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Residual: A Sub-distributive System For The Market Economy (Hardcover) Loot Price: R1,393
Discovery Miles 13 930
You Save: R88 (6%)
Residual: A Sub-distributive System For The Market Economy (Hardcover): Raymond W.Y. Kao, Rowland R. Kao

Residual: A Sub-distributive System For The Market Economy (Hardcover)

Raymond W.Y. Kao, Rowland R. Kao

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List price R1,481 Loot Price R1,393 Discovery Miles 13 930 | Repayment Terms: R129 pm x 12* You Save R88 (6%)

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To be released on 31 May 2020. We are not yet accepting orders for this product. If you add this item to your wish list we will let you know when it becomes available.

Capitalism has resulted in stupendous growth and prosperity in the Western world, underlining its importance as an engine for creation and innovation. Communism arose to counter capitalism's ills as a method of wealth distribution, as manifested through the increasing gap between the rich and poor even in the most prosperous nations. Yet no country is either truly capitalist or communist, and the simplistic polarization of the world into two camps ignores the vital importance of systems that promote both innovation and equitable distribution. This book offers an insightful discussion on the ills that capitalism and communism have meant to address, and the pitfalls of the two approaches, most importantly with regards to the misconceptions of "profit", the misfit child of economics and accounting. Analysis is also extended to consider behavioral theories from a needs perspective, including marginal theory and behavior based on fear. Finally, the concept of the new, "middle way" of entrepreneurism is advocated, in which the voices of all stakeholders (including the environment and the earth itself) are considered in any endeavor, thereby addressing the iniquities in distribution, while emphasizing the creative and innovative needs of all individuals.

General

Imprint: World Scientific Publishing Co Pte Ltd
Country of origin: Singapore
Release date: 31 May 2020
First published: August 2010
Authors: Raymond W.Y. Kao • Rowland R. Kao
Format: Hardcover
Pages: 150
ISBN-13: 978-981-4304-51-1
Categories: Books > Business & Economics > Economics
Books > Business & Economics > Economics > Economic systems
Books > Business & Economics > Economics > Economic systems > General
Books > Business & Economics > Promotions
LSN: 981-4304-51-4
Barcode: 9789814304511

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