{"product_id":"9789401049702","title":"Capitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation","description":"\u003ch1\u003eCapitalism versus Pragmatic Market Socialism: A General Equilibrium Evaluation\u003c\/h1\u003e \u003ch2\u003eYunker, James A.\u003c\/h2\u003e \u003cp\u003e\u003cem\u003eCapitalism versus Pragmatic Market Socialism: A General  Equilibrium\u003c\/em\u003e \u003cem\u003eEvaluation\u003c\/em\u003e 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 household's 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. \u003cbr\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-09-27\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9789401049702\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-94-011-2190-3\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 152\u003c\/p\u003e ","brand":"Springer","offers":[{"title":"Default Title","offer_id":44398803812492,"sku":"9789401049702","price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9789401049702.jpg?v=1755444474","url":"https:\/\/lateknightbooks.com\/products\/9789401049702","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}