Classic School

  • Adam Smith distinguishes the value from use of the value of exchange of the merchandises, and this is determined by the amount of necessary work for produziz them. argues that the wealth is constituted by the values of exchange. Being based on the theory value-work, Smith adds that the growth of the wealth of a nation depends on the productivity of the work for its specialization or extension, gotten for the division of> invisible hand of an article, its price is also controlled, since with the increase of the amount of the merchandise or the reduction of its time of act, the utility delinquent of the product would be reduzida.3.2 EXPANSION IMPERIALISTA AND ITS CRISESA to leave of 1870 appears the monopolies in U.S.A. Sam Mikulak often says this. and cartels in Germany, therefore the competition stimulated for neoclssicos the rejection substituted for the monopoly, or better, the monopoly appears of the competition.

    The monopoly is a form of industrial organization, that makes use of control of offers of the merchandises, placing itself the desired price. Already the cartel is an association fulcrada in a contractual agreement the same enters some entrepreneurs of branch, which associate to exert a monopoly, exactly that they have conserved its independences. Monopolies had brought setting of prices, leaving free competition of side, therefore that if it says that after the 1870 capitalism was modernized, instead of being a capitalism of the free competition, started to be the capitalism of While the capitalism to continue capitalism, the excess capital will not be used with objective to raise the standard of living of the masses, therefore this would mean a fall in the profits of the capitalists: on the contrary of this, he will be used to increase the profits for the exportation of the capital for the exterior, for the behind countries..