Before the inception of the pre-Socratic schools of Greek philosophy, the first rude and popular conception of causes was mixed up with much that was extravagant and, in the proper sense of the word, superstitious. The powers of nature were personified, and thought of as intelligent and willfu...
C.8 Is state control of money the cause of the business cycle? As explained in the last section, capitalism will suffer from a boom-and-bust cycle due to objective pressures on profit production even if we ignore the subjective revolt against authority by working class people. It is this ...