Social Costs and Public Action in Modern Capitalism
Essays Inspired by Karl William Kapp's Theory of Social Costs
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Social Costs and Public Action in Modern Capitalism by Wolfram Elsner
Book DescriptionThe Social Costs approach to the globalised capitalist market economy has gained new relevance in recent years. The present situation is one of widespread and increasing deterioration of the social, cultural, democratic, and environmental frameworks of advanced capitalist market societies. This deterioration is indicated by the threats of unemployment, precarious working conditions and increasing income/status inequality, uneven geographical developments, and the exploitation and undermining of the institutional fabric of the society. It is aggravated by the rapid extension - at local, national, regional and global scales - of ecological disruption. So the global capitalist market economy is characterised by a great deal of instability and so-called true uncertainty, which largely undermine its coordinating and welfare-enhancing capacity. The view suggested by Karl William Kapp's seminal evolutionary open-systems approach is that these processes and problems are the outcome of a widening gap between private individualist economic, and societal values or, to use Karl Polanyi's terms, of the ever increasing disembeddedness of the economy from society and of the subjugation of society to the economy. The key actor in this process is business or, more specifically, it is the increasingly dominant, globalised, deregulated and disembedded hierarchical and power system of business enterprise. Current analyses of the global capitalist market economy are overdue to be undertaken making use of the powerful analytic frame of Karl William Kapp's open systems economics. 'Social Costs and Public Action in Modern Capitalism' examines this approach from a theoretical, conceptual, empirical, policy and case study level.
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Book DetailsISBN: 9780415413510
(234mm x 156mm x 19mm)
Publisher: Taylor & Francis Ltd
Publish Date: 19-Oct-2006
Country of Publication: United Kingdom
Books By Author Wolfram Elsner
Social Costs and Public Action in Modern Capitalism, Paperback (March 2013)
Current analyses of the global capitalist market economy are overdue to be undertaken making use of the powerful analytic frame of Karl William Kapp's open systems economics. 'Social Costs and Public Action in Modern Capitalism' examines this approach from the theoretical, conceptual, empirical, policy and case study levels.
Evaluating Economic Research in a Contested Discipline, Hardback (March 2011)» View all books by Wolfram Elsner
This book challenges the view that using SSCI journal citations (especially its impact factor score) and peer review/evaluation are the best ways (in that they are the most objective ways) to evaluate economic research.
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Author Biography - Wolfram Elsner
Universitat Bremen, Germany University of Trento, Italy University of Macerata, Italy
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