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

Book Details

Format Hardback or Cased Book
ISBN-10 0199334765
ISBN-13 9780199334766
Publisher Oxford University Press Inc
Imprint Oxford University Press Inc
Country of Manufacture GB
Country of Publication GB
Publication Date Dec 12th, 2013
Print length 208 Pages
Weight 444 grams
Dimensions 24.20 x 16.40 x 1.90 cms
Ksh 10,150.00
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In this book, János Kornai examines capitalism as an economic system and in comparison to socialism. 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.
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.

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