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Titlebook: Patentism Replacing Capitalism; A Prediction from Lo Samuel Meng Book 2019 The Editor(s) (if applicable) and The Author(s) 2019 Economic gr

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书目名称Patentism Replacing Capitalism
副标题A Prediction from Lo
编辑Samuel Meng
视频video
概述Proposes an alternative economic model that could end capitalism.Reviews the current patent system and explores opportunities for a new patent system.Brings economic theory and empirical modelling tog
图书封面Titlebook: Patentism Replacing Capitalism; A Prediction from Lo Samuel Meng Book 2019 The Editor(s) (if applicable) and The Author(s) 2019 Economic gr
描述.Based on economic knowledge and logical reasoning, this book proposes a solution to economic recessions and offers a route for societal change to end capitalism. The author starts with a brief review of the history of economics, and then questions and rejects the trend of recent decades that has seen econometrics replace economic theory. By reviewing the different schools of economic thought and by examining the limitations of existing theories to business cycles and economic growth, the author forms a new theory to explain cyclic economic growth. According to this theory, economic recessions result from innovation scarcity, which in turn results from the flawed design of the patent system. The author suggests a new design for the patent system and envisions that the new design would bring about large economic and societal changes. Under this new patent system, the synergy of the patent and capital markets would ensure that economic recessions could be avoided and that the economy would grow at the highest speed..
出版日期Book 2019
关键词Economic growth; Recessions; Cyclic economic growth; Capitalism; Patents; Multi-commodity model; Innovatio
版次1
doihttps://doi.org/10.1007/978-3-030-12247-8
isbn_softcover978-3-030-12249-2
isbn_ebook978-3-030-12247-8
copyrightThe Editor(s) (if applicable) and The Author(s) 2019
The information of publication is updating

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