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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| Format: | eBook |
| Language: | English |
| Published: |
New York :
Oxford University Press,
2014.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| 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. |
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| Physical Description: | 1 online resource : illustrations (black and white) |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780199369416 0199369410 |