Capitalism: Competition, Conflict, Crisis

Professor Anwar Shaikh discusses his book, which challenges traditional economic models by focusing on empirical data and real-world behavior. He critiques the idealized models of economics and emphasizes the role of profitability in capitalism. Shaikh explores the theory of the firm, historical shifts in economic thought, and the challenges of heterodox economics. He advocates for a balanced approach between empirical evidence and theoretical foundations, aiming to create an alternate curriculum that includes diverse perspectives.

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