| Description |
1 online resource |
| Series |
Routledge advances in heterodox economics |
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Routledge advances in heterodox economics.
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| Contents |
Cover; Title Page; Copyright Page; Dedication; Table of Contents; Preface; 1 Introduction; 2 The planned economy and international trade; The problem of economic calculation; The critique of the economic calculus based on market prices; 3 Social costs and social returns-a critical analysis of the social performance of the unplanned market economy; Project outline; Preface 1; Preface 2; Preface addendum; Chapter 1: The inadequacy of modern economic analysis; 4 Social costs of free enterprise; 5 Social returns-a critical analysis of the social performance of the unplanned market economy |
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Table of ContentCollective needs and social returns; The importance of social returns in the formulation of international policies; Transportation and social returns; Social returns and multiple-purpose projects; 6 Towards a new science of political economy; Conclusions and implications; The social inefficiency of the unplanned market economy; The normative-apologetic character of orthodox and neoclassical equilibrium economics; 7 Social costs and social benefits-a contribution to normative economics; Problems of definition and classification |
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The objective character of social costs and social benefitsQuantification and evaluation; Social costs and social benefits: their implications for public policy and economic development; 8 Discussion between Professor Shibata and Professor Kapp by The Economist; 9 Towards a normative approach to developmental and environmental planning and decision-making; 10 Should the development process itself be seen as representing a kind of economic system in newly developing economies today?; 11 Environmental control and the market mechanism; Effluent charges, taxes, and penalties |
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Liability laws and property rights12 Energy and environment: inadequacy of present science and technology policies; Reactive planning vs. normative planning; Depletion by Pentagon research; The limitations of the present research system; Toward a more adequate organization of science and technology; 13 The future of economics; Index |
| Summary |
In K. William Kapp's most important work, Social Costs and Social Benefits, he argued that social controls are necessary to both reduce the social costs and increase the social benefits of the economy - aspects which are neglected under a system of free enterprise. Merging arguments from Thorstein Veblen, Karl Marx and Max Weber, Kapp develops a genuinely heterodox theory that analyzes social costs as large-scale damages that are caused by markets and require systemic solutions. The core of this book are the chapters on the social costs of markets and neoclassical economics, the social benefit |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (EBSCO, viewed August 4, 2015) |
| Subject |
Externalities (Economics)
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Economic development -- Social aspects.
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Economic development -- Environmental aspects.
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Welfare economics.
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BUSINESS & ECONOMICS -- Economics -- General.
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BUSINESS & ECONOMICS -- Reference.
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Economic development -- Environmental aspects
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Economic development -- Social aspects
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Externalities (Economics)
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Welfare economics
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| Form |
Electronic book
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| Author |
Berger, Sebastian, editor.
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| ISBN |
9781317682370 |
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1317682378 |
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9781315773759 |
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1315773759 |
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1138775479 |
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9781138775473 |
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9781317682356 |
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1317682351 |
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9781317682363 |
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131768236X |
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9781138299351 |
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1138299359 |
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