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On Capitalism and Inequality

Progress and Poverty Revisited

Produktform: Buch / Einband - fest (Hardcover)

The evidence is mixed. The main virtue of capitalism is its emphasis on competition as a driver of innovation and, thus, of economic growth. It is true that economic growth has accelerated in recent centuries, and it is true that billions of people have been lifted from poverty. But it is not necessarily true that intense “winner take all” competition in the marketplace is the explanation for growth. Neoclassical economic theory posits that self-interest is the primary motive for all economic decisions, leaving little room for cooperation and even less for altruism. The theory applies to an unrealistic “model” of human behavior, known as  or “economic man”, whose characteristic activity is buying or selling. weiterlesen

Dieser Artikel gehört zu den folgenden Serien

Sprache(n): Englisch

ISBN: 978-3-030-39650-3 / 978-3030396503 / 9783030396503

Verlag: Springer International Publishing

Erscheinungsdatum: 30.05.2020

Seiten: 235

Auflage: 1

Autor(en): Robert U. Ayres

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