Capital essays

Karl Marx adds a distinction that is often confused with David Ricardo's . In Marxian theory, variable capital refers to a capitalist's investment in labor-power, seen as the only source of surplus-value . It is called "variable" since the amount of value it can produce varies from the amount it consumes, . , it creates new value. On the other hand, constant capital refers to investment in non-human factors of production, such as plant and machinery, which Marx takes to contribute only its own replacement value to the commodities it is used to produce.

A central trade-off here is between financial innovation and financial stability. A light approach to regulation will maximise the scope for financial innovation (the development of new financial products), while also increasing the likelihood of financial crises and crashes. Strong regulation will reduce the incidence and costs of crises, but raise the cost of finance while excluding many from its benefits. There is no global answer, no universal formula to apply to these questions. Different communities will find a range of answers to the optimal innovation-stability trade-off. A global solution might have the virtue of reducing transaction costs in finance, but it would incur significant other costs from being out of sync with local realities and preferences. At the moment, financial regulation faces this very conundrum: banks are pushing for common global rules, and domestic legislatures and policymakers are resisting.

Cyber Essays is your one-stop source for free, high-quality term papers, essays, and reports on all sorts fo subjects. Please use either the paper categories or our database search to quickly and easily find the paper you need. Also, check out our forums where you can talk to people about whatever is on your mind as well as share term papers with one another. Cyber Essays is a completely free service that relies on students to submit their own papers in order to keep this site expanding, so please consider submitting your good papers to us as you enjoy this site. Use our free essays for ideas for your paper.

In The Forms of Capital [44] Pierre Bourdieu distinguishes between three forms of capital: economic capital , cultural capital and social capital. He defines social capital as "the aggregate of the actual or potential resources which are linked to possession of a durable network of more or less institutionalized relationships of mutual acquaintance and recognition." [45] His treatment of the concept is instrumental, focusing on the advantages to possessors of social capital and the "deliberate construction of sociability for the purpose of creating this resource." [26] Quite contrary to Putnam's positive view of social capital, Bourdieu employs the concept to demonstrate a mechanism for the generational reproduction of inequality. Bourdieu thus points out that the wealthy and powerful use their "old boys network" or other social capital to maintain advantages for themselves, their social class, and their children.

Capital essays

capital essays

In The Forms of Capital [44] Pierre Bourdieu distinguishes between three forms of capital: economic capital , cultural capital and social capital. He defines social capital as "the aggregate of the actual or potential resources which are linked to possession of a durable network of more or less institutionalized relationships of mutual acquaintance and recognition." [45] His treatment of the concept is instrumental, focusing on the advantages to possessors of social capital and the "deliberate construction of sociability for the purpose of creating this resource." [26] Quite contrary to Putnam's positive view of social capital, Bourdieu employs the concept to demonstrate a mechanism for the generational reproduction of inequality. Bourdieu thus points out that the wealthy and powerful use their "old boys network" or other social capital to maintain advantages for themselves, their social class, and their children.

Media:

capital essayscapital essayscapital essayscapital essays