European University Institute Library

Dynamism, rivalry, and the surplus economy, two essays on the nature of capitalism, János Kornai

Label
Dynamism, rivalry, and the surplus economy, two essays on the nature of capitalism, János Kornai
Language
eng
Bibliography note
Includes bibliographical references (169-179) and index
Index
index present
Literary Form
non fiction
Main title
Dynamism, rivalry, and the surplus economy
Nature of contents
bibliography
Oclc number
841198150
Responsibility statement
János Kornai
Sub title
two essays on the nature of capitalism
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.--, Provided by publisher
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