><br>
<a href="secC1.html#secc12">C.1.2 Is economics a science?</a><br>
<a href="secC1.html#secc13">C.1.3 Can you have an economics based on individualism?</a><br>
<a href="secC1.html#secc14">C.1.4 What is wrong with equilibrium analysis?</a><br>
<a href="secC1.html#secc15">C.1.5 Does economics really reflect the reality of capitalism?</a><br>
<a href="secC1.html#secc16">C.1.6 Is it possible to have non-equilibrium based capitalist economics?</a>
</h3>
</ol>
<h2><a href="secC2.html">C.2 Why is capitalism exploitative?</a></h2>
<p><ol>
<h3>
<a href="secC2.html#secc21">C.2.1 What is <i>"surplus-value"</i>?<A><br>
<a href="secC2.html#secc22">C.2.2 How does exploitation happen?</a><br>
<a href="secC2.html#secc23">C.2.3 Is owning capital sufficient reason to justify profits?</a><br>
<a href="secC2.html#secc24">C.2.4 Do profits represent the productivity of capital?</a><br>
<a href="secC2.html#secc25">C.2.5 Do profits represent the contribution of capital to production?</a><br>
<a href="secC2.html#secc26">C.2.6 Does the "time value" of money justify interest?</a><br>
<a href="secC2.html#secc27">C.2.7 Are interest and profits not the reward for waiting?</a><br>
<a href="secC2.html#secc28">C.2.8 Are profits the result of innovation and entrepreneurial activity?</a><br>
<a href="secC2.html#secc29">C.2.9 Do profits reflect a reward for risk?</a>
</h3>
</ol>
<h2><a href="secC3.html">C.3 What determines the distribution between profits and wages within companies?</a></h2>
<h2><a href="secC4.html">C.4 Why does the market become dominated by Big Business?</a></h2>
<ol>
<h3>
<a href="secC4.html#secc41">C.4.1 How extensive is Big Business?</a><br>
<a href="secC4.html#secc42">C.4.2 What are the effects of Big Business on society?</a><br>
<a href="secC4.html#secc43">C.4.3 What does the existence of Big Business mean for economic theory and wage labour?</a>
</h3>
</ol>
<h2><a href="secC5.html">C.5 Why does Big Business get a bigger slice of profits?</a></h2>
<ol>
<h3>
<a href="secC5.html#secc51">C.5.1 Aren't the super-profits of Big Business due to its higher efficiency?</a>
</h3>
</ol>
<h2><a href="secC6.html">C.6 Can market dominance by Big Business change?</a></h2>
<h2><a href="secC7.html">C.7 What causes the capitalist business cycle? </a></h2>
<ol>
<h3>
<a href="secC7.html#secc71"> C.7.1 What role does class struggle play in the business cycle?</a><br>
<a href="secC7.html#secc72">C.7.2 What role does the market play in the business cycle?</a><br>
<a href="secC7.html#secc73">C.7.3 What else affects the business cycle?</a><br>
</h3>
</ol>
<h2><a href="secC8.html">C.8 Is state control of money the cause of the business cycle?</a></h2>
<ol>
<h3>
<a href="secC8.html#secc81">C.8.1 Does this mean that Keynesianism works?</a><br>
<a href="secC8.html#secc82">C.8.2 What happened to Keynesianism in the 1970s?</a><br>
<a href="secC8.html#secc83">C.8.3 How did capitalism adjust to the crisis in Keynesianism?</a>
</ol>
</h3>
<h2><a href="secC9.html">C.9 Would laissez-faire policies reduce unemployment, as supporters of "free market" capitalism claim?</a></h2>
<h3>
<ol>
<a href="secC9.html#secc91">C.9.1 Would cutting wages reduce unemployment? </a><br>
<a href="secC9.html#secc92">C.9.2 Is unemployment caused by wages being too high? </a><br>
<a href="secC9.html#secc93">C.9.3 Are "flexible" labour markets the answer to unemployment?</a><br>
<a href="secC9.html#secc94">C.9.4 Is unemployment voluntary?</a>
</h3></ol>
<h2><a href="secC10.html">C.10 Will "free market" capitalism benefit everyone, <I>especially</I> the poor?</a></h2>
<h2><a href="secC11.html">C.11 Doesn't Chile prove that the free market benefits everyone?</a></h2>
<h3>
<ol>
<a href="secC11.html#secc111">C.11.1 But didn't Pinochet's Chile prove that "economic freedom is an indispensable means toward the achievement of political freedom"?</a></h3></ol>
<h2><a HREF="secC12.html">C.12 Doesn't Hong Kong show the potentials of "free market" capitalism?</a></h2>
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