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Towards a Capitalist Manifesto
Read [PDF] A General Theory of Economic
Development: Towards a Capitalist Manifesto Full EBook
Book details
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Author : Sung-Hee Jwa
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Pages : 232 pages
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Publisher : Edward Elgar Pub 2017-06-30
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Language : English
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ISBN-10 : 1785367986
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ISBN-13 : 9781785367984
Book Synopsis
This book makes the bold attempt at proposing a new general theory of economic development founded on the fact-based perspective of
economic behaviour. 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. By presenting a general theory that goes beyond mainstream and ad
hoc economic theories, Sung-Hee Jwa provides a new way to look at capitalism beyond the Marxian interpretation, explaining why some
economies develop and others don t. 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. It 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 and worsening income distribution. The
theory presented in this book and its implications for development management will be an invaluable resource for development economists,
scholars, instructors, researchers and policymakers.