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Dynamism, rivalry, and the surplus economy two essays on the nature of capitalism

Kornai examines capitalism as an economic system and in comparison to socialism. He offers a view of capitalism as an economy of surplus - a chronic excess of supply of goods and labour. This environment breeds rivalry among producers, which in turn encourages innovation. Socialism, on the other han...

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Bibliographic Details
Main Author: Kornai, Jâanos
Format: eBook
Language:English
Published: New York Oxford University Press 2014, 2014
Subjects:
Capitalism
Socialism
Surplus (economics)
Online Access:
Collection: Oxford University Press - Collection details see MPG.ReNa
Description
Summary:Kornai examines capitalism as an economic system and in comparison to socialism. He offers a view of capitalism as an economy of surplus - a chronic excess of supply of goods and labour. This environment breeds rivalry among producers, which in turn encourages innovation. Socialism, on the other hand, is defined by a shortage of goods and labour and excess of demand. Whereas socialism is slothful and imitative, capitalism is dynamic and progressive. The two chapters of this book explore these differing ideologies
Physical Description:1 online resource illustrations (black and white)
ISBN:9780199369416

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