Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism

Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism

by Janos Kornai
     
 

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In Dynamism, Rivalry, and the Surplus Economy, János Kornai examines capitalism as an economic system and in comparison to socialism. Kornai explains his view of capitalism as an economy of surplus—a chronic excess of supply of goods and labor. This environment breeds rivalry among producers, which in turn encourages innovation. Socialism, on the other

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Overview

In Dynamism, Rivalry, and the Surplus Economy, János Kornai examines capitalism as an economic system and in comparison to socialism. Kornai explains his view of capitalism as an economy of surplus—a chronic excess of supply of goods and labor. This environment breeds rivalry among producers, which in turn encourages innovation. Socialism, on the other hand, is defined by a shortage of goods and labor and excess of demand. Whereas socialism is slothful and imitative, capitalism is dynamic and progressive. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.

Editorial Reviews

From the Publisher
"Dynamism, Rivalry and the Surplus Economy" gives an inspiring contribution to a research program somewhat left behind by the profession of economists. [It] will encourage a renewed and welcome plurality in the approach of the nature of the capitalist system."

— Bernard Chavance, The Journal of Comparative Economic Studies

Product Details

ISBN-13:
9780199334766
Publisher:
Oxford University Press, USA
Publication date:
12/05/2013
Pages:
208
Product dimensions:
6.10(w) x 9.30(h) x 0.90(d)

Related Subjects

Meet the Author

Professor of Economics Emeritus, Harvard University and Corvinus University of Budapest. More information can be found at www.kornai-janos.hu http://www.kornai-janos.hu.

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