Inequality And Global Supra-surplus Capitalism
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A01=E Ray Canterbery
Author_E Ray Canterbery
Budget Shares
Capitalism
Casino Economy
Casino Effect
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Category=KCZ
Conventional Wisdom
Economic Power
Engel's Law
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Expectations
Fiscal Policy
Great Recession
Income Distribution
Incomes Policy
Inequality
Innovation
John Kenneth Galbraith
Kaleckian Power
Markup
Minimum Wage
Monetary Policy
Production Surpluses
Stagnation
Subsistence
Supra-surpluses
Technological Advance
Trump
Veblenian Demand
Vita Theory
Wealth Distribution
Zero-interest Rate Society
Product details
- ISBN 9789813200821
- Publication Date: 08 Mar 2018
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
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This book is written as a sequel to John Kenneth Galbraith's The Affluent Society, and provides a theoretical framework, for the first time, for surpra-surplus capitalism.Conventional economics has the income and wealth distributions as "givens". This assumption immediately excludes such distributions from economic and social concern. Occasionally, economists such as Kenneth Boulding and even earlier, Michal Kalecki, have attempted to develop alternative perspectives in which such distributions are integral to the story and therefore have implications for public policy. At the same time, conventional microeconomics is a theory of price only in which economic efficiency (in an engineering sense) is the only value to be optimized. The income or wealth distributions are given as constraints. Mathematically, the constraints thereafter become invisible; they have no further role to play. The choices that are presumed to be made are neither inhibited nor facilitated by a household's position in the income or wealth distributions.This volume will explore problems with conventional theory and policy, but its main thrust comprises a theory of supra-surplus capitalism, applicable to both developed and developing countries, and its relation to inequalities worldwide.
