The Heterodox Theory of Social Costs

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  • The Heterodox Theory of Social Costs Book Detail

  • Author : K. William Kapp
  • Release Date : 2015-07-30
  • Publisher : Routledge
  • Genre : Business & Economics
  • Pages : 181
  • ISBN 13 : 1317682378
  • File Size : 82,82 MB

The Heterodox Theory of Social Costs by K. William Kapp PDF Summary

Book Description: K. William Kapp’s heterodox theory of social costs proposes precautionary planning to pre-empt social costs and provide social benefits via socio-ecological safety standards that guarantee the gratification of basic human needs. Based on arguments from Thorstein Veblen, Karl Marx, and Max Weber, social costs are conceptualized as systemic and large-scale damages caused by markets. Kapp refutes neoclassical solutions, such as bargaining, taxation, and tort law, unmasking them as ineffective, inefficient, inconsistent, and too market-obedient. The chapters of this book present the social costs of markets and neoclassical economics, the social benefits of environmental controls, development planning, and the governance of science and technological standards. This book demonstrates the fruitfulness of the heterodox theory of social costs as a coherent framework to develop effective remedies for today’s urgent socio-ecological crises. This volume is suitable for readers at all levels who are interested in the theory of social costs, heterodox economics, and the history of economic thought.

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The Heterodox Theory of Social Costs

The Heterodox Theory of Social Costs

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K. William Kapp’s heterodox theory of social costs proposes precautionary planning to pre-empt social costs and provide social benefits via socio-ecological s

The Heterodox Theory of Social Costs

The Heterodox Theory of Social Costs

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In K. William Kapp's most important work, Social Costs and Social Benefits, he argued that social controls are necessary to both reduce the social costs and inc

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Social Costs of Markets and Economic Theory

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This book deals with the social costs of markets from a heterodox perspective. It deals with the degrading of work, decline of community, and rising income ineq

Contemporary Issues in Heterodox Economics

Contemporary Issues in Heterodox Economics

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Heterodox economics can provide a more complete and robust explanation of economic realities than orthodox (or mainstream) economics. Contemporary Issues in Het

The Foundations of Institutional Economics

The Foundations of Institutional Economics

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K. William Kapp was one of the leading 20 th century institutionalists and a founding member of the Association for Evolutionary Economics. This book was develo