Overview

Within capitalism, a sterile economy emerges, which takes away investment from the productive economy, resulting in deficient employment generating spending and underemployment. States react with prosthetics, i.e., artificial transfers to the productive economy. These in turn are financed by external violence, protectionism, taxation, public and private indebtedness and - increasingly - by money creation. What happens when these methods will be exhausted? Gerhard H. Wächter examines major theoretical and historical lines of the subject using Quesnay, Sismondi, Malthus, Marx, Keynes and others.

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9783837672787

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Gerhard H. Wächter, born in 1955, is a business lawyer in Berlin, specializing in M&A and M&A-Litigation, and a law professor at Leipzig University. He did his doctorate on the theory and history of criminal law with Klaus Lüderssen at Frankfurt's Goethe University, and studied with Niklas Luhmann at Bielefeld University and Stanley Diamond at the New School for Social Research in New York, before he worked with an international law firm, the German Treuhandanstalt and ultimately founded his own law firm in 1992.

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