Row 504

Row ID: 504 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 504 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

The farmers were bound by contracts with the landlords. Typically they had to pay a fixed amount for seven years regardless of their profits. That was essentially a feudal relationship - not for a capitalist profit but a direct share. Therefore there was no place for a capitalist crisis there. Furthermore two assisting factors. Firstly, the farmers were less dependent on market consumption than the urban workers, they could consume more out of their direct production. Secondly, the unemployment in the cities forced them to stay in the rural economy.

The cause of major capitalist crises the fall of the rate of profit resulted in the decrease of the industrial output that multiplied to the entire non rural economy causing a drop by one third.

The crucial point is that this increased the non rural value relatively to agriculture. As explained in the beginning as opposed to the industrial capitalists the farmers had to keep paying the rent. Precisely those factors forced a deflation of agricultural output by 33% in real terms. Here we find the deterioration of agricultural terms of trade.

A general deflation could not solve the problem because it would merely restore the lack of demand at a lower level of prices. Also, in the industrial and service sectors there was nothing to force the supply to increase. Anyway since the level of investments dropped six times the real wages would have to fall six Times what is impossible.

Others have tried but only I found the answer.

All rights reserved.

FieldValue
text The farmers were bound by contracts with the landlords. Typically they had to pay a fixed amount for seven years regardless of their profits. That was essentially a feudal relationship - not for a capitalist profit but a direct share. Therefore there was no place for a capitalist crisis there. Furthermore two assisting factors. Firstly, the farmers were less dependent on market consumption than the urban workers, they could consume more out of their direct production. Secondly, the unempl…
label r/econpapers
dataType post
communityName r/EconPapers
datetime 2020-11-01
username_encoded Z0FBQUFBQm5Lakx6NU9oWXQ5aWZFTnQzMjgxbmd4eURScWdDSjRmY2RNNm9mY19VYW5abEpqSXluclQwUFJBRHRqMjRhM18waWNoRnlsU3BkWG43WTZwYWtfTTNKVi1VVWc9PQ==
url_encoded Z0FBQUFBQm5Lak9EQWlVa2dObVFEV3d1bF9ELS1UT0F5amN6MTl1U0ZDY3BYOGVKakhjU1VzbU8wSUJnZkVDR3o5TXB0V2w0cUM0LUNnaURBQVJPZmRIRUlqYlZVc0V0UjB6cXkyS3NsdG1aRlB4MERjQVFWNnAzR0t2WGhTd1ZxQU1WRjdrQ0k2anJGWUtSZ0VoalJhNjc3SThNdndHMXhteGJKZVlvM0RhN3JJQkhBS0hkdnZ0SmhyRjJDLXZ3d3NHdW5rRFppdm50QjB0aHdvUFRHOHMzQWdoN01KV3RRUT09

Raw Record

{
  "text": " \n\nThe  farmers were bound by contracts with the landlords. Typically they had  to pay a fixed amount for seven years regardless of their profits. That  was essentially a feudal relationship - not for a capitalist profit but a  direct share. Therefore there was no place for a capitalist crisis  there. Furthermore two assisting factors. Firstly, the farmers were less  dependent on market consumption than the urban workers, they could  consume more out of their direct production. Secondly, the unemployment  in the cities forced them to stay in the rural economy.\n\nThe  cause of major capitalist crises the fall of the rate of profit  resulted in the decrease of the industrial output that multiplied to the  entire non rural economy causing a drop by one third.\n\nThe  crucial point is that this increased the non rural value relatively to  agriculture. As explained in the beginning as opposed to the industrial  capitalists the farmers had to keep paying the rent. Precisely those  factors forced a deflation of agricultural output by 33% in real terms.  Here we find the deterioration of agricultural terms of trade.\n\nA  general deflation could not solve the problem because it would merely  restore the lack of demand at a lower level of prices. Also, in the  industrial and service sectors there was nothing to force the supply to  increase. Anyway since the level of investments dropped six times the  real wages would have to fall six Times what is impossible.\n\nOthers have tried but only I found the answer.\n\nAll rights reserved.",
  "label": "r/econpapers",
  "dataType": "post",
  "communityName": "r/EconPapers",
  "datetime": "2020-11-01",
  "username_encoded": "Z0FBQUFBQm5Lakx6NU9oWXQ5aWZFTnQzMjgxbmd4eURScWdDSjRmY2RNNm9mY19VYW5abEpqSXluclQwUFJBRHRqMjRhM18waWNoRnlsU3BkWG43WTZwYWtfTTNKVi1VVWc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9EQWlVa2dObVFEV3d1bF9ELS1UT0F5amN6MTl1U0ZDY3BYOGVKakhjU1VzbU8wSUJnZkVDR3o5TXB0V2w0cUM0LUNnaURBQVJPZmRIRUlqYlZVc0V0UjB6cXkyS3NsdG1aRlB4MERjQVFWNnAzR0t2WGhTd1ZxQU1WRjdrQ0k2anJGWUtSZ0VoalJhNjc3SThNdndHMXhteGJKZVlvM0RhN3JJQkhBS0hkdnZ0SmhyRjJDLXZ3d3NHdW5rRFppdm50QjB0aHdvUFRHOHMzQWdoN01KV3RRUT09"
}
Explore Dataset Explore Row

Entry Information