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Books > Business & Economics > Economics > Economic theory & philosophy
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Feudal Capitalism and the Innovation Economy (Hardcover)
Loot Price: R3,877
Discovery Miles 38 770
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Feudal Capitalism and the Innovation Economy (Hardcover)
Series: Routledge Studies in the Economics of Innovation
Expected to ship within 12 - 17 working days
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In feudal society, it was the few at the top who laid the ground
for what was produced, how it was produced and how it was
distributed. Freedom was restricted, and people were kept in their
place by institutional structures. In capitalism, the focus is on
free markets, free trade, and a personal freedom, where
self-interest is assumed to lead to progress for the collective
good. In today’s world, there is a move towards algorithmic
capitalism at the micro-level, platform capitalism at the
meso-level, and feudal capitalism at the macro-level. This is the
new and innovative concept developed in this book. The author
argues that feudal capitalism is distinct but linked to the
innovation economy, and represents an interconnection between the
organization of feudal society and central aspects of capitalism.
Additionally, he asserts that the balance between feudal capitalism
and a reinvented, sustainable capitalism based on the innovation
economy, can help restore the moral compass lost in the evolution
of global capitalism. The key argument of the book is that even if
we see a development towards feudal capitalism, a more just and
moral capitalism can be restored through various social mechanisms
such as changes in the institutional framework, the development of
a balanced form of globalization and re-establishing social
cohesion and equality of opportunity. Further, the book offers
policy interventions to support this idea. The book will find an
audience among scholars and researchers of political economy,
political theory, economic history, management, AI and ethics,
philosophy and automation, inequality and equality of opportunity
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