Crisis of Capitalism: Compendium of Applied Economics by Luciano Vasapollo

By Luciano Vasapollo

This publication is a compendium of a complete treatise of utilized economics released in Italian via Jaca Books in 2007. It incorporates a variety of alterations and updates, and a brand new part at the contradictory relation of capital to nature, intrinsic to the basic clash among capital and labour. The context for the research supplied of the dynamics of the capitalist improvement of the forces of construction is the worldwide financial system, or capitalism as an international procedure.

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6 The capitalist production process is composed by the union of two processes: the immediate production process and the circulation process. 7 The finality of the IPP is the transformation of the existent use values in new use values, different from the previous, and the conservation of the old use values, so that they can continue to carry on their function. Anyway it does not bring out only use values, but also exchange values. 634). Inside this process we see the immediate contraposition of the social classes of the wage-earners and the capitalists.

Adding such mean to the cost prices sustained by the same productive ambits we have the “classical” definition of production price.

The growth of institutions specifically structured to enhance the knowledge (universities and research centres) is already an integral part of industrial relations and transforms their thought workers into salaried workers submitted directly to capitalism, obligated to guide their mind and consciousness to a knowledge production capable of 20 introduction rapid commercialization or, if they are part of public institutions, submitted to a series of pressures and constraints (financial, political, media, career) so that the knowledge production process fits the needs of capital accumulation.

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