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<HTML>
<HEAD>
<title>Section C - What are the myths of capitalist economics?
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<BODY>
<H1><center>
Section C - What are the myths of capitalist economics?
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</H1>
<p>
<H2><A HREF="secCint.html">Introduction</A></H2><p>

<H2><A HREF="secC1.html">C.1 What determines prices within capitalism? 
</A></H2><p><ol>
<H3> 
<A HREF="secC1.html#secc11">C.1.1 What is wrong with this theory?</A><br>
<A HREF="secC1.html#secc12">C.1.2 So what does determine prices?</A><br>
<A HREF="secC1.html#secc13">C.1.3 What else affects price levels?</A><br>
<p></H3>
</ol>
<H2><A HREF="secC2.html">C.2 Where do profits come from?</A></H2><p><ol>
<H3> 
<A HREF="secC2.html#secc21">C.2.1 Why does this surplus exist?<A><br>
<A HREF="secC2.html#secc22">C.2.2 Are capitalists justified in appropriating a portion of surplus value for themselves (i.e. making a profit)?</A><br>
<A HREF="secC2.html#secc23">C.2.3 Why does innovation occur and how does it affect profits?</A><br>
<A HREF="secC2.html#secc24">C.2.4 Wouldn't workers' control stifle 
innovation?</A><br>
 <A HREF="secC2.html#secc25">C.2.5 Aren't executives workers and so create value?</A><br>
 <A HREF="secC2.html#secc26">C.2.6 Is interest not the reward for waiting, and so isn't capitalism just?</A><br>
<A HREF="secC2.html#secc27">C.2.7 But wouldn't the "time value" of money justify charging interest in a more egalitarian capitalism?</a><br>
<p></H3>
</ol>

<H2><A HREF="secC3.html">C.3 What determines the distribution between profits and wages within companies?</A></h2>
<p>
<h2><A HREF="secC4.html">C.4 Why does the market become dominated by Big Business?</A></h2><p><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><br>
</H3>
</ol>
<p>
<h2><A HREF="secC5.html">C.5 Why does Big Business get a bigger slice of profits?</A></h2>
<p><ol>
<H3> 
<A HREF="secC5.html#secc51">C.5.1 Aren't the super-profits of Big Business due to its higher efficiency?</a><br>
</H3>
</ol>
<p>
<h2><A HREF="secC6.html">C.6 Can market dominance by Big Business change?</A>
</h2>
<p>
<h2><A HREF="secC7.html">C.7 What causes the capitalist business cycle? </A></H2>
<p><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>
<p></H3>
</ol>
<h2><A HREF="secC8.html">C.8 Is state control of money the cause of the business cycle?</A></H2><p><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></H2></ol>
</H3>
<p> 
<h2><A HREF="secC9.html">C.9 Would laissez-faire policies reduce unemployment, as supporters of "free market" capitalism claim?</A><br></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>
<p>
<h2><A HREF="secC10.html">C.10 Will "free market" capitalism benefit everyone, <I>especially</I> the poor?</A></h2>
<p>
<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>
<p>
<H2><a HREF="secC12.html">C.12 Doesn't Hong Kong show the potentials of "free market" capitalism?</a></H2>
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