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UDC 321.6
THE CONCEPTION OF “BORROWING RATE” IN K. MARX’S “CAPITAL”
Lesevitskiy Aleksey Vladimirivich1, Khorosheva Ekaterina Igorevna2
1The Perm branch of Financial University, Lecturer of the Humanities and Social sciences Department
2The Perm branch of Financial University, Lecturer of the General and Educational sciences Department
1The Perm branch of Financial University, Lecturer of the Humanities and Social sciences Department
2The Perm branch of Financial University, Lecturer of the General and Educational sciences Department
Abstract
The essence of the conception of “borrowing rate” in K. Marx’s “Capital” is revealed in the article. In our opinion, the German thinker paid close attention to this matter. K. Marx carried out a detailed analysis of the banking sector activity on the example of the economy of the 19th century England, bringing out the negative aspects of the functioning of this financial institute, revealing the very essence of “the fractional-reserve banking”.
Keywords: bancocracy, borrowing rate (credit), exploitation, fractional-reserve banking, globalization progress, usury
Article reference:
Lesevitskiy A.V., Khorosheva E.I. The conception of “borrowing rate” in K. Marx’s “Capital” // Politics, State and Law. 2015. № 6 [Electronic journal]. URL: https://politika.snauka.ru/en/2015/06/2918
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