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Dynamism, Rivalry, and the Surplus Economy - Two Essays on the Nature of Capitalism (Hardcover)
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Dynamism, Rivalry, and the Surplus Economy - Two Essays on the Nature of Capitalism (Hardcover)
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In Dynamism, Rivalry, and the Surplus Economy, Janos 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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