Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism

by Jaanos Kornai, Jǹos Kornai, János Kornai

In Dynamism, Rivalry, and the Surplus Economy, J nos Kornai examines capitalism as an economic system and in comparison to socialism. Kornai explains his view of capitalism as an economy of surplus--a chronic excess of supply of goods and labor. This environment breeds rivalry among producers, which in turn encourages innovation. Socialism, on the other hand, is defined by a shortage of goods and labor and excess of demand. Whereas socialism is slothful...

• Format: Hardcover
• Language: English
• ISBN: 0199334765
• ISBN13: 9780199334766
• Release Date: December 2013
• Publisher: Oxford University Press, USA
• Length: 208 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.9" x 6.0" x 9.3"