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

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Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism - Kornai, János
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In Dynamism, Rivalry, and the Surplus Economy , J???nos 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 ...

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Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism 2013, Oxford University Press, USA

ISBN-13: 9780199334766

Hardcover