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The Stock Market Valuation Of Research And Development Expenditures

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Commercial existence shows that there exists extensive ―dependence and solidarity‖ to varying degrees between all speculative business. It must be remembered that speculation dominates the entire economic system since it underlies and drives work, lending and trade. Every rise or fall of asset values consequently affects the entire economic system (stock market, banks, companies, society) since all economic transactions are interconnected. For Proudhon, the economic social system attains its peak of perfection when labour, capital, trade and speculation are shared fairly between all citizens; on the contrary, it is sub-optimal when these activities are appropriated by particular classes that then.

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