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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/827

Title: Ecology versus market capitalism: a threat for the 21st century?
Authors: Nunes, Ana Bela
Valério, Nuno
Keywords: economic systems
market failures
anti-capitalist ideologies
ecology
Issue Date: 2005
Publisher: ISEG - GHES
Citation: Nunes, Ana Bela, Nuno Valério. 2005. "Ecology versus market capitalism: a threat for the 21st century?". Instituto Superior de Economia e Gestão – GHES Documento de Trabalho/Working Paper nº 24-2005
Series/Report no.: Documento de Trabalho/Working Paper;24
Abstract: Market capitalism has been the economic system of the contemporary world economy since the early stages of its formation. However, at the same time, market capitalism has been subject to a number of threats. Some of these threats arise from market failures. Others arise from the development of anti-capitalist ideologies. During the 20th century, market failures were most conspicuous during war periods and anti-capitalist ideologies mainly took the form of socialist doctrines. At the beginning of the 21st century, a global war seems unlikely, but terrorism presents a threat that may have a number of similar consequences; likewise, socialism (at least in its radical forms) seems obsolete, but anti-globalist movements seem to replace it in a similar role. However, we argue that the main problem that may threaten the role of market capitalism as a global economic system and force it to undergo radical adaptations is the need to preserve natural equilibria.
URI: http://hdl.handle.net/10400.5/827
Appears in Collections:DCS - Documentos de trabalho / Working Papers
GHES - Documentos de Trabalho / GHES - Working papers

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