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2020•Odrzivi razvojOpen access

Sustainability of the economic model of contemporary economy

Milan D. Mihajlović, Srboljub Nikolić, Svetlana Tasić

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Abstract

Contemporary capitalism, with all of its contradictions and variability of existence, dominates the present. Even though it retained its basic characteristics of classical capitalism, its peculiarity is present in socially-productive relations that are in mutual contradiction. Modern capitalism is still capitalism. The aim of this paper is to research the relationship between contemporary capitalism and sustainable economy and to give an answer what is necessary for those two to be connected.

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What this paper is about

Contemporary capitalism, with all of its contradictions and variability of existence, dominates the present. Even though it retained its basic characteristics of classical capitalism, its peculiarity is present in socially-productive relations that are in mutual contradiction. Modern capitalism is still capitalism. The aim of this paper is to research the relationship between contemporary capitalism and sustainable economy and to give an answer what is necessary for those two to be connected.

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Available abstract

Contemporary capitalism, with all of its contradictions and variability of existence, dominates the present. Even though it retained its basic characteristics of classical capitalism, its peculiarity is present in socially-productive relations that are in mutual contradiction. Modern capitalism is still capitalism. The aim of this paper is to research the relationship between contemporary capitalism and sustainable economy and to give an answer what is necessary for those two to be connected.

Key concepts: Capitalism, Contradiction, Sustainability, Economic system, Capitalist economy, Economics, Neoclassical economics, Political science

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