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 ...
