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Consistency and Viability of Capitalist Economic Systems (Hardcover)
Loot Price: R3,379
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Consistency and Viability of Capitalist Economic Systems (Hardcover)
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The ultimate survival of an economic system depends on whether or
not the interrelationships between its institutions and its members
are consistent with each other. Consistency and Viability of
Capitalist Economic Systems develops an original analytical
framework to understand the relationship between the economic,
political, and ideological structures, the external environment,
and the process of reform that give rise to certain economic
systems by establishing consistency. Consistency, however, is not
enough; a consistent economic system must be flexible and have the
internal mechanisms to be able to adapt to changes in social
reality, thus making possible its survival over time. In other
words, the economic system is viable when it is able to encourage
increases in labor productivity and there is popular support. Thus
the economic system, in its broad social science context, must be
both consistent and viable. Economic systems examined in this text
are the capitalist economics systems of Great Britain, Japan,
European Union and Sweden.
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