Description: Capitalism versus Pragmatic Market Socialism by James A. Yunker Capitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation contains important contributions both to general economic theory and to the evaluation of potential market socialist economic systems. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description This book is a contribution to economic theory as well as to the evaluation of market socialism. As a contribution to economic theory, the general equilibrium model, utilized in the research introduces the concept of "capital management effort" as a primary factor of production provided by the private household. As a contribution to the evaluation of market socialism, this research sheds light on the potential performance of a specific variant of market socialism known as "pragmatic" market socialism. Author Biography JAMES A. YUNKER is Professor of Economics at Western Illinois University. Author of five books and some 70 articles, Professor Yunker has written on a wide range of topics from economic theory to contemporary policy issues. His latest book, coedited with Errol E. Harris, is Toward Genuine Global Governance: Critical Reactions to "Our Global Neighborhood" (Praeger, 1999). Table of Contents 1. Introduction and Overview.- 2. Pragmatic Market Socialism.- A. The Proposal.- B. Pros and Cons.- 3. A General Equilibrium Model.- A. Theoretical Specification.- B. Numerical Implementation.- 4. Results.- A. Benchmark Solutions.- B. Sensitivity Analysis.- 5. Summary and Conclusion.- Notes.- References. Promotional Springer Book Archives Long Description Capitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation contains important contributions both to general economic theory and to the evaluation of potential market socialist economic systems. As a contribution to economic theory, the general equilibrium model utilized in the research introduces the concept of capital management effort as a third primary factor of production (in addition to labor and saving) provided by private households. Capital management effort represents such things as corporate supervision, investment analysis, entrepreneurship, and related activity by the household which is intended to increase the rate of return on its capital wealth. As a contribution to the evaluation of market socialism, this research sheds powerful illumination on the potential performance of a specific variant of market socialism known as pragmatic market socialism. Pragmatic market socialism is a plan of market socialism designed to work almost exactly like contemporary capitalism. The key differences would be the enforcement of a profit incentive on the publicly owned corporations by an agency designated the Bureau of Public Ownership, and the distribution of the preponderance of capital property return produced by the publicly owned corporations as a social dividend supplement to the households wage and salary income. The analysis reported in this book shows precisely under what conditions pragmatic market socialism would perform better than capitalism, and under what conditions the opposite would be true. The fundamental implication forthcoming from the research is that the potential performance of pragmatic market socialism relative to capitalism is an empirical rather than a theoretical question. Details ISBN0792393996 Author James A. Yunker Short Title CAPITALISM VERSUS PRAGMATIC MA Publisher Springer Language English ISBN-10 0792393996 ISBN-13 9780792393993 Media Book Format Hardcover Year 1993 Publication Date 1993-10-31 Subtitle A General Equilibrium Evaluation Place of Publication Dordrecht Pages 152 Imprint Springer Country of Publication Netherlands Illustrations VIII, 152 p. DOI 10.1023/b108616;10.1007/978-94-011-2190-3 Edition Description 1993 ed. Edition 1993rd Alternative 9789401049702 DEWEY 330.12 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:96225011;
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ISBN-13: 9780792393993
Book Title: Capitalism versus Pragmatic Market Socialism
Number of Pages: 152 Pages
Language: English
Publication Name: Capitalism Versus Pragmatic Market Socialism: a General Equilibrium Evaluation
Publisher: Springer
Publication Year: 1993
Subject: Economics
Item Height: 235 mm
Item Weight: 910 g
Type: Textbook
Author: James A. Yunker
Subject Area: Political Science
Item Width: 155 mm
Format: Hardcover
