Economic growth, capitalism and unknown economic paradoxes

Stasys Girdzijauskas, Dalia Streimikiene, Andzela Mialik

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The paper deals with failures of capitalism or free market and presents the results of economic analysis by applying a logistic capital growth model. The application of a logistic growth model for analysis of economic bubbles reveals the fundamental causes of bubble formation-economic paradoxes related with phenomena of saturated markets: the paradox of growing returnability and the paradoxes of debt and leverage trap. These paradoxes occur exclusively in the saturated markets and cause the majority of economic problems of recent days including overproduction, economic bubbles and cyclic economic development. Unfortunately, these paradoxes have not been taken into account when dealing with the current failures of capitalism. The aim of the paper is to apply logistic capital growth models for the analysis of economic paradoxes having direct impact on the capitalism failures such as economic bubbles, economic crisis and unstable economic growth. The analysis of economic paradoxes and their implication son failures of capitalism provided in the paper presents the new approach in developing policies aimed at increasing economic growth stability and overcoming failures of capitalism.

Original languageEnglish
Pages (from-to)2818-2837
Number of pages20
JournalSustainability
Volume4
Issue number11
DOIs
Publication statusPublished - 2012
Externally publishedYes

Fingerprint

capitalism
economic growth
capitalist society
Economics
economics
bubble
logistics
Logistics
market
overproduction
cause
economic analysis
debt
Bubble formation
economic crisis
indebtedness
Economic analysis
economic development
Bubbles (in fluids)
analysis

Keywords

  • Debt trap
  • Economic paradoxes
  • Failures of capitalism
  • Growing returnability
  • Market saturation

ASJC Scopus subject areas

  • Management, Monitoring, Policy and Law
  • Renewable Energy, Sustainability and the Environment
  • Geography, Planning and Development

Cite this

Economic growth, capitalism and unknown economic paradoxes. / Girdzijauskas, Stasys; Streimikiene, Dalia; Mialik, Andzela.

In: Sustainability, Vol. 4, No. 11, 2012, p. 2818-2837.

Research output: Contribution to journalArticle

Girdzijauskas, Stasys ; Streimikiene, Dalia ; Mialik, Andzela. / Economic growth, capitalism and unknown economic paradoxes. In: Sustainability. 2012 ; Vol. 4, No. 11. pp. 2818-2837.
@article{ff564ba0652e4c4e9fd5e2404a272f6b,
title = "Economic growth, capitalism and unknown economic paradoxes",
abstract = "The paper deals with failures of capitalism or free market and presents the results of economic analysis by applying a logistic capital growth model. The application of a logistic growth model for analysis of economic bubbles reveals the fundamental causes of bubble formation-economic paradoxes related with phenomena of saturated markets: the paradox of growing returnability and the paradoxes of debt and leverage trap. These paradoxes occur exclusively in the saturated markets and cause the majority of economic problems of recent days including overproduction, economic bubbles and cyclic economic development. Unfortunately, these paradoxes have not been taken into account when dealing with the current failures of capitalism. The aim of the paper is to apply logistic capital growth models for the analysis of economic paradoxes having direct impact on the capitalism failures such as economic bubbles, economic crisis and unstable economic growth. The analysis of economic paradoxes and their implication son failures of capitalism provided in the paper presents the new approach in developing policies aimed at increasing economic growth stability and overcoming failures of capitalism.",
keywords = "Debt trap, Economic paradoxes, Failures of capitalism, Growing returnability, Market saturation",
author = "Stasys Girdzijauskas and Dalia Streimikiene and Andzela Mialik",
year = "2012",
doi = "10.3390/su4112818",
language = "English",
volume = "4",
pages = "2818--2837",
journal = "Sustainability",
issn = "2071-1050",
publisher = "MDPI AG",
number = "11",

}

TY - JOUR

T1 - Economic growth, capitalism and unknown economic paradoxes

AU - Girdzijauskas, Stasys

AU - Streimikiene, Dalia

AU - Mialik, Andzela

PY - 2012

Y1 - 2012

N2 - The paper deals with failures of capitalism or free market and presents the results of economic analysis by applying a logistic capital growth model. The application of a logistic growth model for analysis of economic bubbles reveals the fundamental causes of bubble formation-economic paradoxes related with phenomena of saturated markets: the paradox of growing returnability and the paradoxes of debt and leverage trap. These paradoxes occur exclusively in the saturated markets and cause the majority of economic problems of recent days including overproduction, economic bubbles and cyclic economic development. Unfortunately, these paradoxes have not been taken into account when dealing with the current failures of capitalism. The aim of the paper is to apply logistic capital growth models for the analysis of economic paradoxes having direct impact on the capitalism failures such as economic bubbles, economic crisis and unstable economic growth. The analysis of economic paradoxes and their implication son failures of capitalism provided in the paper presents the new approach in developing policies aimed at increasing economic growth stability and overcoming failures of capitalism.

AB - The paper deals with failures of capitalism or free market and presents the results of economic analysis by applying a logistic capital growth model. The application of a logistic growth model for analysis of economic bubbles reveals the fundamental causes of bubble formation-economic paradoxes related with phenomena of saturated markets: the paradox of growing returnability and the paradoxes of debt and leverage trap. These paradoxes occur exclusively in the saturated markets and cause the majority of economic problems of recent days including overproduction, economic bubbles and cyclic economic development. Unfortunately, these paradoxes have not been taken into account when dealing with the current failures of capitalism. The aim of the paper is to apply logistic capital growth models for the analysis of economic paradoxes having direct impact on the capitalism failures such as economic bubbles, economic crisis and unstable economic growth. The analysis of economic paradoxes and their implication son failures of capitalism provided in the paper presents the new approach in developing policies aimed at increasing economic growth stability and overcoming failures of capitalism.

KW - Debt trap

KW - Economic paradoxes

KW - Failures of capitalism

KW - Growing returnability

KW - Market saturation

UR - http://www.scopus.com/inward/record.url?scp=84872388436&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84872388436&partnerID=8YFLogxK

U2 - 10.3390/su4112818

DO - 10.3390/su4112818

M3 - Article

VL - 4

SP - 2818

EP - 2837

JO - Sustainability

JF - Sustainability

SN - 2071-1050

IS - 11

ER -