Oditor, No. 10/2015
RECESSION AND ITS REVIEW IN CONDITIONS OF CONTEMPORARY CAPITALISM
dr Nebojša Praća
The world is changing, the frequent crises and numerous challenges. International relationships become complicated. Economic problems in the world have led to the difficult economic situation. Economics is defined as the science of the laws that govern the production, or the laws of functioning of the economy and certain social structures. You could say that depression is immanent capitalist mode of production since its inception.
The development of the theory of the scientific revolution followed, and order in society are considered part of the natural world. Once a religious interpretation of social relationships (fair price), is no longer with the emergence of capitalism satisfy the demands of commercial life. The idea of natural law which was later nadvaladala other principles, which soon turned into a commitment to the principle of utility which resulted in the division of society. With the advent of the industrial revolution came industrial capitalism.
So, the first theorists wondered origin of wealth. There are, however, and profits, as well as the issue price. Given that the prices may change unpredictably, there had to be some principle values on which they depend. What is the role of money in the economy? What is the relationship between an individual’s income and wealth of society as a whole? Then, is it fair that some families live in extreme luxury, while others barely survive? This is a complex question to which theory has not yet given a satisfactory answer. Also, the question of effective demand, ie. whether demand will be large enough to fully employ all available resources?
The wealth of nations is increasing the knowledge, experience, technology, and all this growing wealth. New production is also the matter of sales. Demand is almost never large enough to allow everyone to be fully employed? Whether based on the model of neoliberal policies can master the economic crisis, as well as whether pribliţivamo more stable global economic order or move away from it?
From the 70th years of XX century in the world occur significant economic and political as well as technological changes, followed by the financial and economic crises have become more frequent. The economic crisis of capitalism is not past, because according to some “problems of depression economics have not disappeared from the modern world.”
The subject of this paper is an attempt to determine how to come up with a crisis of capitalist market economy, how to mitigate the economic and social consequences caused by the crisis, to manage the crisis and the possibility of overcoming them in the context of world events and their impact on the development of national economy and society in whole.
Key words: economy, capital, crisis, depression, migration, security, sustainable development.
Nebojša Praća Ph.D., Ministry of Internal Affaires, Bulevar Mihajla Pupina no. 2, Novi Beograd, Serbia.