KARL MARX'S INITIATIVE IN UNDERSTANDING NEW TIME MARKET ECONOMY FOUNDATION AS DEMAND AND SUPPLY DISBALANCE
Koshmilo Oleg Konstantinovich St. Petersburg Trade and Economic Institute
Abstract. The author considers Karl Marx's political-economic initiative on New Time market economy foundation disavowing initially presented by Adam Smith as demand and supply balance. Contrary to this view Marx grounds capitalism with demand and supply disbalance principle that causes basic capitalism crisis pathologies in the form of inflation and unemployment. Such view will be interesting for the specialists in the sphere of economy philosophy and New Time culture philosophy.