Capitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation b

Description: Capitalism versus Pragmatic Market Socialism by James A. Yunker Capitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation contains important contributions both to general economic theory and to the evaluation of potential market socialist economic systems. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Capitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation contains important contributions both to general economic theory and to the evaluation of potential market socialist economic systems. As a contribution to economic theory, the general equilibrium model utilized in the research introduces the concept of `capital management effort as a third primary factor of production (in addition to labor and saving) provided by private households. Capital management effort represents such things as corporate supervision, investment analysis, entrepreneurship, and related activity by the household which is intended to increase the rate of return on its capital wealth. As a contribution to the evaluation of market socialism, this research sheds powerful illumination on the potential performance of a specific variant of market socialism known as `pragmatic market socialism. Pragmatic market socialism is a plan of market socialism designed to work `almost exactly like contemporary capitalism. The key differences would be the enforcement of a profit incentive on the publicly owned corporations by an agency designated the Bureau of Public Ownership, and the distribution of the preponderance of capital property return produced by the publicly owned corporations as a social dividend supplement to the households wage and salary income. The analysis reported in this book shows precisely under what conditions pragmatic market socialism would perform better than capitalism, and under what conditions the opposite would be true. The fundamental implication forthcoming from the research is that the potential performance of pragmatic market socialism relative to capitalism is an empirical rather than a theoretical question. Notes Springer Book Archives Author Biography JAMES A. YUNKER is Professor of Economics at Western Illinois University. Author of five books and some 70 articles, Professor Yunker has written on a wide range of topics from economic theory to contemporary policy issues. His latest book, coedited with Errol E. Harris, is Toward Genuine Global Governance: Critical Reactions to "Our Global Neighborhood" (Praeger, 1999). Table of Contents 1. Introduction and Overview.- 2. Pragmatic Market Socialism.- A. The Proposal.- B. Pros and Cons.- 3. A General Equilibrium Model.- A. Theoretical Specification.- B. Numerical Implementation.- 4. Results.- A. Benchmark Solutions.- B. Sensitivity Analysis.- 5. Summary and Conclusion.- Notes.- References. Promotional Springer Book Archives Long Description Capitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation contains important contributions both to general economic theory and to the evaluation of potential market socialist economic systems. As a contribution to economic theory, the general equilibrium model utilized in the research introduces the concept of capital management effort as a third primary factor of production (in addition to labor and saving) provided by private households. Capital management effort represents such things as corporate supervision, investment analysis, entrepreneurship, and related activity by the household which is intended to increase the rate of return on its capital wealth. As a contribution to the evaluation of market socialism, this research sheds powerful illumination on the potential performance of a specific variant of market socialism known as pragmatic market socialism. Pragmatic market socialism is a plan of market socialism designed to work almost exactly like contemporary capitalism. The key differences would be the enforcement of a profit incentive on the publicly owned corporations by an agency designated the Bureau of Public Ownership, and the distribution of the preponderance of capital property return produced by the publicly owned corporations as a social dividend supplement to the households wage and salary income. The analysis reported in this book shows precisely under what conditions pragmatic market socialism would perform better than capitalism, and under what conditions the opposite would be true. The fundamental implication forthcoming from the research is that the potential performance of pragmatic market socialism relative to capitalism is an empirical rather than a theoretical question. Details ISBN940104970X Author James A. Yunker Language English Subtitle A General Equilibrium Evaluation Year 2012 Short Title CAPITALISM VERSUS PRAGMATIC MA Media Book DEWEY 338.9 Edition 93199th ISBN-10 940104970X ISBN-13 9789401049702 Imprint Springer Place of Publication Dordrecht Country of Publication Netherlands Illustrations VIII, 152 p. Pages 152 Publisher Springer Edition Description Softcover reprint of the original 1st ed. 1993 Format Paperback Publication Date 2012-09-27 Alternative 9780792393993 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:96332567;

Price: 217.11 AUD

Location: Melbourne

End Time: 2024-12-06T16:50:16.000Z

Shipping Cost: 9.74 AUD