In the years following the financial crash, two issues have become central to the debate in economics: inequality and the uneven nature of (sustainable) development. People want to know why inequality has been increasing so much in the last three decades, why most advanced economies are stagnating or are experiencing moderate economic growth, and why, even where economic growth is occurring, the quality of that growth is questioned. And in advanced economies in particular, the most pressing items on the policy agenda of governments and international organizations are economic development,...
In the years following the financial crash, two issues have become central to the debate in economics: inequality and the uneven nature of (sustain...
In K. William Kapp's most important work, Social Costs and Social Benefits, he argued that social controls are necessary to both reduce the social costs and increase the social benefits of the economy - aspects which are neglected under a system of free enterprise. Merging arguments from Thorstein Veblen, Karl Marx and Max Weber, Kapp develops a genuinely heterodox theory that analyzes social costs as large-scale damages that are caused by markets and require systemic solutions.
The core of this book are the chapters on the social costs of markets and neoclassical...
In K. William Kapp's most important work, Social Costs and Social Benefits, he argued that social controls are necessary to both reduce the ...
The theory of the firm has been fertile ground for economists. Bylund proposes a new theory, rooted in Austrian economics, which examines the firm as a part of the market, and not as a free-standing entity. In this integrated view, a theory is offered which incorporates entrepreneurship, production, market process and economic development.
The theory of the firm has been fertile ground for economists. Bylund proposes a new theory, rooted in Austrian economics, which examines the firm as ...
