A General Theory of Economic Development

Towards a Capitalist Manifesto

Business & Finance, Economics, Economic Development
Cover of the book A General Theory of Economic Development by Sung-Hee  Jwa, Edward Elgar Publishing
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Author: Sung-Hee Jwa ISBN: 9781785367991
Publisher: Edward Elgar Publishing Publication: June 30, 2017
Imprint: Language: English
Author: Sung-Hee Jwa
ISBN: 9781785367991
Publisher: Edward Elgar Publishing
Publication: June 30, 2017
Imprint:
Language: English
This book makes the bold attempt at proposing a new general theory of economic development. The main premise is that economic institutions and policies must embody ‘economic discrimination’ if there is to be any chance of real economic development. By economic discrimination, the author means ‘treating differences differently’ by selecting and supporting economic entities and behaviour that contribute positively to the economy. The book identifies markets, government and corporations as the ‘holy trinity of economic development’, that is, the three most important institutions that must work together via economic discrimination to steer the economy towards real transformative progress. The book also warns against the current trend of economic egalitarianism or ‘not treating differences differently’ because it destroys economic incentives and results in an array of economic problems including growth stagnation.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This book makes the bold attempt at proposing a new general theory of economic development. The main premise is that economic institutions and policies must embody ‘economic discrimination’ if there is to be any chance of real economic development. By economic discrimination, the author means ‘treating differences differently’ by selecting and supporting economic entities and behaviour that contribute positively to the economy. The book identifies markets, government and corporations as the ‘holy trinity of economic development’, that is, the three most important institutions that must work together via economic discrimination to steer the economy towards real transformative progress. The book also warns against the current trend of economic egalitarianism or ‘not treating differences differently’ because it destroys economic incentives and results in an array of economic problems including growth stagnation.

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